• 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.

  • PHI Inc. posts 4Q profit Friday, 27 Feb 2015 | 3:43 PM ET

    LAFAYETTE, La. _ PHI Inc. on Friday reported fourth-quarter net income of $7.4 million. PHI Inc. shares have dropped 4 percent since the beginning of the year. Keywords: PHI Inc., Earnings Report.

  • Recalls this week: hand trucks, ceiling fans Friday, 27 Feb 2015 | 3:10 PM ET

    DETAILS: Cosco Home& Office Products 3- in-1 convertible aluminum hand trucks with model numbers 12-301 ABL and 12-301 ABL1. They were manufactured from January 2009 to October 2011. They were sold at Ace Hardware, Costco Wholesale Club, Lowe's, Price Mart and United Stationers and online at The Home Depot.com from March 2009 to October 2011.

  • US rig count decreases 43 to 1,267 Friday, 27 Feb 2015 | 2:49 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices. Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, Colorado three and Wyoming two.

  • Correction: Earns-LHC Group story Friday, 27 Feb 2015 | 2:22 PM ET

    LAFAYETTE, La.— In a Feb. 26 story about the financial results of LHC Group Inc., The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company missed Wall Street profit expectations. LHC Group beats 4 Q net income, revenue forecasts. LAFAYETTE, La.— LHC Group Inc. on Wednesday...

  • Gulf Island Fabrication posts 4Q loss Friday, 27 Feb 2015 | 5:13 AM ET

    HOUMA, La. _ Gulf Island Fabrication Inc. on Thursday reported a loss of $111,000 in its fourth quarter. On a per-share basis, the Houma, Louisiana- based company said it had a loss of 1 cent. Keywords: Gulf Island Fabrication, Earnings Report.

  • Lithuania looks to U.S. for gas imports Friday, 27 Feb 2015 | 3:05 AM ET

    OSLO, Feb 27- Lithuanian liquefied natural gas importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia. Delfin LNG LLC is developing an offshore liquefaction and export facility in Louisiana with a total export capacity of 13 million tonnes of LNG per year. Last year, Litgas signed a...

  • Amerisafe posts 4Q profit Thursday, 26 Feb 2015 | 7:54 PM ET

    DERIDDER, La. _ Amerisafe Inc. on Thursday reported fourth-quarter profit of $16.9 million. On a per-share basis, the Deridder, Louisiana- based company said it had profit of 89 cents. Amerisafe shares have climbed roughly 2 percent since the beginning of the year.

  • H&E Equipment beats Street 4Q forecasts Thursday, 26 Feb 2015 | 7:21 AM ET

    BATON ROUGE, La. _ H&E Equipment Services Inc. on Thursday reported fourth-quarter profit of $16.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Analysts expected $276 million, according to Zacks.

  • LHC misses 4Q profit forecasts Thursday, 26 Feb 2015 | 6:39 AM ET

    LAFAYETTE, La. _ LHC Group Inc. on Thursday reported fourth-quarter earnings of $5.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $193.4 million in the period, also surpassing Street...

  • Feb 26- South Carolina's Supreme Court ordered Johnson& Johnson to pay a penalty of $136 million, upholding a jury's finding that the drugmaker's Janssen unit had improperly marketed its anti-psychotic drug Risperdal and concealed its risks. A trial court had earlier ordered J&J to pay $327 million, but the Supreme Court more than halved that penalty, citing a...

  • Viking boats to cruise Mississippi River Wednesday, 25 Feb 2015 | 5:22 PM ET

    NEW ORLEANS, Feb 25- Viking Cruises Ltd will establish its first North American beachhead, a homeport in New Orleans, and will offer cruises up the Mississippi River starting in 2017, the company and Louisiana officials announced. The company- whose boats ply the rivers of Europe, Russia, China, Southeast Asia and Egypt- will begin cruising the Mississippi with two...

  • Businesses couldn't process credit card transactions, ATMs didn't function, law enforcement databases were unavailable, and even weather reports were affected in an area stretching from north of Phoenix to Flagstaff, about 100 miles away. CenturyLink spokesman Alex Juarez said the problem was first reported around noon. Phoenix police said CenturyLink...