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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: Science and Technology, Mark Zuckerberg, Economy, Business and Finance, Computing and Information Technology Industry, Facebook

    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: Science and Technology, Laws, Economy, Business and Finance, Petroleum Industry, Energy Resources

    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: Economy, Business and Finance, Physical Fitness and Exercise, Health

    4. May 1, 2012 |Story| AP Alaska

  4. 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: Economy, Business and Finance

    5. Apr 10, 2012 |Story| AP Alaska

  5. 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: Marathon Oil Corp., Economy, Business and Finance

    6. Apr 12, 2012 |Story| KTUU

  6. 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: Petroleum Industry, Economy, Business and Finance, Upstream Oil and Gas Activities, Executive Branch, Crime, Law and Justice

    7. Apr 18, 2012 |Story| KTUU

  7. 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: Economy, Business and Finance, Criminals, Crime, Law and Justice, Prosecution

    8. Apr 20, 2012 |Story| KTUU

  8. 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: Economy, Business and Finance, Petroleum Industry, Upstream Oil and Gas Activities, Alaska Legislature, Executive Branch

    9. Apr 23, 2012 |Story| AP Broadcast

  9. 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: Petroleum Industry, Economy, Business and Finance, Upstream Oil and Gas Activities, Energy Resources, Environmental Issues

    10. Apr 25, 2012 |Story| AP Alaska

  10. Sitka Bottling Plant Sells at Foreclosure Auction

    A seafood company has purchased a Sitka water bottling plant at a public foreclosure auction.
    Channel 2 News
    A seafood company has purchased a Sitka water bottling plant at a public foreclosure auction.     The Daily Sitka Sentinel reports Silver Bay Seafoods on Monday spent $1.1 million for the True Alaska Bottling plant.     The company receives a 73,000-...

    Tags: Seafood and Fishing Industry, Aquaculture, Economy, Business and Finance, Plant Openings, Auction Service

    11. Mar 19, 2012 |Story| AP Broadcast

  11. State of Journalism Report: Tablets Helping Improve News Consumption

    Mobile technology appears to be increasing the public appetite for news but it's far from clear whether the news industry will profit from that, a study issued Monday concluded.
    David Bauder
    Mobile technology appears to be increasing the public appetite for news but it's far from clear whether the news industry will profit from that, a study issued Monday concluded.     The Pew Research Center's Project for Excellence in Journalism, in its...

    Tags: Economy, Business and Finance, News Agency, Customs and Tradition, ABC (tv network), Arts and Culture

    12. Mar 20, 2012 |Story| KTUU

  12. Alaska Railroad Faces Tough Decisions After Senate Vote

    The Alaska Railroad could face some tough decisions after the U.S. Senate chose last week to cut $30 million in federal funds designated for the railroad from the Senate transportation bill.
    Channel 2 News
    The Alaska Railroad could face some tough decisions after the U.S. Senate chose last week to cut $30 million in federal funds designated for the railroad from the Senate transportation bill. Alaska's senators, Mark Begich and Lisa Murkowski, pushed for...

    Tags: Railway Transportation, Economy, Business and Finance, Transportation, Travel, Mark Begich

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