• Thu, February 13, 2025

by: ProPublica

How a Risky State Investment in Seafood Cost Alaskans Millions and Left a Fishing Town in Crisis

Leaders of the Alaska Permanent Fund, which pays residents dividends and finances public services, wanted to invest in Alaska firms. There were warning signs ahead of the bet on Peter Pan Seafood, which is expected to cost Alaskans over $29 million.

by: TheStreet

Black History Month Roundtable: Financial Equity & Racial Equity

The wealth gap has been increasing since 1992. By 2022, Black households held only $15 of wealth for every $100 held by white households.

by: LancasterOnline

Lampeter-Strasburg School District will see $1.2M surplus this year

When: Lampeter-Strasburg school board finance committee meeting, Feb. 10. What happened: Administrators are predicting the district will have a $1.2-million surplus for the 2024-25 school year, Amanda Allison, assistant business manager, told the board.

by: Investopedia

The IRS Is Watching: 5 Red Flags That Could Trigger an Audit

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.

by: Forbes

How Americans Will Prioritize Their Finances in 2025: Spending, Saving And The Debt Dilemma

The financial landscape in 2025 is shaping up to be anything but predictable. With shifting economic policies, lingering inflation pressures and consumer debt reaching new highs, the question isn't just whether Americans can stretch their dollars—it's how far those dollars will actually go.

by: Fortune

Netflix cooked up a new live experience for customers: A Las Vegas restaurant serving 'Squid Game' cocktails and a 'Bridgerton' tea

This isn't the first time Netflix has made a foray into the restaurant business.

by: MSN

I-T Bill 2025 referred to Parliament's select committee

A parliamentary committee will review the new Income Tax bill introduced by Finance Minister Nirmala Sitharaman. This bill aims to simplify the existing tax code by reducing the number of sections and word count significantly,

by: Reuters

US power companies increase data center demand spending as DeepSeek fears wane

U.S. electric utilities are adding tens of billions of dollars to spending plans to build new power supplies and bolster the grid as data centers for artificial intelligence and cloud computing drive up energy demand.

by: Reuters

Exclusive: Blackstone seeks $800 million loan to finance New York office purchase, sources say

Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter.

by: MSN

President/CEO of La. Association of Business and Industry visits Cenla

Will Green, the President and CEO of the Louisiana Association of Business and Industry, stopped in Alexandria to share a recap of 2024 in the legislature.

by: Forbes

Crypto, Interest Rates And AI: How To Navigate 2025 Macro Economics

How to think about Crypto, interest rates, and AI-driven labor market shifts that are set to shape global business, investment, and policymaking.

by: Investopedia

What Is Personal Finance, and Why Is It Important?

It's also about understanding that the principles that contribute to success in business and your career work just as well in personal money management. Three key skills are finance ...

by: Reuters

Walmart in Mexico posts 1.4% bump in fourth-quarter profit

Walmart's Mexico and Central America unit reported a 1.4% bump in its fourth-quarter net profit on Thursday, coming in at 15.2 billion pesos.

by: MSN

These Married Co-Founders Reveal How '30-Minute' and '$10,000' Rules Helped Set Their Business on Track for $1 Billion

Ankur and Aditi Daga both had family ties to the jewelry business — and their own vision for shaking up the industry in the U.S.

by: MSN

Elon Musk: U.S. should leave countries to their own business

Elon Musk streamed into the World Governments Summit in Dubai and weighed in his overhaul of U.S. government, his bid for OpenAI, the most important part of AI safety and more. CNN's Anna Stewart and Becky Anderson discuss.

by: MSN

Coinbase Stock Jumps on Earnings. People Are Interested in Crypto Again.

Donald Trump's return to the White House helped the company to blow past analysts' expectations in the fourth quarter.

by: MSN

Cancer Daily Horoscope Today (June 21 - July 22) February 14, 2025: Influence will rise!

