Top News & Analysis Alaska


  • WASHINGTON, June 22- U.S. Supreme Court Justice Samuel Alito sold his shares in Exxon Mobil Corp worth up to $250,000 that had prompted him to step aside from cases involving the oil company, financial disclosure forms released on Wednesday showed. Justice Clarence Thomas received a bronze bust of 19th century slavery abolitionist and writer Frederick...

  • NEW YORK, June 21- State budgets finally returned to their pre-recession peaks in fiscal 2016 after eight years, once adjusted for inflation, according to a survey published on Tuesday. Aggregate 50- state general fund spending and revenues have now surpassed the peaks they hit in fiscal 2008, the National Association of State Budget Officers reported in the...

  • DUBLIN, June 9- Qatar's sovereign wealth fund is set to buy a major stake in Irish telecoms firm Eir, the Irish Times reported on Thursday, in a move that would likely support its plans to hold off from a stock market flotation for now. The Qatar Investment Authority is on course to acquire York Capital, Eir's second-largest shareholder's stake of about 15 percent, in...

  • June 3- U.S. energy firms this week added rigs drilling for oil for the second time this year, energy services company Baker Hughes Inc said on Friday, after crude prices briefly tested a seven-month high over $50 a barrel over the past two weeks. RIG-OL-USA- BHI> The new rigs were scattered across many basins and states with the Permian in West Texas and New Mexico...

  • CHICAGO, May 26- A letter arrives in the mail with this opening line: "We are writing to let you know how you can get help paying your Medicare costs." And this year, the data from Social Security will help us reach out to seniors who should be enrolled. " About 30 percent of all Medicare Part D enrollees are in the Extra Help program, according to the Kaiser Family Foundation.

  • Children lying in the street cool off in the water from a fire hydrant August 1, 2006 in New York City.

    Record temperatures, drought, rain and La Nina: NOAA's Climate Prediction Center has been issuing outlooks for what lies ahead this summer.

  • NEW YORK, May 24- Stock exchange operator Nasdaq has rejected a listing application by MassRoots Inc on the grounds that it may aid in the use and dealing of an illegal substance, the cannabis social networking company said on Tuesday. The Denver- based company, which connects cannabis users, activists and business people through its mobile applications and web...

  • CNBC update: Ecuador Quake, Iraq air strikes

    A powerful magnitude 6.7 aftershock rattled Ecuador; Iraq releases video showing coalition aircraft bombing various ISIS targets; dramatic video of the rescue of a man trapped in a burning SUV has been released by police in Alaska, reports CNBC's Sue Herera.

  • SAN FRANCISCO, May 17- U.S. states owed $968 billion in unfunded pension benefits for retirees in 2013, the highest level in a decade, according to a report released Tuesday by Pew Charitable Trusts. The states also reported $587 billion in unfunded retiree health care liabilities and $518 billion in outstanding debt in 2013, according to Pew.

  • SAN FRANCISCO, April 27- Persistent low oil prices continue to strain budgets in states like Alaska, Louisiana, Oklahoma and North Dakota, which rely on oil production taxes to fill government coffers, Standard and Poor's said in a report on state budgets on Wednesday. New Governor John Bel Edwards and the state legislature agreed in a special session to adopt new...

  • The Trans-Alaska Oil Pipeline, as it zigzags across the landscape.

    The crash in oil prices has brought a major economic hangover to states that are big energy producers.

  • Alaska's dividend dilemma

    CNBC's Scott Cohn looks at Alaska's budget problems and the possibility of cutting the oil dividend payouts for residents.

  • Pena Nieto, who is grappling with deadly drug cartel violence, said he will send to Congress a proposal to permit the use and importation of marijuana-based medicines, and raise the amount that weed users can legally carry to 28 grams from 5 grams. Pena Nieto did not say where consumers would be able to obtain the weed they are then allowed to carry.

  • Trans-Alaska Pipeline System's costly challenge

    The Trans-Alaska pipeline system is about to enter its 40th year in operation. CNBC's Scott Cohn reports falling oil prices have created engineering challenges for the system as it pumps about a quarter of its capacity.




  • Alaska's budget battle

    CNBC's Scott Cohn reports from Juneau, Alaska about the state's dependency on the oil industry and how low prices could affect the budget.

  • Based in Sitka, Robert Miller makes one-of-a-kind hats and gloves from local animal furs. Also a fisheries biologist for the government, Miller hopes his business will offset any potential budget cutbacks.

    Weaning Alaska off oil revenues won't be a straight shot. And the pain won't be uniform.

  • Alaska's pipeline dilemma

    CNBC's Scott Cohn reports on how Alaska's Trans-Alaska Pipeline System presents economic and engineering challenges for the Last Frontier.