Modest bids in Cook Inlet sale; none for Alaska Peninsula leases

There was only modest bidding May 16 in a Cook Inlet oil and gas areawide lease sale, and an offering of leases on the Alaska Peninsula in southwest Alaska at the same time brought no bids in the sale.

Tim Bradner, Alaska Journal of Commerce

Pentagon restricts F-22 flights, safety a concern

WASHINGTON (AP) — Facing a mysterious safety problem with the Air Force's most-prized stealth fighter, Defense Secretary Leon Panetta on Tuesday ordered new flight restrictions on the F-22 and summoned help from Navy and NASA experts.

Robert Burns, AP National Security Writer

No injuries reported after 4.6-quake in Alaska

Seismologists say an earthquake that struck in southern Alaska near Anchorage was widely felt in the city and other communities.

Associated Press

US economy provides some relief to markets

The shockwaves from Greece's failure to form a coalition government continued to reverberate around markets on Wednesday, though upbeat U.S. economic indicators gave the more positive-inclined investor something to latch on to.

PAN PYLAS, AP Business Writer

Fed: Several members could support further easing

Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.

MARTIN CRUTSINGER, AP Economics Writer

Transparency tops among recommended changes to IPHC

A consulting firm recommended sweeping changes centered on improving transparency and increasing stakeholder participation after completing a performance review of the International Pacific Halibut Commission.

Andrew Jensen, Alaska Journal of Commerce

LAST RAPTOR ARRIVES AT JBER

Big snow brings big woes after breakup in Anchorage

The record snowfall in Alaska’s largest city is quickly melting, leaving scores of residents to deal with winter’s lingering mean streak.

Rachel D’oro, Associated Press

Safety, seafood industry driving airport improvements

Small towns from the tip of the Alaska Peninsula to the far-flung Aleutian Islands are some of the trickiest areas to get to and by aircraft is often the only means to do so. Improving access, safety and economic benefits are driving renovations moving forward in several such places this year.

Jonathan Grass, Alaska Journal of Commerce

Apple’s squeeze hits phone companies, competitors

NEW YORK (AP) — Apple reported another record quarterly profit April 24, continuing the relentless string of results that’s made it the world’s most valuable company.

Peter Svensson, AP Technology Writer