Cancer Money Horoscope Today Banking activities will be a priority. You will advance family businesses. Business growth will continue. Enthusiasm for financial matters will remain high. Careers and business will flourish.

by: MSN

Trump-linked World Liberty Financial announces new strategic token reserve

The platform is hoping the strategic token reserve will form a "robust financial backbone" for the Trump family crypto venture.

by: MSN

Digital Lending and Entrepreneurship: The Future of Startup Financing

Technological advances have revolutionized every industry - especially the banking world. With the rise of Fintech, more and more businesses are able to leverage significant borrowing opportunities, thanks to the ease and convenience of digital lending.

by: MSN

California is at the center of the country's egg mess. Here's why and what's coming

The price of a dozen eggs has nearly doubled since last year and hit a record high in January. An outbreak of avian influenza in primarily to blame, experts said.

by: MSN

Sony Raises Earnings Guidance on Strength in Game, Music Businesses

The Japanese entertainment and electronics company raised its annual earnings projections after its third-quarter net profit rose on strength in its game and music businesses.

by: MSN

Top 10 Attorneys of 2025 - Leading Legal Experts

The legal field is shaped by those who go beyond the courtroom to set new standards of excellence, advocacy, and influence. The Top 10 Attorneys of 2025 showcases the most distinguished legal minds making an impact in their respective fields.

by: MSN

Note to the White House: The U.S. Trade Deficit Is Homegrown

If President Trump were truly interested in eliminating the trade deficit, he could easily do so by balancing the federal government's budget.
  • Fri, February 14, 2025

by: fingerlakes1

Canandaigua officials talk DRI, major housing project, and public art initiative

The Canandaigua Planning and Finance Committee tackled key development and infrastructure issues during its February 10 meeting, covering the city's long-awaited downtown revitalization funding, a proposed housing subdivision, and a public art initiative aimed at enhancing community spaces.

by: MediaNama

Playing Cat And Mouse With Scammers: How Babu Pooniawalla Took Down Over 8300 Fake Apps

Pooniawalla lists suspicious apps on Twitter and an online dashboard, and has managed to get 8300+ pieces of fake apps removed so far.

by: Zawya

Saudi Arabia, Rwanda to establish joint business council

The forum explored investment opportunities in Rwanda, focusing on sectors like tourism, mining, and construction, and discussed strategies to increase trade and investment volumes

by: Moneycontrol

Hindalco sees neutral-to-positive impact on its US business from Trump tariff

Novelis, its US subsidiary that supplies premium aluminium sheet and foil products to the beverage can, automotive, aerospace and speciality markets, could actually benefit, said MD Satish Pai. The effect on parent Hindalco would be minimal since the US market constitutes a minuscule part of its exports.

by: cnbctv18

RBI penalises Nainital Bank and Ujjivan SFB for regulatory violations

RBI clarified that these penalties were imposed solely for regulatory lapses and do not affect the validity of any transactions between the banks and their customers.

by: Diginomica

Be my AI Valentine - 4 things businesses will love about AI agents

Could AI agents be the perfect match for productivity and innovation? Oracle's Miranda Nash explores the reasons for embracing AI to partner with employees for a long-lasting relationship.

by: Vanguard

Gov Eno's entrepreneurial development programmes in Akwa Ibom unveiled

The Akwa Ibom State Government has unveiled Governor Umo Eno's entrepreneurial programmes in the state barely two years after the launch of Made-In-Akwa Ibom Trade Fair and Ibom-LED Tailoring and Shoemaking Hub.

by: AOL

Can You Write Off Your Home Insurance on Your Taxes?

As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for every possible deduction to reduce their taxable income. One question you

by: Zawya

SAP debuts business data cloud with Databricks to turbocharge business AI

This landmark partnership between SAP and Databricks marks a new era in enterprise data management as two leaders in their domains come together to redefine how applications and data platforms work together.

by: Zawya

Qatar, Rwanda: Distinguished relations, bright prospects for economic and trade cooperation

by: AOL

Cybersecurity firm SailPoint returns to markets as the first major tech IPO of the year

SailPoint is the first big test of the tech IPO market in 2025, which is expected to see well-known names such as Stripe potentially debut as companies bank on a friendlier regulatory backdrop under President Trump.

by: Zawya

PwC Middle East's 2025 flagship Tax and Legal Seminar in Egypt spotlights AI, compliance, and policy changes

Under the theme "Connecting Experts, Creating Solutions" the seminar emphasized the importance of strategic collaboration between the public and private sectors

by: Forbes

How Open Finance Is Transforming Banking And Tech

By integrating advanced AI and machine learning technologies, we, just as other tech leaders can, are driving business growth and cultivating new financial ecosystems.

