Markets News 

Monday Memo: Starbucks, Alaska Air, F5 earnings; Davos economic forum

“THURSDAY: Starbucks releases its fiscal first-quarter earnings after the market closes” writes The Seattle Times for seattletimes.com. WEDNESDAY: F5 Networks will announce its fiscal first-quarter earnings after the market closes. … The National Association of Realtors releases existing home sales for December.Store closings forced by the hurricanes in Texas and Florida were one factor, but growth also slowed in the all-important China market. … Alaska Air Group reports its fourth-quarter and full year earnings. Source: seattletimes.com Share This:

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Alaska Air employees will get $1,000 bonus due to Trump tax overhaul

“Employees of Alaska Air Group, the parent company of Alaska Airlines and regional subsidiary Horizon Air, will receive a $1,000 bonus this month, a move the company attributes to the corporate tax overhaul signed in December by President Donald Trump” writes Seattle Times Aerospace for seattletimes.com. Alaska Air Group, parent company of Alaska Airlines and regional subsidiary Horizon Air, is joining two other major airlines in granting employees a $1,000 bonus at month-end because of the corporate tax windfall from the legislation signed by President Trump before Christmas.Alaska employees on…

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Massive uptick in snowfall on Alaska peaks ‘shocks’ experts

“The increase over time represented more than a doubling in the amount of snow” writes Chris Mooney for seattletimes.com. The researchers attribute part of the snowfall increase to the atmosphere retaining more water vapor, but also say that the warming up of the tropical Pacific Ocean changed atmospheric patterns, leading more storms to track across Alaska — thus accounting for the one-two punch. Source: seattletimes.com Share This:

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Pro-Trump group praises Lisa Murkowski for supporting tax overhaul, Alaska drilling

“A pro-Trump political group began airing TV ads in Alaska Tuesday praising Lisa Murkowski for helping to advance the GOP’s tax overhaul, a reward for one of the Republican senators once thought to be among the most likely to waver on tax cuts” writes Joseph Lawler for washingtonexaminer.com. The pro-drilling measure, long supported by Murkowski and passed by the Energy Committee she chairs, is included in the tax bill that Republicans aim to put on President Trump’s desk this year.Not only did Murkowski vote for the Senate version of the…

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Alaska Airlines drops $60 monthly transit-pass subsidy for employees

“Alaska Airlines will eliminate a $60 monthly subsidy it has long provided to employees to buy passes for public transit for their commutes” writes David Gutman for seattletimes.com. About 85 percent of Alaska Airlines’ employees at its SeaTac offices and operations drive alone to work, according to the company’s most recent survey.Alaska Airlines said it would continue to encourage employees to take advantage of a federal law that allows them to use pretax dollars to pay for transit access.The change, effective Jan. 1, is essentially a pay cut for employees…

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Airlines will begin banning smart luggage in 2018

“Most airlines will allow smart luggage on their flights if the batteries are removed, but some smart luggage bags don’t give users that option” writes Finanzen Net Gmbh for businessinsider.com. The future of luggage may be delayed, as airlines are set to ban smart luggage that includes non-removable lithium-ion batteries.”While most airlines understand and approve of smart luggage, others might still be getting up to speed.American Airlines announced its ban on Dec. 1, and other airlines have followed, including Alaska Airlines and Delta. Source: businessinsider.com Share This:

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Alaska told stockpile anti-radiation pills in case of NKorea nuke attack…

“The country will NOT attempt evacuations if maniac despot Kim Jong-un fires a nuclear missile, emergency planners have warned” writes Image Eyeem for mirror.co.uk. Alaska is being urged to prepare for a North Korean nuclear attack – amid fears that a warhead ‘could reach residents in 20 minutes’.Otherwise, he said, Alaska would respond to a nuclear attack using the same plans already devised for disasters like earthquakes and volcanic eruptions.And while he insisted that Alaska was unlikely target for a nuclear strike, Mr Zidek admitted that the state’s defensive facilities…

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News Oil 

China signs on to Alaska gas pipeline, but it’s far from set

“Since then, oil production has declined, and the recession-racked state hopes to tap into natural gas to fill the gaps” writes The Associated Press for seattletimes.com. Here’s a look at the new project: Alaska’s prodigious North Slope is known for its vast deposit of oil, which fueled construction of the 800-mile trans-Alaska oil pipeline in the 1970s. Source: seattletimes.com Share This:

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Trump’s $250 billion China haul features little of substance

“Both Trump and Chinese President Xi Jinping hailed the deals on Thursday, calling them examples of “win-win” cooperation between the world’s biggest economies” writes Bloomberg News for sun-sentinel.com. A day earlier, Commerce Secretary Wilbur Ross announced $9 billion of deals, many also MOUs with few details, rather than contracts. Source: sun-sentinel.com Share This:

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