Alaska

Today in History: January 3, Alaska becomes the 49th state – The Boston Globe

Published

5 months ago

January 3, 2024

In 1861, more than two weeks before Georgia seceded from the Union, the state militia seized Fort Pulaski at the order of Governor Joseph E. Brown. The Delaware House and Senate voted to oppose secession from the Union.

In 1868, the Meiji Restoration re-established the authority of Japan’s emperor and heralded the fall of the military rulers known as shoguns.

In 1959, Alaska became the 49th state as President Dwight D. Eisenhower signed a proclamation.

In 1961, President Dwight D. Eisenhower announced the United States was formally terminating diplomatic and consular relations with Cuba.

In 1967, Jack Ruby, the man who shot and killed Lee Harvey Oswald — the accused assassin of President John F. Kennedy — died in a Dallas hospital.

In 1977, Apple Computer was incorporated in Cupertino, California, by Steve Jobs, Steve Wozniak and Mike Markkula Jr.

In 1990, ousted Panamanian leader Manuel Noriega surrendered to U.S. forces, 10 days after taking refuge in the Vatican’s diplomatic mission.

In 2002, a judge in Alabama ruled that former Ku Klux Klansman Bobby Frank Cherry was mentally competent to stand trial on murder charges in the 1963 Birmingham church bombing that killed four black girls. (Cherry was later convicted, and served a life sentence until his death in November 2004.)

In 2007, Gerald R. Ford was laid to rest on the grounds of his presidential museum in Grand Rapids, Michigan, during a ceremony watched by thousands of onlookers.

In 2008, Illinois Senator Barack Obama won Democratic caucuses in Iowa, while Mike Huckabee won the Republican caucuses.

In 2013, students from Sandy Hook Elementary School in Newtown, Connecticut, reconvened at a different building in the town of Monroe about three weeks after the massacre that had claimed the lives of 20 first-graders and six educators.

In 2018, President Trump signed an executive order disbanding the controversial voter fraud commission he had set up to investigate the 2016 presidential election after alleging without evidence that voting fraud cost him the popular vote; the White House blamed the decision to end the panel on more than a dozen states that refused to cooperate.

In 2020, the United States killed Iran’s top general in an airstrike at Baghdad’s international airport; the Pentagon said General Qassem Soleimani, the head of Iran’s elite Quds force, had been “actively developing plans to attack American diplomats and service members” in Iraq and elsewhere. Iran warned of retaliation.

In 2022, a jury in California convicted Elizabeth Holmes of duping investors into believing that her startup company Theranos had developed a revolutionary medical device that could detect diseases and conditions from a few drops of blood.

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Alaska

Principal Securities Inc. Buys Shares of 1,006 Alaska Air Group, Inc. (NYSE:ALK)

Published

49 mins ago

May 27, 2024

Press Room

Principal Securities Inc. bought a new stake in Alaska Air Group, Inc. (NYSE:ALK – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,006 shares of the transportation company’s stock, valued at approximately $39,000.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Alaska Air Group by 1,676.8% in the fourth quarter. International Assets Investment Management LLC now owns 149,089 shares of the transportation company’s stock valued at $58,250,000 after buying an additional 140,698 shares during the period. Wellington Management Group LLP grew its position in shares of Alaska Air Group by 16.3% in the third quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after purchasing an additional 358,749 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Alaska Air Group in the fourth quarter valued at $2,813,000. Deutsche Bank AG grew its position in shares of Alaska Air Group by 63.4% in the third quarter. Deutsche Bank AG now owns 366,619 shares of the transportation company’s stock valued at $13,594,000 after purchasing an additional 142,310 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Alaska Air Group by 4.2% in the third quarter. Northern Trust Corp now owns 1,024,259 shares of the transportation company’s stock valued at $37,980,000 after purchasing an additional 41,068 shares in the last quarter. 81.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on Alaska Air Group from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. TD Cowen lifted their price target on Alaska Air Group from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, April 19th. UBS Group assumed coverage on Alaska Air Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $54.00 price target for the company. Wolfe Research upgraded Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Alaska Air Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $51.00 in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.60.

Check Out Our Latest Research Report on ALK

Alaska Air Group Price Performance

ALK opened at $42.70 on Monday. The stock has a 50-day moving average price of $42.57 and a 200-day moving average price of $39.10. Alaska Air Group, Inc. has a 12-month low of $30.75 and a 12-month high of $57.18. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $5.42 billion, a P/E ratio of 22.83, a PEG ratio of 0.57 and a beta of 1.60.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.17. Alaska Air Group had a return on equity of 13.54% and a net margin of 2.34%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business earned ($0.62) EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts predict that Alaska Air Group, Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Andrew R. Harrison sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $38.36, for a total value of $249,340.00. Following the completion of the sale, the executive vice president now owns 26,048 shares of the company’s stock, valued at approximately $999,201.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Alaska Air Group Profile

(Free Report)

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.

