Six months after landing what’s billed as the single largest jobs announcement in New Orleans’ history, local and state officials and business leaders on Wednesday dedicated the DXC Technology Building, the Poydras Street high-rise that spent deca…
Wednesday, May 23, 2018
A federal bankruptcy judge has approved a bankruptcy reorganization plan for Harvey Gulf International Marine, a New Orleans-based company that provides offshore supply, crew and multipurpose construction and support vessels for Gulf of Mexico dee…
Tuesday, May 22, 2018
A record 1.2 million passengers traveled through Louis Armstrong International Airport in March, up 13.1 percent from a year earlier and nearly 100,000 more passengers than the facility's previous monthly high mark, officials said Tuesday.
Tuesday, May 22, 2018
CGI, the Canadian tech giant that moved into Lafayette four years ago, will hire 400 more workers by 2023, doubling its Acadiana workforce, Gov. John Bel Edwards said Tuesday.
Monday, May 21, 2018
New Orleans' emergence as a hub for business startups was not a surprise to Linda McMahon, the head of the U.S. Small Business Administration, who was in town Tuesday as part of her nationwide tour that will take her to each of the agency's 68 dis…
Average electricity costs for New Orleans residents could drop by $11 per month during the second half of the year, thanks to the federal tax cut that was passed by Congress in December, according to a preliminary plan that Entergy New Orleans is …
Monday, May 21, 2018
WASHINGTON — Facing the risk of a mutually harmful trade war, the world's two biggest economies have put their differences on hold. Yet it's far from clear that a fragile truce between the United States and China can hold.
Lafayette-based IberiaBank Corp., the largest financial institution headquartered in Louisiana, is closing or consolidating 22 branch locations this year.
Sunday, May 20, 2018
John Liljeberg Jr. and his brother, Robert, spent decades trying to build a nursing home in Kenner, near the Ochsner Medical Center there. Work began in the early 1980s, but long periods passed while the property sat idle.
Sunday, May 20, 2018
In four years, Hammond-based Gnarly Barley Brewing has established itself as one of the fastest growing craft breweries in the United States and is planning a major expansion.
Sunday, May 20, 2018
Friday, May 18, 2018
The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 1,046. Louisiana's count dipped by 1 to 61 rigs, which is down from 64 a year ago.
Thursday, May 17, 2018
WASHINGTON — Sugar growers scored a sweet victory on Capitol Hill over big candy and soda manufacturers on Thursday as Louisiana lawmakers and other opponents easily sent a proposal to gut sugar subsidies down to a bitter defeat.
The federal government has certified the 150 census tracts nominated by Gov. John Bel Edwards as Opportunity Zones, which will offer tax incentives through the Tax Cuts and Jobs Act designed to attract investment in low-income areas.
Citadel Completions will open an aircraft maintenance center in Lake Charles that will modify the interiors of jets, a move that will create 256 jobs.
Louisiana posted the country’s third-largest decline in real personal income in 2016, new federal data show, with incomes dropping 1.9 percent compared to the year before.
Wednesday, May 16, 2018
Waitr, the Lake Charles-based online restaurant delivery service for customers across Louisiana and into other markets, is being acquired by Texas billionaire Tilman Fertitta in a $308 million deal.
Entergy Louisiana’s $261 million plan to buy a 361-megawatt plant to be built in Washington Parish has been approved by state regulators.
Ochsner Health System and the Brees Dream Foundation have formed a partnership to raise $2.3 million for the Women’s Wellness and Survivorship Center located at Ochsner Baptist.
An applicant for one of the state’s nine medical marijuana pharmacy permits has filed suit against the state Board of Pharmacy over its decision to pick the fourth-place finisher for the license in the New Orleans region.
The New Orleans Convention & Visitors Bureau is rebranding itself to reflect a greater emphasis on all the people who contribute to the city’s chief economic engine, the group announced Wednesday.
Targeting a longstanding problem in the technology sector, local officials are launching an apprenticeship program, used by a handful of other cities, to bolster the tech workforce in Baton Rouge.
Tuesday, May 15, 2018
Hibernia Bancorp Inc., the holding company of Hibernia Bank, reported first-quarter net income of $41,000, or 5 cents per share, compared to net income of $83,000, or 11 cents per share, a year ago.
The owner of a Slidell construction firm caught up in a federal grand jury investigation into First NBC Bank founder Ashton Ryan Jr. was charged in federal court Monday with conspiracy to defraud the failed New Orleans bank.
Monday, May 14, 2018
Pan-American Life Insurance Group announced a $1 million donation to the National WWII Museum to support its newest virtual experience titled "Los Veteranos: Latinos in World War II."
Louisiana’s overall gambling revenues were down in April from the year before, with New Orleans recording the worst performance of any of the state’s casino markets with a 17.4 drop in year-to-year winnings.
Sunday, May 13, 2018
Saturday, May 12, 2018
In a move with more symbolic than practical importance, the offshore service vessel company Tidewater is winding down its local operations in favor of Houston after more than six decades of being headquartered in New Orleans.
Friday, May 11, 2018
The head of a public relations firm that Entergy New Orleans hired to lobby the New Orleans City Council tried to deflect blame Friday for a scheme in which actors were paid to show up at council meetings and pose as supporters of a proposed new p…
Mardi Gras World reopened to tours Friday, four days after a line of drifting barges smashed into a Mississippi River wharf, collapsing a walkway and causing part of the massive Carnival facility's warehouse for floats to sag down near the water.
The Purge, a USA Network television series, began filming this week in the New Orleans area for a 10-episode season that’s scheduled to air in the fall.
Thursday, May 10, 2018
Methanex said it continues to make “good progress” toward a $1 billion expansion of its Geismar plant, but won’t make a final decision on adding a third methanol production facility to the complex until mid-2019 at the earliest.
Southern University has signed a contract for the school’s medical marijuana program with Advanced Biomedics on assurances the two biggest owners of the Lafayette company are working to resolve their feud over the negotiation process and ownership…
Wednesday, May 09, 2018
A recently renovated 17-story apartment building in the Central Business District was sold this week for nearly $27.6 million to Florida-based Bluegreen Vacations, which sells timeshares and manages resorts in the U.S. and the Caribbean.
A U.S. Youth Soccer regional tournament is expected to pump $20 million into the Baton Rouge economy in 2019, with more than 200 boys and girls teams competing in a return of the tournament to the city.
Louisiana’s chemical industry accounts for $79.7 billion in sales and $15.7 billion in household earnings in the state, according to a new industry-backed study.
Tuesday, May 08, 2018
Plans to demolish the former Times-Picayune building alongside the Pontchartrain Expressway and build a high-tech golf and entertainment center at the site cleared another hurdle on Tuesday.
State Farm, Louisiana’s largest auto insurer, will cut rates for around a million customers by nearly 3 percent on average this summer, stemming a trend of soaring rates in recent years.
New Orleans-based Gulf Coast Bank & Trust Co. has acquired Phoenix Capital Group LLC, an Arizona-based provider of working capital and related services to the transportation industry.
The Louisiana Tumor Registry at LSU Health New Orleans School of Public Health has been awarded a one-year, $1.8 million contract by the National Cancer Institute, with a potential of $17.7 million total over 10 years, to continue its cancer regis…
Lafayette-based PetroQuest Energy Inc. posted a first-quarter loss of $2.2 million, or 9 cents per share, compared to a $4.9 million loss, or 23 cents per share, for the same period last year.