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BUSINESS NEWS
Forum encourages minority business owners to seek out opportunities
by
Jaquetta White, The Times-Picayune
Thursday July 03, 2008, 4:58 PM
Using the empowerment theme that permeates this weekend's Essence Music Festival as a backdrop, Lt. Gov. Mitch Landrieu's office hosted a forum Thursday to encourage particularly minority and women small business owners to seek out business opportunities in Louisiana and educate them on how to do so.
Two new leaders appointed in state Department of Culture
by
The Times-Picayune
Thursday July 03, 2008, 11:54 AM
Lt. Gov. Mitch Landrieu has tapped two new leaders in the state Department of Culture, Recreation, and Tourism. Pam Breaux has been named as acting Secretary of the Department, and Scott Hutcheson will replace Breaux as Assistant Secretary for Cultural Development.
Bayou Bend will plug and abandon Haystack Prospect in the Gulf of Mexico
by
The Times-Picayune
Thursday July 03, 2008, 11:10 AM
Bayou Bend Petroleum Ltd. of New Orleans said this morning that it is in the process of plugging and abandoning its Haystack Prospect in the Gulf of Mexico.
Continue reading "Bayou Bend will plug and abandon Haystack Prospect in the Gulf of Mexico" »Average local price of gasoline stands at $3.973 a gallon this morning
by
The Times-Picayune
Thursday July 03, 2008, 10:05 AM
The average price of unleaded gasoline in the metro area hit a new all-time high of $3.973 a gallon this morning, according to AAA.
Continue reading "Average local price of gasoline stands at $3.973 a gallon this morning" »Third ratings group in as many days upgrades position on Louisiana's debt
by The Times-Picayune
Thursday July 03, 2008, 9:51 AM
For the third time in as many days, a credit ratings group has upgraded its position on Lousiana's debt.
Continue reading "Third ratings group in as many days upgrades position on Louisiana's debt" »John Georges' company acquires Bossier City food distributor
by The Times-Picayune
Thursday July 03, 2008, 9:20 AM
A company controlled by former gubernatorial candidate John Georges has acquired Harrison Company, a Bossier City food distributor.
Lafayette insurance agent arrested for alleged misappropriation of funds
by The Times-Picayune
Thursday July 03, 2008, 7:10 AM
A Lafayette insurance agent was arrested this week for alleged misappropriation of funds and felony theft.
LSU international programs merge
by The Times-Picayune
Thursday July 03, 2008, 7:00 AM
The Louisiana State University AgCenter and the LSU A&M campus in Baton Rouge have merged their international programs into one office.
Continue reading "LSU international programs merge" »Officials from state, FEMA still working out insurance requirements for non-profits
by Rebecca Mowbray, The Times-Picayune
Wednesday July 02, 2008, 5:59 PM
Officials from the state and the Federal Emergency Management Agency say they're confident they can soon iron out glitches with an effort to waive certain insurance requirements that local governments and non-profits must meet in order to qualify for future federal disaster assistance.
Ruling calls for credits on Entergy Louisiana bills
by Rebecca Mowbray, The Times-Picayune
Wednesday July 02, 2008, 4:18 PM
Entergy Louisiana LLC may have to credit customers' bills after a decision by the Louisiana Supreme Court Tuesday resolving a dispute about how certain power costs should factor into rates.
Moody's upgrades ratings on Louisiana bonds
by The Times-Picayune
Wednesday July 02, 2008, 2:50 PM
Moody's said this afternoon that it has upgraded its rating on Louisiana's general obligation bonds to A1 from A2 based on the state's financial strength and recovery since Hurricane Katrina.
Continue reading "Moody's upgrades ratings on Louisiana bonds" »Isle of Capri posts net loss during fourth quarter
by The Times-Picayune
Wednesday July 02, 2008, 12:39 PM
Isle of Capri Casinos, Inc., a St. Louis gaming company that operates a riverboat casino in Lake Chrles, reported a net loss during the fourth quarter.
