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Economy, Business and Finance

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A collection of news and information related to Economy, Business and Finance published by this site and its partners.

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    May 17, 2012 |Story| AP Broadcast

  1. CEO Zuckerberg Outlines Facebook's 5 Core Values

    Facebook CEO Mark Zuckerberg outlined five core values for Facebook in a letter to potential investors.
    Channel 2 News
    Facebook CEO Mark Zuckerberg outlined five core values for Facebook in a letter to potential investors. The letter appeared in regulatory filings that Facebook Inc. first submitted in February for its initial public offering of stock.     Here is that...

    Tags: Computing and Information Technology Industry, Facebook, Financing and Stock Offerings, Media Industry, Science and Technology

    2. May 17, 2012 |Story| KTUU

  2. Cook Inlet Lease Sale Raises Millions

    <span>In just a few hours on Wednesday morning, the state of Alaska made almost $7 million.</span>
    Channel 2 News
    In just a few hours on Wednesday morning, the state of Alaska made almost $7 million. The source:  the sale of Cook Inlet Oil and Gas leases. Ever since oil was discovered in the Kenai Peninsula in the 1950’s, lease sales have become a much...

    Tags: Crime, Law and Justice, Energy Resources, Zoology, Science and Technology, Environmental Issues

    3. May 16, 2012 |Story| AP Alaska

  3. Alaska gets $71K in Skechers' Settlement

    Claims that Skechers' fitness shoes can help shed pounds and tone muscles are sketchy at best, says the government - and they're going to cost the company millions of dollars.
    Channel 2 News
    Claims that Skechers' fitness shoes can help shed pounds and tone muscles are sketchy at best, says the government - and they're going to cost the company millions of dollars.     The footwear company will pay $40 million to settle charges by the Federal...

    Tags: Physical Fitness and Exercise, Health, Companies and Corporations

    4. May 10, 2012 |Story| KTUU

  4. Channel 2 News Investigates: Alaska's Child Porn Epidemic

    While in jail, awaiting sentencing for charges related to the possession of child pornography, Anchorage inmate Troy McKenzie continued to self-medicate himself with a mixture of newspaper and magazine cutouts of young children.
    Channel 2 News
    While in jail, awaiting sentencing for charges related to the possession of child pornography, Anchorage inmate Troy McKenzie continued to self-medicate himself with a mixture of newspaper and magazine cutouts of young children. This day of discovery had...

    Tags: Executive Branch, Politics, Criminals, Environmental Issues, Prosecution

    5. May 1, 2012 |Story| AP Alaska

  5. Exploration Company Optimistic on Niblack Prospect

    The CEO of a company developing a mineral prospect on Prince of Wales Island in southeast Alaska says mine construction could begin by 2015.
    Channel 2 News
    The CEO of a company developing a mineral prospect on Prince of Wales Island in southeast Alaska says mine construction could begin by 2015.     Patrick Smith says Heatherdale Resources will resume surface exploration drilling in late May or early June...

    Tags: Companies and Corporations

    6. May 1, 2012 |Story| KTUU

  6. Air Force General Promises Transparency on Proposed F-16 Move

    In meetings with community leaders in Fairbanks and Anchorage April 10 to April 12, the Air Force general tasked with implementing the relocation of the F-16 squadron from Eielson Air Force Base to Joint Base Elmendorf-Richardson promised a transparent process that will incorporate the deep concerns raised so far about impacts and whether the projected cost savings will be realized.
    Alaska Journal of Commerce
    In meetings with community leaders in Fairbanks and Anchorage April 10 to April 12, the Air Force general tasked with implementing the relocation of the F-16 squadron from Eielson Air Force Base to Joint Base Elmendorf-Richardson promised a transparent...

    Tags: Lisa Murkowski, Mark Begich, Finance, Career and Workplace, Armed Forces

    7. Apr 10, 2012 |Story| AP Alaska

  7. Marathon Oil Selling Alaska Assets

    Marathon Oil Corp. plans to sell most of its Alaska assets to Hilcorp Alaska LLC as part of a corporate strategy to focus on oil shale production.
    Channel 2 News
    Marathon Oil Corp. plans to sell most of its Alaska assets to Hilcorp Alaska LLC as part of a corporate strategy to focus on oil shale production.     The sale of Cook Inlet assets, natural gas storage and interests in gas pipeline transmission systems...

    Tags: Companies and Corporations, Marathon Oil Corp.

    8. Apr 11, 2012 |Story| AP Alaska

  8. State Senate Passes Capital Budget; House Next

    The State Senate on Wednesday passed a $2.6 billion infrastructure spending package.
    The Associated Press
    The State Senate on Wednesday passed a $2.6 billion infrastructure spending package. Senate President Gary Stevens has said he wants the state capital and operating budgets wrapped up by Sunday, the Legislature's scheduled adjournment date. The vote was...

    Tags: U.S. Senate Committee on Finance, Finance, Politics, Sean Parnell, Budgets and Budgeting

    9. Apr 12, 2012 |Story| KTUU

  9. State Senate Oil Tax Bill Doesn't Reach Floor, Sent to Rules Committee

    The state Senate decided at the last possible moment Thursday not to have a floor debate on one of its key pieces of legislation in the 2012 session -- oil tax reform.
    Channel 2 News
    The state Senate decided at the last possible moment Thursday not to have a floor debate on one of its key pieces of legislation in the 2012 session -- oil tax reform. The bill had finally come out of committee Wednesday evening, and its failure to reach...

    Tags: Government, U.S. Senate Committee on Finance, Crime, Law and Justice, Regional Authority, Executive Branch

    10. Apr 18, 2012 |Story| KTUU

  10. APD says Rumrunners Bouncer and Corporation Charged in Assault

    The Anchorage Police Department says a downtown bar bouncer at Rumrunners and the corporation that owns the bar have been charged with assault and police say there may be more victims who have yet to come forward.
    Channel 2 News
    The Anchorage Police Department says a downtown bar bouncer at Rumrunners and the corporation that owns the bar have been charged with assault and police say there may be more victims who have yet to come forward. A grand jury indicted 39-year-old...

    Tags: Crime, Law and Justice, Criminals, Companies and Corporations, Prosecution

    11. Apr 20, 2012 |Story| KTUU

  11. Alaska's Revenue Commissioner Gets Tough Questioning From State Senators

    &quot;Same pig, different lipstick."
    "Same pig, different lipstick." That's what one Alaska State Senator said Friday after a hearing in which the Department of Revenue described the Governor's new tax plan to the Senate Resources Committee. The colorful comment was meant to convey a...

    Tags: Government, Regional Authority, Executive Branch, Politics, Sean Parnell

    12. Apr 23, 2012 |Story| AP Broadcast

  12. ConocoPhillips 1Q Profit Drops 3 Pct

    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.NEW YORK (AP) - ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.
    Channel 2 News
    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share,...

    Tags: Gasoline Industry, Earnings, Energy Resources, Petroleum Industry, Environmental Issues

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