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MONEY / FINANCE

Money

Bread to beer, and back again

Money

Juneau welcomes first cruise ships, readies for expected record-breaking tourist season

Money

Why your credit score could soon get bumped up

Money

Alaska begins 2017 with highest unemployment rate in the nation

Money

Credit card scam targets elderly Alaskans

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  • Money

    Bread to beer, and back again

    by CBS News on Jul 01, 18:43

    As craft beer market competition has increased, brewers are looking to bump their sales in new ways. At brewer Toast Ale, the brewmasters are taking the phrase “reuse and recycle” to an entirely different level. They’re turning leftover bread into beer in an effort to combat food waste. The innovative beer company, founded in London, […]

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    Juneau welcomes first cruise ships, readies for expected record-breaking tourist season

    by Liz Raines on May 01, 21:45

    The first two cruise ships of the season arrived in Juneau Monday, marking the start of what’s expected to be a record-breaking season. About 1,055,000 passengers are expected to reach the capital city’s shores over the next 150 days, according to the Juneau Economic Development Council. “We haven’t seen this many cruise ship passengers since 2008,” […]

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    Why your credit score could soon get bumped up

    by Aimee Picchi/CBS News on Mar 14, 15:30

    Credit scores can help determine how much you pay for a house or car, or even whether you need to put a deposit down on utilities. So it comes as good news for millions of Americans that they may find their credit-score getting a boost later this year. That’s because the three major credit-reporting agencies […]

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    Alaska begins 2017 with highest unemployment rate in the nation

    by Shannon Ballard on Mar 03, 20:37

    The number of unemployed Alaskans is on the rise, and state economists expect it to get worse. Alaska ended last year with a 6.7 percent unemployment rate, the highest in the nation according the Alaska Department of Labor and Workforce Development. The national average is 4.7 percent, making Alaska among the more challenging places to find […]

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    Credit card scam targets elderly Alaskans

    by KTVA CBS 11 News on Feb 28, 17:29

    Older Alaskans have been the target in a recent scam aimed at stealing credit card information, according to officials. The Better Business Bureau (BBB) Serving the Northwest and the Alaska Office of Elder Fraud issued a warning about the scam, saying “it appears this scam is directly targeting the elderly.” Based on recent reports to the agencies, the scammers have called consumers and […]

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    Lovers of Italian olive oil in for some sticker shock

    by Associated Press on Feb 21, 21:59

    From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent. The combination of bad weather and pests hit the harvest in Southern Europe, most of all in Italy, where production is […]

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    That ‘not-at-fault’ collision could still hike your premium

    by Ed Leefeldt / CBS MoneyWatch on Feb 14, 16:52

    Were you recently rear-ended at a red light by a driver who was texting? If so, you probably got a double dose of bad luck, according to a just-published study by the Consumer Federation of America (CFA). It showed that drivers in major cities nationwide end up paying more — as much as $400 in Queens, […]

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    31 people laid off in Alaska Railroad job cuts

    by KTVA CBS 11 News on Feb 10, 14:43

    Forty-nine positions are being cut from the Alaska Railroad Corp. (ARRC), according Timothy Sullivan Jr., the company’s manager of external affairs. “ARRC has experienced a 44% downturn in freight tonnage since 2008 and has recorded a net loss from operations since 2015, with the 2017 budget showing such a loss of $4.9 million,” Sullivan said […]

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    Alaska expected to see increase in cruise ship passengers this year

    by Lauren Maxwell on Feb 09, 19:57

    At 1 million passengers, 2016 was considered a great year for the cruise ship industry in Alaska. But, 2017 could be even better. Sarah Leonard, president of the Alaska Travel Industry Association, says demand is up for Alaska cruises with some lines adding more ships and sailings. Holland America has plans to bring back the […]

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    Major southcentral Alaska utility companies sign power pooling agreement

    by Shannon Ballard on Jan 30, 19:26

    Three of southcentral Alaska’s major electric companies announced on Monday that they’ve signed a power pooling agreement, which will impact tens of thousands of customers. The agreement is between Chugach Electric Association, Municipal Light and Power and Matanuska Electric Association. It allows the different utilities to buy and sell power to each other when it’s […]

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    Dow tops 20,000 mark after month-long tease

    by Larry Light / CBS Moneywatch on Jan 25, 10:31

    The Dow Jones industrial average crossed the 20,000 mark for the first time, with the blue-chip index reaching that threshold after hovering just south of it for more than a month. The index crossed the line at the opening bell, following new record highs Tuesday for the S&P 500 and the Nasdaq Composite index. Before […]

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    Lithium batteries the culprits in Samsung Note 7 debacle, company finds

    by Kris Van Cleave / CBS News on Jan 23, 20:28

    It was overheating Samsung Galaxy Note 7 incidents that prompted a worldwide recall and months-long investigation by 700 Samsung engineers. Over 200,000 devices and more than 30,000 lithium-ion batteries were tested. Samsung found that a design defect — incorrect battery positioning in the Galaxy Note 7’s upper right corner –caused the first wave of problems. […]

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    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 […]

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    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 […]

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    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 […]

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    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 […]

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    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. […]

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    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 […]

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    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 […]

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    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 […]