Scalise to file energy bill
by Jen DeGregorio, The Times-Picayune
Wednesday July 02, 2008, 12:08 PM
Under a towering Chevron sign advertising $3.99 for a gallon of regular gas, freshman Congressman Steve Scalise, R-Metairie, unveiled on Wednesday his version of a plan to lower national energy prices by expanding offshore drilling.
Fugitive hedge fund manager and New Orleans native Samuel Israel surrendered to police this morning
by The Times-Picayune
Wednesday July 02, 2008, 11:23 AM
Samuel Israel, a New Orleans native and fugitive hedge fund manager who went missing last month before he was due to report to prison, surrendered this morning to police in Massachusetts.
Continue reading "Fugitive hedge fund manager and New Orleans native Samuel Israel surrendered to police this morning" »Average local gas price stands at $3.971 a gallon this morning
by The Times-Picayune
Wednesday July 02, 2008, 10:33 AM
The average gasoline price in the metro New Orleans area is $3.971 a gallon this morning, up from $3.966 a gallon on Tuesday, according to AAA.
Continue reading "Average local gas price stands at $3.971 a gallon this morning" »Company that once owned the Fair Grounds takes steps to liquidate itself
by The Times-Picayune
Wednesday July 02, 2008, 7:10 AM
Gentilly Racing Corp., the company that sold the Fair Grounds Race Course in New Orleans to Churchill Downs four years ago, has taken initial steps to liquidate itself after emerging from chapter 11 bankruptcy.
Louisiana corn harvest likely to diminish in acreage this year, USDA says
by The Times-Picayune
Wednesday July 02, 2008, 7:00 AM
An estimated 500,000 acres of corn is expected to be harvested in Louisiana this year.Louisiana farmers expect to harvest 32 percent fewer acres of corn in 2008 than they did in 2007, according to figures released by the U.S. Department of Agriculture.
Continue reading "Louisiana corn harvest likely to diminish in acreage this year, USDA says" »Local governments, hospitals, schools may be ineligible for disaster assistance next time around
by Rebecca Mowbray, The Times-Picayune
Tuesday July 01, 2008, 6:36 PM
If a hurricane hits this season, some local governments, hospitals, schools and museums might find themselves ineligible for federal disaster assistance because of a Federal Emergency Management Agency requirement that they carry more insurance than what may be realistically available on the market.
Standard & Poor's raises Louisiana's debt ratings
by The Times-Picayune
Tuesday July 01, 2008, 3:00 PM
Standard & Poor's Ratings Services said today that it has raised its general obligation debt ratings on the state of Louisiana by one notch to A+ from A.
Continue reading "Standard & Poor's raises Louisiana's debt ratings" »Omni Oil & Gas sells Louisiana acreage
by The Times-Picayune
Tuesday July 01, 2008, 2:20 PM
Omni Oil & Gas, Inc., a Dallas energy company, said today that it has sold approximately 344 acres of land in Louisiana's DeSoto Parish for $1.25 million. The land was sold to an unnamed independent oil and gas company.
'Natural' foods are not precisely defined by federal regulators, IFT panelists say
by The Times-Picayune
Tuesday July 01, 2008, 1:57 PM
Foods that are branded "natural" may sound fresher, safer, or more healthful.
Average local gasoline price stands at $3.966 a gallon this morning
by The Times-Picayune
Tuesday July 01, 2008, 9:29 AM
The average price of gasoline in the metro New Orleans area stands at a new high of $3.966 a gallon this morning, up from $3.964 a gallon on Monday, according to AAA.
Continue reading "Average local gasoline price stands at $3.966 a gallon this morning" »Shaw Group gives two executives new positions
by The Times-Picayune
Tuesday July 01, 2008, 7:10 AM
The Shaw Group of Baton Rouge has given two executives new positions with the company.
New Orleans potter launches web site to promote local art
by The Times-Picayune
Tuesday July 01, 2008, 7:00 AM
New Orleans artist Kate Tonguis has launched a web page called www.NewOrleansWholesaleArtisans.com to bolster the diminished pace of local art sales in the wake of Hurricane Katrina.
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