Potential for an ammonia leak at UAA Alaska Sports Complex

Published

8 hours ago

May 27, 2024

Press Room

Potential for an ammonia leak at UAA Alaska Sports Complex

ANCHORAGE, Alaska (KTUU) -The University of Alaska Anchorage Incident Management Team said they discovered Friday the potential for an ammonia leak, leading to the evacuation and closure of three buildings and two sections of the inconic walkway known as the Spine. Those sections are the parts leading to the Student Union and the AVIS Alaska Sports Comlex.

There was a small ammonia leak on campus earlier in May, said Ryan Buchholdt, UAA’s vice chancellor for Administrative Services. A crew was isolating and working on remediation steps and repairs on that incident when Buchholdt said maintenance workers became concerned over the potential for another leak. Buchholdt said workers alerted campus leadership for the potential of a new leak, leading to them working with municipal and a hazardous materials team to understand risks associated with the potential leak.

There is no active leak, Buchholdt said, and the university is taking an “abundance of caution,” if there’s another ammonia release.

“With summer weather they were worried that the pressure could rise,” Buchholdt said. “If it started to leak again it could cascade.”

The recent, potential leak stemmed from the ice plant system which is used to maintain the ice in the AVIS Alaska Sports Complex on campus. Buildings and walkways within roughly 200 feet of the system are now closed: The AASC, Student Union, General Support Services and Enrollment Services building are all closed until further notice.

Buchholdt described ammonia as a toxic, fast-acting gas with corrosive effects.

“Ammonia is a very hazardous gas,” he said. “If you breathe it in it can damage your lungs. It can kill. It’s also a very corrosive gas so it can eat through metal fairly quickly if it’s not controlled.”

According to Buchholdt, all of the ammonia is contained within the ice plant itself, which means if there is a leak it will be contained within the building unless it escapes.

“One of our concerns is, if it’s a slow leak becomes manageable, if it’s a large release that’s something that could get outside of the facility and be a danger to the campus population,” he said.

Buchholdt said UAA prides itself on making sure the community is safe and responsive when there is a safety concern. The Incident Management Team said they have not identififed public health risks. The Anchorage Fire Department, which is helping assist with the situation, said Saturday that they’ve discussed potential outcomes and don’t have critical concerns. The IMT said they’re continuing to actively respond to and invesetigate the potential for a leak. here were people in the area at the time of the potential leak, but UAA moved some scheduled events to other buildings on campus.

Buchholdt maintains that risk remains until a contractor comes to address issues in the ice plant system. He said UAA has experienced difficulties getting a contractor on site to pull ammonia from the ice plant system and plans to have one on Monday or Tuesday.

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Alaska

Senator demands answers after American flag reportedly banned from beloved national park: ‘This is an outrage’

Published

15 hours ago

May 26, 2024

Press Room

Senator demands answers after American flag reportedly banned from beloved national park: ‘This is an outrage’

Officials at Alaska’s famed Denali National Park are in hot water after allegedly telling construction crews at the park not to fly the American flag.

Sen. Dan Sullivan, R-Alaska, penned a letter to National Park Service Director Charles Sams demanding an explanation for the actions of officials at Denali National Park, pointing out that the demand for the construction crew to remove the flag was made on the “eve of Memorial Day weekend.”

News of the alleged incident appears to have originated in a report by the Alaska Watchman, a local conservative publication that cited an anonymous construction worker at the park.

Fox News Digital has been unable to independently verify the details of the report.

In his letter, Sullivan explained that one of the construction vehicles involved in the project had a 3 x 5 foot American flag affixed to it, but for “reasons that remain unclear, someone at the National Park Service (NPS) caused the construction crew to remove the American flag.”

“This is an outrage – particularly in the lead-up to our most solemn national holiday, Memorial Day, a time when Americans come together to honor those that gave their lives in service to our nation, while wearing our country’s flag,” Sullivan wrote. “The American flag, especially on Memorial Day weekend, should be celebrated, not censored by federal government employees.”

The Alaska senator noted that he could find no regulations that would prohibit the flying of American flags on public land, arguing that such a regulation would be odd given that the purpose of national parks is for “the enjoyment of American citizens.”

Sullivan concluded by demanding that Sams investigate the incident and take steps to “ensure an incident like this does not happen again in American national parks.”

The incident also sparked an apparent protest from Alaska residents, who have organized a “patriotic convoy with flags” from Fairbanks, Alaska, to Denali National Park on Sunday.

The protest, which was organized on Facebook, had 23 confirmed participants and over 100 interested as of Sunday morning.

The National Park Service and Denali National Park did not immediately respond to a Fox News Digital request for comment.

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