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MONEY / FINANCE

Money

Palmer's abandoned Matanuska Maid building to become large-scale brewery

Money

YWCA Alaska tackles pay equality between men, women

Money

US approves fix for some Volkswagen diesels

Money

Flypaper! closing after two decades of business

Money

Young adults living with their parents hits a 75-year high

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  • Money

    Palmer’s abandoned Matanuska Maid building to become large-scale brewery

    by Shannon Ballard on Jan 20, 21:33

    Right in the heart of Downtown Palmer, the former Matanuska Maid blow mold building has sat empty for the last decade. Where some see the abandoned remnants of a once thriving diary operation, Matthew Tomter sees opportunity. “I remember drinking Mat Maid milk,” Tomter said. “I remember this place being functional back in the 90s.” Tomter […]

  • Money

    YWCA Alaska tackles pay equality between men, women

    by KTVA CBS 11 News on Jan 19, 0:02

    In Alaska, women make up 48 percent of the workforce, but only earn an average of $.67 for every dollar men make for the same work. Because of this, Alaska has been ranked 48 out of all 50 state for pay equality. The YWCA Alaska is halfway through its two-year EconEquity Initiative, which aims to […]

  • Money

    US approves fix for some Volkswagen diesels

    by CBS/AP on Jan 08, 11:19

    Volkswagen will soon be able to repair some of its diesel cars so they meet U.S. emissions standards. The U.S. Environmental Protection Agency and the California Air Resources Board said Friday they have approved a fix for around 67,000 of the 475,000 Volkswagens and Audis with 2-liter diesel engines that were programmed to cheat on […]

  • Money

    Flypaper! closing after two decades of business

    by Heather Hintze on Jan 03, 18:41

    After nearly 20 years in business, the midtown Anchorage gift shop Flypaper! is closing its doors. Owner Kim Barrett said she’s going to retire and live out her dream to sail around the world. Barrett said she chose to close her store now due to dwindling local support. “I watched the foot traffic slowly drop […]

  • Money

    Young adults living with their parents hits a 75-year high

    by Aimee Picchi/CBS News on Dec 21, 13:14

    Pity both parents and the American housing market: Millennials are moving back home with their folks — and they aren’t moving out. Almost 40 percent of young adults lived with their parents, step-parents, grandparents and other relatives last year, or the highest point in 75 years, according to data from real estate analytics company Trulia. […]

  • Money

    Anchorage post offices prepare for deluge of last-minute holiday packages

    by Shannon Ballard on Dec 19, 21:04

    Time is running out to get your gifts and holiday cards delivered to love ones by Christmas. The U.S. Postal Service says Monday Dec. 19 is the busiest shipping day of the year. The rush is on to get holiday gifts delivered across the country. “It’s a lot of extended work hours and they work really […]

  • Money

    Small business owners feeling the recession pinch

    by Bonney Bowman on Dec 06, 20:12

    If you’re budgeting less for Christmas presents this holiday season, you’re not alone. Local retailers say they’re feeling the effects of the recession. That’s no surprise to economic experts, like Bill Popp, who is president of the Anchorage Economic Development Corporation. He said consumers aren’t just worried about the drop in oil prices, but also […]

  • Money

    Alaska minimum wage to rise to $9.80 starting Jan. 1

    by Associated Press on Dec 05, 15:40

    Alaska’s minimum wage will rise by a nickel, to $9.80 an hour, beginning Jan. 1. Voters in 2014 approved increasing the minimum wage from $7.75 an hour. Under the measure, the minimum wage rose to $8.75 an hour in 2015 and to $9.75 an hour at the start of 2016. Going forward, the wage is […]

  • Money

    How to be smart about charitable giving over the holidays

    by Ines Novacic / Moneywatch on Nov 30, 14:18

    Charitable donations have reached new records for two years running, according to a Giving USA report published in June 2016, but with more than one million charities across America, knowing which cause to donate to can get tricky. Many charities get up to half of all the donations they receive throughout the year in the […]

  • Money

    Fake shopping apps offer back door for thieves

    by CBS News on Nov 28, 20:34

    There is no better time than the holidays for scammers to prey on smartphone users. Consumers on this Cyber Monday will fill their digital shopping carts in record numbers. Online sales today are expected to reach more than $3 billion, and with more than 85 percent of shoppers doing their buying on smartphones, criminals are […]

