Business Briefs

Posted: Thursday, January 04, 2001

Millennium Calendar nets $1,000 prize

Katherine Beatty of Sterling was the winner of $1,000 from the Soldotna Chamber of Commerce 2000 Millennium Calendar drawing on New Year's Eve.

The chamber printed the calendars, sold them for $15 each and entered the names of buyers in daily drawings for prizes. It gave away more than $8,000 in prizes last year, culminating with Beatty's $1,000 on Sunday.

The chamber has printed 1,000 of its new 2001 Millennium Calendars, whose buyers will be entered in daily drawings for prizes worth more than $10,600 in total.

The 2001 calendars are on sale at the chamber office and the Rippie Chamber. The Soldotna High School cheerleaders are selling them at Coffee Concepts and The Travel Place. The Peninsula Grace Brethren Church youth group is selling them at the church on Kalifornsky Beach Road. Other youth groups also can sell calendars, the chamber said. Youth groups receive $2 for each calendar they sell. For information, call the chamber at 262-9814.

Soldotna chamber speakers announced

January speakers at the Soldotna Chamber of Commerce are Andrew Carmichael, Soldotna parks and recreation director on Jan. 9; Blythe Campbell on the BP Classic on Jan. 16; Mark Gregory of the Small Business Development Center on Jan. 23 and Faron Owen on the Peninsula Winter Games on Jan. 30. Chamber luncheons are Tuesdays at noon at Riverside House.

Phillips closes sale of Canadian properties

Phillips Petroleum Co. completed the sale of certain Canadian properties to Apache Corp. for $490 million on Dec. 29. Managers expect roughly $470 million in after-tax proceeds, boosting Phillips' fourth-quarter 2000 net income by $110 million.

The sale included Phillips' oil and gas producing properties in the Zama area of northwest Alberta. Phillips retains various non-operating interests in Alberta and British Columbia.

Phillips' year-end 2000 debt was roughly $6.9 billion, for a debt-to-capital ratio of about 51 percent. That is down from 61 percent following Phillips' acquisition of Arco Alaska Inc. in April.

Peninsula's November unemployment announced

November unemployment in the Kenai Peninsula Borough was 9 percent, up from 8.4 percent in October but down from 11.1 percent in November 1999. There were 19,002 wage-and-salary jobs, up from 18,839 in October and from 17,950 in November 1999, according to Alaska Department of Labor and Workforce Development statistics.

The statewide unemployment rate was 5.8 percent in November, up from 5.5 percent in October but down from 5.9 percent in November 1999.

Statewide, there were 4,700 more jobs in November 2000 than there were in November 1999, with gains in the service, oil, retail, transportation and construction industries. The only sectors that lost jobs were finance, seafood processing and timber.

There were 8,000 fewer jobs in November than in October 2000, thanks to seasonal job losses in the construction, hotel and seafood processing industries. The retail sector gained jobs for the holiday season.

Home loan delinquency rate falls

The October delinquency rate for Alaska Housing Finance Corp. loans, except those for mobile homes, was 2.18 percent, down from 4.27 percent in September and from 2.62 percent in October 1999. The delinquency rate for mobile home loans was 7.02 percent, down from 10.1 percent in September and from 8.39 percent in October 1999.

AHFC had 29,143 active loans in October, up from 28,900 in September and from 27,236 in October 1999.

--Staff reports

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