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Top News & Analysis Louisiana

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  • LONGVIEW, Texas— The biggest shipment ever received at the Port of Caddo- Bossier in Louisiana has reached its destination— a chemical plant in East Texas. An official with Eastman Chemical Company says the 303- ton piece of equipment arrived Thursday afternoon in Longview. The unit was made in Asia and hauled by barge from the Port of New Orleans to Shreveport, via...

  • Senate panel would allow marijuana vendors to use banks Thursday, 23 Jul 2015 | 3:22 PM ET

    WASHINGTON— A Senate panel voted Thursday to make it easier for businesses that legally produce and sell marijuana to do business with banks and other financial services providers. The language had passed the House last year but was taken out during talks with the Senate but has yet to consider the underlying spending bill this year. Three Republicans on the...

  • Culinary tourists driving growth in US tourism Thursday, 23 Jul 2015 | 2:02 PM ET

    MILAN— Culinary tourists are pushing growth in foreign tourism to the United States, which is transforming its image as a fast-food mecca to a land of regional tastes and dishes, said officials visiting the Expo 2015 world's fair focusing on food this week. Foreign tourism to the United States in 2014 rose by 7 percent to over 75 million, contributing $221 million...

  • Pool Corp. meets 2Q profit forecasts Thursday, 23 Jul 2015 | 7:21 AM ET

    COVINGTON, La. _ Pool Corp. on Thursday reported second-quarter net income of $77.9 million. Pool Corp. expects full-year earnings to be $2.72 to $2.82 per share. Pool Corp. shares have climbed 12 percent since the beginning of the year.

  • Iberiabank posts 2Q profit Wednesday, 22 Jul 2015 | 7:27 PM ET

    LAFAYETTE, La. _ Iberiabank Corp. on Wednesday reported second-quarter profit of $30.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Iberiabank shares have risen almost 6 percent since the beginning of the year.

  • The notion, embedded in a House of Representatives bill that passed earlier in July and in a Senate transportation bill proposed on Tuesday, has met with criticism from energy experts and economists, many calling it the right idea, but the wrong time. A drilling revolution in the United States has left oil supplies robust at the Strategic Petroleum Reserve, which...

  • More kids live in poverty now than during recession Tuesday, 21 Jul 2015 | 11:09 AM ET
    Olivia Calhoun, 9, stands outside the Crossing in Denver, CO September 19, 2014. Olivia and her family have lived at the Denver Rescue Mission's transitional program for families, since June 2013.

    Twenty-two percent of American children were living in poverty in 2013 compared with 18 percent in 2008, according to the latest Kids Count Data Book.

  • The Latest: NYC mayor denounces EU over immigration Tuesday, 21 Jul 2015 | 5:19 AM ET

    New York City Mayor Bill de Blasio has denounced the European Union for leaving Italy to deal with waves of immigrants coming from North Africa, saying the EU must come up with a Europe- wide immigration policy. De Blasio, whose grandparents emigrated from Italy to New York, said he was "deeply troubled by the lack of action by the European Union and the way that Italy...

  • ST. PAUL, Minn.— A new report on child welfare that found more U.S. children living in poverty than before the Great Recession belies the fanfare of the nation's economic turnaround. The report, released Tuesday from the child advocacy group the Annie E. Casey Foundation, showed some signs of slight improvement, including high school graduation rates at an all-time...

  • LONDON, July 17- Whoever took all the lead out of the London Metal Exchange warehousing system in the second quarter has just been kind enough to return it. A total 50,475 tonnes of the heavy metal were placed on warrant in the South Korean port of Busan earlier this week. The International Lead and Zinc Study Group assesses lead as being in small 7,000- tonne...

  • Refiners made billions by turning half of that extra supply into products such as gasoline and diesel that could be freely exported to countries including Brazil and Colombia. That is equivalent to the combined imports by Brazil and Ecuador, two of the biggest buyers of U.S. fuel, in the first four months of the year. To be sure, struggling economies, such as...

  • SEOUL/ SINGAPORE, July 16- Asian petrochemical makers are earning near record margins for turning naphtha into ethylene this year as low oil prices cut feedstock costs at the same time that delayed or canceled projects keep the market undersupplied. Asian naphtha crackers- once considered uncompetitive against U.S. and Middle East rivals using natural gas-...

  • NEW ORLEANS, July 14- Signal International will pay $20 million to settle lawsuits alleging fraud and labor trafficking by the Alabama oil rig repair company, which brought hundreds of Indian men to work on the Gulf Coast after Hurricane Katrina, attorneys for the plaintiffs said on Tuesday. "These workers have waited seven long years for justice," Jim Knoepp,...

  • NEW YORK/ LONDON/ HOUSTON, July 9- In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history. An unexpected opportunity to secure a global deal that would wipe the slate clean of hundreds of claims...

  • HOUSTON, July 2- BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act...

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • July 2- BP Plc's agreed to pay out $18.7 billion to the U.S. government and five coastal states to settle damages claims from the 2010 Gulf of Mexico spill. The following are details of the payouts and reaction from officials in Alabama, Florida, Louisiana, Mississippi and Texas:. LOUISIANA: The hardest state because of its proximity to the spill will receive more...

  • July 2- BP has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico oil spill. PAVEL MOLCHANOV, ANALYST AT RAYMOND JAMES:. "The total amount-- $18.7 billion-- obviously is a massive payout, but it's spread over 15 to 18 years, making it quite manageable from a cash flow standpoint.

  • TIMELINE-BP oil spill, litigation at a glance Thursday, 2 Jul 2015 | 10:34 AM ET

    Sept 4- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. *April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases...

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...