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  • NEW ORLEANS— Federal prosecutors hoping to win reinstatement of an obstruction of justice conviction against a former BP engineer will argue their case next month at an appeals court in New Orleans. Prosecutors accused Kurt Mix of deliberately deleting text messages about the amount of oil flowing from BP's Macondo well after the 2010 Deepwater Horizon...

  • LAS VEGAS— A federal judge in Chicago ruled Wednesday that a bankrupt division of Caesars Entertainment Corp. can tap some of the $847 million in cash it has on hand for at least five weeks. Judge Benjamin Goldgar said Caesars Entertainment Operating Co. could access its cash in the interim despite objections from some of the company's creditors.

  • PetroQuest beats 4Q profit forecasts Wednesday, 4 Mar 2015 | 6:33 PM ET

    LAFAYETTE, La. _ PetroQuest Energy Inc. on Wednesday reported fourth-quarter earnings of $3 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Seven analysts surveyed by Zacks expected $53.2 million.

  • US running out of room to store oil; price collapse next? Wednesday, 4 Mar 2015 | 11:51 AM ET

    That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, according to the Energy Department. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • Amedisys meets 4Q profit forecasts Wednesday, 4 Mar 2015 | 7:18 AM ET

    BATON ROUGE, La. _ Amedisys Inc. on Wednesday reported fourth-quarter net income of $9.1 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 27 cents per share. Amedisys shares have risen 2 percent since the beginning of the year.

  • NBC's 'Parks and Recreation' says farewell Tuesday, 3 Mar 2015 | 4:05 PM ET

    NEW YORK— Viewers said farewell to Amy Poehler and the gang of Pawnee, Indiana, bureaucrats on NBC's " Parks and Recreation," in a finale that made more of a dent online than on television. CBS' duo of "NCIS" and "The Big Bang Theory" led the ratings last week, as is often the case. CBS easily won the week in prime-time, averaging 9.2 million viewers.

  • Nielsen's top programs for Feb. 23-March 1 Tuesday, 3 Mar 2015 | 3:53 PM ET

    1. "NCIS," CBS, 17.38 million. 2. "The Big Bang Theory," CBS, 16.67 million. 7. "NCIS: New Orleans," CBS, 13.71 million.

  • BATON ROUGE, La.— Louisiana's business-lobbying groups are calling a centerpiece of Gov. The Louisiana chapter of the National Federation of Independent Business outlined its criticism Tuesday, along with the Louisiana Oil and Gas Association. Scaling back the credit "would drive us down the rankings of business-friendly states, throw sand in the gears of our...

  • Oil glut at a glance: Where the US stores its oil Tuesday, 3 Mar 2015 | 1:06 PM ET

    Cushing, Oklahoma, 82 million barrels. Houston, Texas, 36 million barrels. Beaumont- Nederland, Texas, 30 million barrels.

  • That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • Popeyes CEO on rivals, why deep-fried wins on menus Tuesday, 3 Mar 2015 | 10:03 AM ET

    NEW YORK— Popeye's CEO Cheryl Bachelder isn't shy about sharing her opinion of competitors' chicken. The 58- year-old executive's frankness isn't surprising considering Popeye's turnaround during her tenure represents a vindication of sorts. Since then, Popeye's Louisiana Kitchen has been playing up its regional identity and remodeling stores to be more...

  • IOWA CITY, Iowa— Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions. Taser is planning to send two of them to speak at luxury hotels in Australia and the United Arab...

  • Globalstar posts 4Q profit Monday, 2 Mar 2015 | 5:52 PM ET

    COVINGTON, La. _ Globalstar Inc. on Monday reported fourth-quarter net income of $92 million, after reporting a loss in the same period a year earlier. The Covington, Louisiana- based company said it had profit of 8 cents per share. For the year, the company reported that its loss narrowed to $462.9 million, or 50 cents per share.

  • NEW ORLEANS— A federal lease sale offering 21 million acres in the western Gulf of Mexico for oil and gas exploration and development is set for August. The Bureau of Ocean Energy Management announced Monday that the sale of leases for areas off the Texas coast will take place in New Orleans. The August sale of leases for western Gulf tracts will follow a planned...

  • FairPoint more attractive to buyers with new labor pact Saturday, 28 Feb 2015 | 9:19 AM ET

    PORTLAND, Maine— FairPoint Communications said it needed to bring costs and benefits into sync with competitors in the telecommunications industry. Workers said during a four-month strike in northern New England that the company was positioning itself for potential sale, and a Wall Street analyst said shareholders are pressing for one.

  • Homeland Security gets one-week funding lifeline Saturday, 28 Feb 2015 | 7:28 AM ET

    Republicans only narrowly manage to avert a partial shutdown of the Department of Homeland Security, the New York Times reports.

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • Ted Cruz of Texas told an influential anti-tax group Friday that he opposes Common Core education standards, a day after potential GOP presidential rival Jeb Bush endorsed the program. Cruz described Common Core as "national standards being dictated from Washington" during an appearance at the Club for Growth's annual winter meeting. Cruz and Bush are among...

  • Cleco posts 4Q profit Friday, 27 Feb 2015 | 4:52 PM ET

    PINEVILLE, La. _ Cleco Corp. on Friday reported fourth-quarter net income of $21.3 million. Cleco expects full-year earnings in the range of $2.28 to $2.38 per share. Cleco shares have dropped slightly since the beginning of the year.

  • NEW YORK, Feb 27- U.S. "Gold's just not in vogue right now and the average investor is trying to chase the stock market," said David Beahm, executive vice president for Blanchard& Co, a large precious metals retailer in New Orleans. Meanwhile, the spot gold market has been rangebound between $1,130- $1,392 per ounce for the past year.