Five of Louisiana's nine metro areas added jobs over the 12 months ending Feb. 28, with Baton Rouge and Lake Charles leading the charge.
Tuesday, March 28, 2017
Tidewater Inc., a New Orleans-based offshore service vessel company, said its latest extension from lenders and noteholders expired on Monday, without the company seeking a renewal of the waiver.
Monday, March 27, 2017
Robert M. Stuart Jr., head of middle market commercial banking for Capital One, will retire April 1 after more than 37 years with Capital One and its predecessors.
Sunday, March 26, 2017
An $80 million Australis Oil & Gas Co. deal for Encana Corp.'s remaining acreage in the Tuscaloosa Marine Shale is an encouraging sign, but oil prices will continue to limit the amount of new drilling, industry experts say.
Sunday, March 26, 2017
Friday, March 24, 2017
HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by 20 this week to 809. Louisiana edged down two rigs to 53, but remained two above a year ago.
Thursday, March 23, 2017
The school board in a south Texas community competing with two Louisiana sites has approved an estimated $1.2 billion in tax breaks to entice Exxon Mobil Corp. and its Saudi partner to build a $9.3 billion petrochemical plant within its district a…
Wednesday, March 22, 2017
NEW ORLEANS — Oil companies have offered $274.8 million for this year's central Gulf of Mexico oil leases, more than last year but only about half the amount bid in 2015.
As Netflix has grown into a global internet TV powerhouse, company officials have had to strike a balance: giving consumers a voice in product development but also trying to make sense of the extensive amount of data it collects on the habits of i…
Sears, once the monolith of American retail, says that there is "substantial doubt" that it will be able to keep its doors open.
Tuesday, March 21, 2017
LSU has pushed back the deadline to submit offers to operate its planned medical marijuana business to March 31. The original deadline was March 21.
Sunday, March 19, 2017
Sunday, March 19, 2017
Friday, March 17, 2017
HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by 21 this week to 789. Louisiana dipped one rig to 55, but was up six rigs from a year ago.
Building on the buzz of Louisiana's nascent tech scene, New Orleans Entrepreneur Week saw its attendance spike by nearly 25 percent last year, helping showcase the industry's local growth and the city's ongoing efforts to bolster its business clim…
Four of the state's nine metro areas added jobs over the 12 months through January, but those additions weren't enough to offset job losses throughout the rest of the state.
Thursday, March 16, 2017
La Madeleine, a French baker-cafe chain, is looking for a buyer for its seven Louisiana restaurants, as well as those in Houston, Atlanta, Austin and Washington, D.C.
Wednesday, March 15, 2017
Five Louisiana startups — showcasing products that range from a self-rinsing mopping system to a virtual reality arcade — will compete for a $10,000 prize package during a live-pitch contest to coincide with New Orleans Entrepreneur Week.
Baton Rouge-based Investar Holding Corp. plans public offerings of debt and $30 million worth of common stock to help cover a portion of the recently announced Citizens Bank of Ville Platte acquisition and for general corporate purposes.
Monday, March 13, 2017
Louisiana lost 13,000 nonfarm jobs over the 12 months ending in January, with the biggest losses in the oil and gas and information industries.
Sunday, March 12, 2017
Rates charged by Louisiana's largest auto insurers have been on a double-digit run, mirroring a national trend the industry says is fueled by more accidents and a spike in claims costs.
Louisiana could soon take more steps toward developing deeper relations with Cuba, even though federal restrictions continue to hamper trade efforts.
When Todd Andrews and his father, Al, set out to design a new line of athletic wear, they had a checklist in mind for the perfect fabric: something lightweight, breathable and chemical-free that would wick moisture away from skin and offer protect…
Friday, March 10, 2017
The number of rigs exploring for oil and natural gas in the U.S. increased by 12 this week to 768. Louisiana's count was up five to 56, which is seven higher than a year ago.
An investment group led by New Orleans Saints quarterback Drew Brees is plowing $10 million into Louisiana-based restaurant food delivery company Waitr.
Thursday, March 09, 2017
FORT WORTH, Texas — RadioShack has filed for Chapter 11 bankruptcy protection for the second time in just over two years, putting the future of the nearly 100-year-old electronics retailer in doubt.
ALEXANDRIA — Two Gannett Co. daily newspapers in Louisiana and one in Mississippi announced plans to cut their print editions to three days a week, beginning April 5.
Wednesday, March 08, 2017
Home health care provider LHC Group Inc. reported fourth-quarter net income of $9.8 million, or 55 cents per share, compared to $7.7 million, or 44 cents per share, a year ago.
The parent company of Investar Bank is buying Citizens Bank of Ville Platte for $45.8 million, a move that will give it three more locations in Acadiana.
Lafayette-based IberiaBank Corp. has closed the public offering of 6.1 million shares of its common stock and will use the $506.3 million raised before expenses to cover part of the acquisition price of Sabadell United Bank.
Tuesday, March 07, 2017
PetroQuest Energy Inc. in Lafayette reported a net loss of $9.6 million, or 46 cents per share, for the fourth quarter, compared to a $64.7 million loss, or $3.94 per share, a year earlier when it had a $40.3 million write-down.
Monday, March 06, 2017
The National Labor Relations Board has approved a $7.33 million settlement between the United Steelworkers and the owners of a salt mine in Cote Blanche, ending a dispute that started seven years ago.
Exxon Mobil Corp.'s new chief executive recommitted the company to a 10-year program that started in 2013 to expand the company's manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion to take advantage of the …
Some 73 million acres offshore from Louisiana, Texas, Mississippi, Alabama and Florida will be put up for lease in the Gulf of Mexico in August for oil and gas exploration and development.
Sunday, March 05, 2017
Friday, March 03, 2017
Even though CB&I announced plans to sell off its Capital Services business unit, which has 1,500 employees in Baton Rouge and surrounding areas, the company will still maintain a significant presence in the area.
The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 756. Louisiana's count gained two to 51 for the week, up five from a year ago.
Thursday, March 02, 2017
Undergraduate business students at the University of Louisiana at Lafayette have joined MBA students in the X-Culture competition, testing their skills against an international field, according to a university news release.