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  • MidSouth posts 4Q profit Wednesday, 27 Jan 2016 | 5:47 PM ET

    LAFAYETTE, La. _ MidSouth Bancorp Inc. on Wednesday reported fourth-quarter profit of $1.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Officials consider New Orleans to Orlando rail service Wednesday, 27 Jan 2016 | 4:38 AM ET

    NEW ORLEANS— Amtrak and the Southern Rail Commission are conducting a tour along the Gulf Coast to consider the feasibility of bringing passenger rail back to the Gulf Coast, more than a decade after Hurricane Katrina damaged the tracks. The Southern Rail Commission announced recently that the so-called "Inspection Train" will include 14 stops in four states,...

  • Jan 25- A U.S. federal appeals court on Monday overturned the convictions of the former chief executive officer and chief financial officer of surgical device maker ArthroCare Corp for engineering what federal prosecutors called a $750 million securities fraud. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with former CEO Michael Baker and...

  • Here's who gets hurt by oil price plunge Monday, 25 Jan 2016 | 2:11 PM ET
    The price of oil is shown downtown on Jan. 21, 2016, in the oil town of Midland, Texas.

    Lower crude prices are helping lift much of the U.S. economy, but oil-producing regions are getting clobbered.

  • LONDON, Jan 22- "No other industry begins to offer the data problems that are presented by petroleum," wrote John Blair, a former U.S. government official exactly 40 years ago. As late as 1968, the United States reportedly had 4 million barrels per day of spare production capacity and thousands of wells across Texas and Louisiana were being operated for fewer than 10...

  • WASHINGTON, Jan 21- The number of Americans filing for unemployment benefits rose to a six-month high last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and major stock market selloff. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 293,000 for the week ended Jan. 16, the...

  • YORKTOWN, Texas, Jan 20- Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18- month downturn. Yet many of around 50 listed U.S. independent oil producers and scores of smaller ones...

  • Jan 19- Louisiana Governor John Bel Edwards on Tuesday urged state legislators to approve a plan to increase taxes and tap reserves to plug the largest budget shortfall in state history. Louisiana faces a projected shortfall of $750 million this fiscal year and the gap is expected to grow to $1.9 billion in the next fiscal year beginning July 1 from...

  • Jan 14- Brown-Forman Corp, the maker of Jack Daniel's whiskey, said it would sell its liqueur brands, Southern Comfort and Tuaca, to alcohol maker Sazerac for $543.5 million. Brown-Forman Chief Executive Paul Varga said on Thursday the decision to sell these brands reflected the company's "evolving portfolio strategy." Goldman Sachs and Gibson, Dunn& Crutcher LLP...

  • VILNIUS, Jan 13- Lithuania has put plans to buy liquefied natural gas from the United States on hold because the LNG is not yet suitable for the Baltic state's gas system, its state energy company said on Wednesday. The country opened an LNG import terminal in the Baltic Sea at the end of 2014, which allowed it to start importing from Norway and end its total...

  • NEW YORK, Jan 12- U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S. shale firms, spur more belt-tightening by oil majors and spell more pain for crude-producing nations and regions. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.

  • DALLAS, Jan 6- Texas tycoon Sam Wyly engaged in "lies, deception and fraud" in a years-long scheme to dodge taxes on $1.1 billion held in offshore trusts, a lawyer for the Internal Revenue Service said on Wednesday. The IRS made those claims at the start of a trial in federal bankruptcy court in Dallas in which the agency is seeking $3.22 billion in back taxes, penalties...

  • Jan 6- Lamar Advertising Co is in advanced talks to buy billboard assets in five U.S. cities from Clear Channel Outdoor Holdings Inc worth roughly $450 million, according to people familiar with the matter. Lamar is close to a deal to purchase Clear Channel Outdoor's billboard assets in Cleveland, Des Moines, Memphis, Reno and Seattle, the sources said this week,...

  • Ameren Corp's Callaway plant in Missouri and Entergy Corp's Arkansas Nuclear One in Russellville, Arkansas, have not been affected by heavy rains and no impact is predicted, the regulator said. Plants in the vicinity of the Mississippi River, such as Grand Gulf in Mississippi, and River Bend and Waterford in Louisiana, all operated by Entergy, are also not likely...

  • Jan 4- U.S. federal energy regulators want the power grid operator for the Midwest region to tweak its market rules for an upcoming capacity auction as the authorities investigate Dynegy Inc on allegations of market manipulation. The Federal Energy Regulatory Commission issued an order on Dec. 31 in response to four complaints against the Midcontinent...

  • *Acadia to buy The Priory for nearly $850 mln. Jan 4- Acadia Healthcare Co Inc has agreed to buy Priory Group, a mental health care provider known for its celebrity client list, for nearly $850 million, its biggest acquisition yet as it expands in Britain. Acadia, which specializes in psychiatric and chemical addiction, has a network of more than 250 behavioral...

  • NEW YORK/ LONDON, Dec 31- Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear. But for 2015, both benchmarks fell double-digits for a second straight year as Saudi Arabia and other members of the...

  • Most helicopters unprotected as bird strikes rise Monday, 28 Dec 2015 | 6:35 AM ET

    Populations of large bird species are generally on the rise in North America, creating the potential for more dangerous strikes.

  • Dec 23- Freeport-McMoRan Inc, the U.S. miner that was targeted by activist investor Carl Icahn earlier this year, is planning to run an auction process for its oil and gas assets in early 2016, according to people familiar with the matter. Phoenix, Arizona- based Freeport-McMoRan's board has retained investment bank Lazard Ltd to advise on possible sale of the...

  • NEW YORK, Dec 21- Lower tax revenues because of job losses in energy and related sectors due to the collapse in oil prices will hit the budgets of oil-producing states through the remainder of this fiscal year and next, Moody's Investors Service said on Monday. Moody's analysts expect to see a similar dynamic to Oklahoma in Alaska, Louisiana, New Mexico, North...