by: Reuters

Payments group Adyen's shares surge on full-year profit beat

Adyen's shares rose as much as 15% on Thursday after the Dutch payments company reported full-year core earnings above market expectations, and forecast higher net revenue growth and continued margin expansion in 2025.

by: Reuters

UK government pushes antitrust regulator to be 'less risk averse'

British business secretary Jonathan Reynolds on Thursday demanded the country's competition watchdog be "more agile" and "less risk averse," pushing the regulator to better align with the government's growth agenda.

by: Reuters

VW, Audi consider keeping combustion engines longer in Europe - Handelsblatt

German carmakers Volkswagen and Audi are considering allowing some combustion engine models to run longer in Europe, the Handelsblatt business news outlet reported on Thursday citing sources.

by: MSN

The Week in Numbers: Trump tariffs, and tech bros at war

From Donald Trump pressing ahead with tariffs, to Elon Musk and Sam Altman at odds again, we round up the big stories in business and finance over the week to. Francis Maguire reports.

by: MSN

Big Tech CEOs Join $1 Billion Rush for English Cricket

Indian industrialists, American sports investors and technology executives joined a bidding war for franchises in a startup cricket league

by: MSN

Starbucks' CEO is plotting a huge expansion in the Middle East and China

Starbucks plans to open 500 new stores in the Middle East and "many more thousands" in China, said Brian Niccol, the company's CEO.

by: MSN

New Boot Barn 'doing great business' since opening in Big Flats. What to know about store

"Boot Barn is something that was really needed in this area," said a manager as the new store plans its formal grand opening.

by: MSN

Starbucks' CEO is planning a huge expansion in the Middle East and China

Starbucks plans to open 500 new stores in the Middle East and "many more thousands" in China, said Brian Niccol, the company's CEO.

by: MSN

Meet Shapoor Mistry: The elder brother of Cyrus Mistry leading the 155-year-old Shapoorji Pallonji Group | Career, lifestyle, and net worth

Shapoor Mistry, the elder son of Pallonji Mistry, leads the 155-year-old Shapoorji Pallonji Group after the passing of his father and brother, Cyrus Mistry. Overseeing a $30 billion empire with an 18.

by: MSN

PAN and Aadhaar: What will be the effect of the new income tax bill on your PAN and Aadhaar, know full details here..

The new Income Tax Bill has been introduced in the Lok Sabha. Finance Minister Nirmala Sitharaman has introduced it. Through this bill, there will be many big and important changes related to income tax.

by: MSN

Oldest Black-owned business in Naples celebrates half a century

The British have enjoyed a Sunday roast for generations, but the tradition is changing. Chef Tom Kerridge, owner of the world's only two Michelin-starred pub, explained the dish's evolution - as well as what makes it so beloved.

by: MSN

Wall Street CEOs arrive at Washington to fix crypto debanking at the Hill

How a Risky State Investment in Seafood Cost Alaskans Millions and Left a Fishing Town in Crisis

Leaders of the Alaska Permanent Fund, which pays residents dividends and finances public services, wanted to invest in Alaska firms. There were warning signs ahead of the bet on Peter Pan Seafood, which is expected to cost Alaskans over $29 million.
The article from ProPublica discusses the financial and political entanglements of Peter Pan Seafood, a major Alaska seafood company, with the community of King Cove, Alaska. Peter Pan Seafood, which has been a significant employer in King Cove, faced financial difficulties leading to its sale to a group of investors including the Agdaagux Tribal Council, local fishermen, and a private equity firm, McKinley Capital Management. This sale was part of a broader strategy to keep the company local and operational, amidst concerns over its financial stability and the potential impact on the local economy. The investment was also influenced by political figures like Senator Lisa Murkowski, who has been a proponent of the company's success due to its importance to her constituents. However, the deal has raised questions about the sustainability of the business model, the influence of politics in business decisions, and the future of the seafood industry in Alaska, especially as it navigates issues like climate change, overfishing, and market competition.

Read the Full ProPublica Article at:
https://www.propublica.org/article/alaska-seafood-company-investment-king-cove

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