Top News & Analysis Louisiana

  • Senator Ted Cruz as a potential attorney general and North Carolina Governor Nikki Haley as secretary of state, as he works to fill administration positions ahead of his inauguration on Jan. 20. Trump said on Sunday he would hire Republican National Committee Chairman Reince Priebus as White House chief of staff and named Stephen Bannon, former head of the...

  • NEW ORLEANS, Nov 15- Amgen Inc's potent new drug Repatha, when added to statin therapy, not only took "bad" LDL cholesterol down to extremely low levels but caused declines in artery-clogging plaque in a majority of high-risk heart patients after 18 months of treatment, according to data from a clinical trial. But the percentage of patients who experienced a...

  • *FY sales forecast implies weak Q4- analyst. Nov 15- Home Depot Inc, the No. 1 U.S. home improvement chain, did not lift its full-year sales forecast, implying a weaker-than-expected fourth quarter amid an improving housing market and higher consumer spending in the United States. The company, along with smaller rival Lowe's Cos Inc is benefiting from higher wages...

  • NEW ORLEANS, Nov 13- Pfizer Inc's Celebrex arthritis drug was shown to be at least as safe as the widely used prescription-strength versions of painkillers ibuprofen and naproxen, and does not appear to cause heart problems that spurred the withdrawal of rival Vioxx, according to a large 10- year study presented on Sunday. Some 100 million prescriptions were...

  • NEW YORK, Nov 11- Donald Trump's surprise victory in the U.S. presidential race is pushing mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that stand to benefit from rising inflation. "Cyclical companies were unduly cheap going into this election, and now we think that the inflation trade is here to...

  • Nov 10- Independent oil and natural gas company WildHorse Resource Development Corp filed with securities regulators on Thursday to raise up to $650 million in an initial public offering. The company, which operates in the Eagle Ford basin in southeast Texas and the Terryville Complex in North Louisiana, said it intends to list its common stock on the New York...

  • Sarnia officials say they are keen to diversify a local economy that is heavily reliant upon the refining and chemical complex dubbed "chemical valley," a major source of carbon emissions. "If they want to make the carbon price and the green economy work, they've got to invest in places like Sarnia," said Sarnia Mayor Mike Bradley. "The U.S. plan is advantageous because...

  • Environmental groups criticized the EPA approval. The EPA signed off on Monsanto's XtendiMax herbicide for in-crop use on Roundup Ready 2 Xtend biotech soybeans, designed to tolerate applications of glyphosate and dicamba, and its Bollgard II XtendFlex cotton, which can tolerate the two chemicals as well as glufosinate. The company is still awaiting an EPA...

  • HOUSTON, Nov 9- Sunoco Logistics Partners said on Wednesday it is forming a joint venture with Exxon Mobil, giving the midstream company strategic assets near the Dakota Access line while expanding its West Texas footprint for the second time in less than two months. Exxon's contribution includes its Longview to Louisiana and Pegasus pipelines, Hawkings...

  • NEW YORK, Nov 9- From plush penthouse apartments on the Upper East Side to bars in midtown Manhattan, New York's financial community watched in stunned dismay on Wednesday as Republican Donald Trump clinched the White House. An early party mood quickly soured as donors and supporters of Hillary Clinton realized that the Democratic candidate, Wall Street's...

  • NEW YORK, Nov 9- From plush penthouse apartments on the Upper East Side to bars in midtown Manhattan, New York's financial community watched in stunned dismay on Wednesday as Republican Donald Trump was on the verge of winning the White House. An early party mood quickly soured as donors and supporters of Hillary Clinton realized that the Democratic candidate,...

  • *Q4 orders up 3 pct vs 13 pct rise in Q3. Horton said on Tuesday net sales orders, an indicator of future revenue, rose just 3.1 percent to 8,744 homes in the fourth quarter ended Sept. 30. "We expect the lack of order growth will be a focus for the call because the results were below consensus and seem out of line with recent peer reports of rising demand," Wedbush Securities...

  • *Q3 adj profit $0.09/ share vs est loss 0.03/ share. Nov 3- U.S. natural gas producer Chesapeake Energy Corp reported a surprise adjusted profit, helped by lower expenses, and said it expects to exit the next two years at higher production rates. Shares of Chesapeake, which also kept its 2017 budget nearly unchanged, rose as much as 9 percent to $5.80 on Thursday.

  • *Q3 adj. profit $0.09/ share vs est loss 0.03/ share. Chesapeake, which has been trying to reduce its crippling debt load, said it planned to sell more assets this year, including some of its Haynesville Shale acreage in Louisiana. The company had nearly $9 billion of debt outstanding as of Sept. 30.

  • The company, whose shares were up 7.5 percent at $5.71 in premarket trading, said total operating expenses slumped nearly 63 percent in the third quarter ended Sept. 30. Chesapeake, which has been trying to reduce its crippling debt load, also said it was planning to sell more assets this year, including a portion of its Haynesville Shale acreage in Louisiana.

  • Fertilizer prices have plunged this year amid declining U.S. farm incomes and ample supplies, even as CF completes expansion of nitrogen facilities in Louisiana and Iowa. CF's quarterly loss totaled $30 million, or 13 cents per share, compared with a profit of $90 million or 39 cents per share a year earlier. The Deerfield, Illinois- based company's shares fell...

  • Nov 1- Pfizer Inc scrapped its high-profile cholesterol fighter after its effectiveness waned over time in large clinical trials, sending its shares 2 percent lower and prompting the company to trim its 2016 earnings forecast. Chief Executive Ian Read said in an interview that the effectiveness of Pfizer's drug waned in a significant number of patients...

  • Nov 1- Pfizer Inc said it halted development of a costly new type of cholesterol fighter because of disappointing clinical trial data and an unfavorable market for similar approved drugs. Chief Executive Ian Read said in an interview that the waning effectiveness became apparent in a significant number of patients after 52 weeks of treatment and was...

  • WASHINGTON, Nov 1- The Supreme Court on Tuesday appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.. State Farm argued the claims brought by the sisters, former claims adjusters who worked for the...

  • Former NBA player Shaquille O'Neal poses in the Authentic Brands Group booth during the Licensing Expo 2016 at the Mandalay Bay Convention Center on June 21, 2016, in Las Vegas, Nevada.

    Shaquille O'Neal weighed in on the authenticity behind his brand and his investments.