  • Money

    Anchorage shops partner with food bank for Giving Tuesday

    by Shannon Ballard on Nov 28, 19:28

    After a weekend of holiday shopping, some businesses around Anchorage say it’s time for consumers to get charitable. About a dozen local stores are teaming up with the Food Bank of Alaska this year to help make the holidays great for those in need on what is known as Giving Tuesday. They’re all doing something different […]

  • Anchorage/Mat-Su

    Black Friday shoppers brave cold, early morning snowfall for doorbuster deals

    by Sierra Starks on Nov 25, 14:43

    Before the snow fell Friday morning, Alaskans bundled up and braved the cold to be one of the first in line at Cabela’s, one of Anchorage’s Black Friday hotspots. Luke Walker was the first shopper through the doors when they opened at 5 a.m. The 19-year-old flew down from the University of Alaska Fairbanks to defend […]

  • Money

    Small Business Saturday to include scavenger hunt in downtown Anchorage

    by KTVA CBS 11 News on Nov 23, 19:42

    After Thanksgiving and Black Friday, Alaskans have another opportunity to mingle with friends and loved ones and get some of their holiday shopping done, thanks to Small Business Saturday. The Anchorage Downtown Partnership (ADP) is adding a scavenger hunt to the mix. Small Business Saturday is a nationwide event hosted by American Express as a […]

  • Money

    Toyota to pay up to $3.4 billion to settle US truck lawsuit

    by Associated Press on Nov 13, 13:33

    Toyota will pay up to $3.4 billion to settle a class action lawsuit brought by U.S. pickup truck and SUV owners whose vehicles lacked adequate rust protection. Court filings show that the settlement reached on October 31 covers 1.5 million vehicles, dealing a financial blow to the Japanese automaker whose trucks were subject to corrosion […]

  • Money

    Dow closes at record high; other indexes mixed

    by Associated Press on Nov 10, 12:56

    The Dow Jones industrial average is closing at a record high, led by big gains in a few of its 30 components including Goldman Sachs and IBM, beating the all-time high it set in August. Broader market measures were closing mixed Thursday as several sectors struggled, including consumer goods companies, utilities and phone companies. Bond […]

  • Money

    Financial markets rebound following initial negative response to Trump win

    by CBS/AP on Nov 09, 1:11

    Last updated at 10:06 a.m. on Wed., Nov 9 NEW YORK (AP) — Major U.S. stock indexes are climbing in afternoon trading as Wall Street sizes up the implications of Donald Trump’s stunning presidential election victory. The solid gains mark a reversal from earlier in the day, when global stock markets were roiled after it […]

  • Money

    Government announces new steps to protect airline consumers

    by KTVA / AP on Oct 18, 18:10

    The Transportation Department is proposing that airlines be required to refund fees when checked bags are substantially delayed. “Passengers should not be charged for services they do not receive. For example, if passengers are charged a fee by an airline for their checked baggage, they should expect to receive that baggage in a timely manner,” […]

  • Money

    Alaska proceeds with pension bond plan despite credit warning

    by Associated Press on Oct 13, 12:32

    The state is proceeding with plans to sell up to $3.3 billion in bonds to help pay for Alaska’s pension obligations despite a warning that the action could trigger a drop in the state’s credit rating. S&P Global Ratings last week indicated that it would likely lower the state’s credit rating if the bonds were […]

  • Money

    Wells Fargo CEO John Stumpf resigns effective immediately

    by Associated Press on Oct 12, 13:31

      Wells Fargo’s embattled CEO John Stumpf has resigned, effective immediately, as the nation’s second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Wednesday that Stumpf will also relinquish his title as chairman. Its chief operating officer, Tim Sloan, will succeed Stumpf as CEO. Stumpf had led Wells […]

  • Money

    What’s the right retirement savings target for millennials?

    by CBS News on Oct 06, 15:25

    A new study by NerdWallet reveals that 22 percent of pay could be the new retirement savings goal for millennials. If you add this to what it’s costing them to repay student debt, higher housing costs and an uncertain job market, no wonder so many millennials may feel doomed financially. But will they really need […]