Moody's Investors Service said Tuesday it lowered the credit outlook for Alaska because the plunge in oil prices "threatens to rapidly and significantly reduce the state's budgetary reserves."Dermot Cole
The Anchorage Assembly will hear public testimony Tuesday evening on A0-148, an ordinance that would outlaw commercial marijuana in Alaska's largest city only weeks after voters approved legalization.Suzanna Caldwell
The provision, included within a defense bill, passed Congress late last week. It represents a compromised worked out by Sen. Lisa Murkowski and is intended to make final the land claims owed to Southeast tribes under the Alaska Native Claims Settlement Act.Associated Press
Sponsors of an ordinance that would ban commercial marijuana facilities in Anchorage say the municipality should take a “wait and see” approach to commercial pot, while critics say the ordinance would cost Anchorage a potential leadership role in developing statewide marijuana policy.Suzanna Caldwell
The company that has the contract for private phone service in 14 jails and prisons in Alaska wants to start charging $1 for local phone calls following a federal decision that slashed the cost of interstate calls from jail by more than 70 percent. Dermot Cole
The Alaska Aerospace Corp. said Friday it hopes to drum up new business for the state-owned rocket range in Kodiak and has started negotiations on a $21 million incentive plan with Lockheed Martin. Dermot Cole
Gov. Bill Walker and legislative leaders are meeting this week to discuss a predicted $3.5 billion shortfall if oil prices remain low. That deficit is expected for fiscal year 2016 if spending is not reduced, and would come on top of a $3.5 billion deficit expected in the current fiscal year. Alex DeMarban
Under the threat of terrorist attacks from hackers and with the nation's largest multiplex chains pulling the film from its screens, Sony Pictures Entertainment took the unprecedented step of canceling the Dec. 25 release of the "The Interview."
The United States will restore full diplomatic relations with Cuba and open an embassy in Havana for the first time in more than a half-century after the release of an American contractor held in prison for five years, President Barack Obama announced Wednesday.