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Money

Building Anchorage

Anchorage Native Primary Care Center Phase III -- an expansion of Southcentral Foundation -- will be three stories high and encompass 79,280 square feet.

Business people

News on hires or promotions of employees to senior or midlevel professional or supervisory positions

Thursday's oil, gas, gold, zinc prices

The price of North Slope oil sold on West Coast open markets closed Thursday at $83.54 a barrel, down $2.31 for the day.

Dow falls 679 to below 9,000

Stocks plunged in the final minutes of trading today, sending the Dow Jones industrials down 679 points to their lowest level in five years.

Tourism held steady at 1.7 million, with more foreigners

More came by air. Fewer by car or RV. And at the end of Alaska's tourist season it looks like the state hosted about 1.7 million visitors this year, roughly the same number as last year. Cruise ships remain the foundation of Alaska's visitor industry, carrying three out of every five tourists.

Mine developers turn down mediated talks on tailings

Kensington Mine developers say they are not interested in taking part in mediated talks set up by a conservation group that sued to block their plans for disposing of mine tailings.

Inside Alaska business

Alaska business news in brief

Conoco Phillips plans to expand on NPR-A discoveries

Conoco Phillips expects to return to the National Petroleum Reserve-Alaska this winter, with plans shaping up for two wells in a federal exploration unit created this year. Conoco will use both wells to look for new hydrocarbon accumulations to expand on previous discoveries.

Eli Lilly settles Zyprexa inquiries

Drugmaker Eli Lilly & Co. cleared another legal cloud hanging over its top-selling drug Zyprexa when it announced a $62 million settlement Tuesday, but several other storms are still brewing for the antipsychotic medication.

Long wait is over for Alaska Target shoppers

What is it about Target, that everyday Outside shopping fixture, with its acres of parking, wide aisles and discount swank, that makes Anchorage people freak out?

Business people

News on hires or promotions of employees to senior or midlevel professional or supervisory positions

Stocks dive as investors fret over credit

The misery worsened on Wall Street today, bringing the two-day decline in the Dow Jones industrials to more than 875 points.

Heavy oil flows from cold Ugnu in test, BP says

BP Exploration (Alaska) Inc. achieved success in an initial test for production of heavy oil from the Ugnu formation on the North Slope, according to a company spokesman. The test well succeeded in bringing sand and oil to the surface with a peak rate of about 120 barrels per day.

Government reaches agreement on polar bear habitat

The federal government will designate "critical habitat" for polar bears in the ocean off Alaska's coast, a decision that could add restrictions to future offshore petroleum exploration or drilling.

Business people

News on hires or promotions of employees to senior or midlevel professional or supervisory positions

Oil prices fall as financial turmoil goes global

Oil prices plunged below $90 a barrel today, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy.

Study focuses on aging oil, gas infrastructure

A long-awaited study of the risks posed by Alaska's aging oil and gas infrastructure is beginning this fall. The study was an outgrowth of the spills, leaks and corrosion discovered on the North Slope in the past few years. Last year, the Legislature approved $5 million for it.

LYNNE CURRY

Burned bridges cannot always be repaired

Two years ago I walked out on a job I liked because my supervisor made me so mad I couldn't think straight. It took me a year to realize my supervisor wasn't the problem, it was me.

Two industries

In August, 12,800 people worked in Alaska's oil industry and 20,500 worked construction. But, oil has been growing while construction has shrunk in recent years.

Report faults FAA over inspecting outsourced work

Nine major U.S. airlines, including Alaska Airlines, are farming out aircraft maintenance at twice the rate of four years ago and now hire outside contractors for more than 70 percent of major work, the government says. Contractors overseas handled one-quarter of the outsourced maintenance.

Termination orders cut Kensington Mine workforce in half

Half of the workers at the Kensington Mine near Juneau are losing their jobs because of layoffs.