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Top News & Analysis Louisiana

  • First NBC was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as the receiver. The regulator said Gulfport, Mississippi- based Whitney Bank would assume all of First NBC's transactional deposits and branches. Whitney Bank will reopen 24 branches of First NBC in Louisiana and five branches...

  • Regulators on Friday seized New Orleans- based First NBC Bank in the costliest bank failure since the financial crisis, with cleanup costs estimated at $1 billion. Hancock Holding Co. of Gulfport, Mississippi, bought $1.6 billion in deposits and $1 billion in assets, including $600 million in cash. The last time the FDIC paid more than $1 billion to absorb losses...

  • HOUSTON, April 28- Phillips 66 expects its refineries to run in the mid-90 percent range of their combined capacity in the second quarter, according to a document prepared for a Friday morning conference call with Wall Street analysts to discuss first quarter earnings. Phillips 66' s refineries ran at 84 percent of capacity in the first quarter, primarily due to...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 697 rigs sought oil and 171 explored for natural gas this week. Texas added 11 rigs, Oklahoma gained three and Wyoming gained one. Alaska, Arkansas, California, Colorado, Kansas, Louisiana, North Dakota, Ohio, Pennsylvania, Utah and West Virginia were unchanged.

  • WASHINGTON, April 28- Tiffany Cartagena said she was eating with her mixed-race girlfriend at a restaurant in Ohio last month when she heard nearby diners remark about the "monkey" at the next table. As Trump nears his 100th day in the White House after a campaign punctuated by his inflammatory comments about Muslims and immigrants, a number of Americans say U.S....

  • Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline- Enbridge Inc.' s aging Line 5, which crosses the Straits of Mackinac. It also delivers about half the propane used to heat Michigan homes. The unprecedented demands to move an existing pipeline present steep political and regulatory...

  • LAFAYETTE, La. _ Iberiabank Corp. on Thursday reported first-quarter profit of $50.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share. Iberiabank shares have decreased slightly more than 5 percent since the beginning of the year.

  • HOUSTON— British oil company BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico thanks to advanced imaging of geological formations. The Houston Chronicle reported the oil reserve about 150 miles from New Orleans is potentially worth $2 billion in recoverable oil. Xukai Shen developed the algorithm used by the supercomputer,...

  • LAFAYETTE, La. _ MidSouth Bancorp Inc. on Thursday reported first-quarter net income of $2.5 million. The Lafayette, Louisiana- based bank said it had earnings of 15 cents per share. Keywords: MidSouth Bancorp, Earnings Report.

  • BATON ROUGE, La. _ H&E Equipment Services Inc. on Thursday reported first-quarter net income of $5.4 million. On a per-share basis, the Baton Rouge, Louisiana- based company said it had net income of 15 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WARSAW, Poland— Poland has signed its first deal to purchase liquefied natural gas from a U.S. supplier, a step that will help the country's efforts to cut its dependence on deliveries from Russia, officials said Thursday. His deputy in charge of trade, Maciej Wozniak, said the one-time delivery will arrive at the Baltic Sea port of Swinoujscie in early June from the...

  • NEW YORK, April 26- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May. Swiss-based Mercuria Energy Trading S.A. loaded more than 600,000 barrels of...

  • NEW YORK, April 26- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May. Swiss-based Mercuria Energy Trading S.A. loaded more than 600,000 barrels of...

  • DERIDDER, La. _ Amerisafe Inc. on Wednesday reported first-quarter earnings of $13.5 million. The Deridder, Louisiana- based company said it had net income of 70 cents per share. Amerisafe shares have climbed slightly more than 6 percent since the beginning of the year.

  • BATON ROUGE, La. _ Investar Holding Corp. on Wednesday reported first-quarter profit of $1.9 million. The holding company for Investar Bank posted revenue of $12 million in the period. Investar shares have increased 20 percent since the beginning of the year.

  • NEW YORK, April 26- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May. Swiss-based Mercuria Energy Trading S.A. loaded more than 600,000 barrels of...

  • NEW YORK, April 26- Mercuria Energy Trading S.A. has shipped the first ever reported export of Bakken crude oil to Asia, according to a shipping document seen by Reuters on Wednesday, the latest shift in global oil flows as the United States seeks to draw down its bloated inventories. The Swiss-based energy trader loaded more than 600,000 barrels of Bakken crude, as...

  • JACKSON, Miss.— A San Francisco- based renewable energy company wants Mississippi regulators to approve a $1.4 billion power transmission line that would carry electricity from wind generated in Texas to the Southeast. The Southern Cross Transmission line would extend from Texas through Desoto Parish in Louisiana, crossing into Mississippi south of...

  • NEW ORLEANS— In a region that takes food seriously, feral hogs are despised as destructive, but their rich, dark meat is winning fans among Louisiana chefs. "To me, it is the most interesting thing I have seen in years," said Rene Bajeux, executive chef for the Palace Cafe and three other Dickie Brennan& Co. restaurants in New Orleans. Feral hogs probably do more than $1.5...

  • NEW ORLEANS _ Entergy Corp. on Wednesday reported first-quarter earnings of $86.1 million. Entergy expects full-year earnings in the range of $4.75 to $5.35 per share. Entergy shares have risen slightly more than 4 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7 percent.