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Top News & Analysis Louisiana

  • Jan 9- Entergy Corp's over 40- year old Indian Point nuclear power plant will be shut by 2021 because of concerns for the safety of millions of New Yorkers in and around the Big Apple, Governor Andrew Cuomo announced on Monday. New York has been developing contingency plans for years to replace the power supplied by Indian Point, which is located in Buchanan, along...

  • Jan 9- Entergy Corp's Indian Point nuclear power plant in New York state will shut down by April 2021, Governor Andrew Cuomo announced on Monday, due primarily to its proximity to the heavily populated New York City area. New York has been developing contingency plans for years to replace the power supplied by Indian Point, which is located in Buchanan, along the...

  • HOUSTON, Jan 9- The U.S. Department of Energy on Monday issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by Jan. 17. There are approximately 695 million barrels of oil in the reserves, which are kept in heavily guarded salt caverns along the Texas and Louisiana coasts. The DOE will sell up to 3...

  • WASHINGTON, Jan 9- The U.S. Supreme Court on Monday declined to hear Dow Chemical Co's bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose.

  • TOKYO, Jan 6- Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply. This also marks Japan's first import of liquefied natural gas produced in the contiguous United States. JERA, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power, said the...

  • NEW YORK, Jan 4- A former portfolio manager at New York state's retirement fund pleaded not guilty on Wednesday to charges that he steered $2 billion in trades to two brokerages in exchange for bribes that included vacations, cocaine and prostitutes. The Common Retirement Fund is the investment arm of the New York State and Local Employees' Retirement System and...

  • Dec 29- After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017- but facing a severe labor shortage that could delay work, drive up costs and raise accident risks. "Putting off work definitely affects the safety of the refinery," said Ed Lee, an independent refinery safety consultant who worked at Royal Dutch Shell for three...

  • NEW YORK, Dec 24- When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York- based firm felt some vindication. One such person is Houston- based energy entrepreneur John Hoffman.

  • Looking ahead to next year, restructuring advisers said they expect more energy-related bankruptcy filings, as the sector prepares for an upturn that could follow implementation of President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years. Denver- based Bonanza Creek, with oil and natural gas...

  • Under New Mexico regulations, healthcare facilities must report a suspected outbreak of C. difficile to the state Health Department within 24 hours. But Casa Maria staff did not contact authorities until March 4, 2014, according to the Health Department report on its investigation of the outbreak, a copy of which was obtained by Reuters. When a Health...

  • NEW YORK, Dec 21- U.S. prosecutors on Wednesday accused a former portfolio manager at New York state's retirement fund, the third largest in the United States, of steering $2 billion in trades to two brokerage firms in exchange for gifts such as cash, drugs and prostitutes. Manhattan federal prosecutors announced charges centered on the New York State Common...

  • NEW YORK, Dec 21- U.S. prosecutors on Wednesday accused a former portfolio manager at New York state's retirement fund, the third largest in the United States, of steering $2 billion in trades to at least two brokerage firms in exchange for gifts such as cash, drugs and prostitutes. In the latest case, Navnoor Kang, the former director of fixed income at the New York...

  • Dec 16- U.S. oilfield services firm Forbes Energy Services Ltd is preparing to file for bankruptcy as soon as this month, as it struggles with approximately $300 million in debt, people familiar with the matter said on Friday. Competing oilfield services firms Key Energy Service Inc, C&J Energy Services Ltd and Basic Energy Services Inc have all filed for...

  • The civil lawsuit, led by antitrust investigators in Connecticut, comes one day after the U.S. Department of Justice filed criminal charges against two generic drug industry executives, alleging that they colluded to fix prices and split up market share. "We believe that this is the tip of the iceberg," Connecticut Attorney General George Jepsen told Reuters in...

  • WASHINGTON, Dec 15- Twenty states filed a lawsuit Thursday against Mylan NV, Teva Pharmaceuticals and four other generic drug makers, saying they conspired on pricing of two common generic drugs, according to a copy of the complaint. The civil lawsuit is one piece of a broader generic drug pricing probe that remains under way at the state and federal level, as well...

  • WASHINGTON, Dec 15- Connecticut and 19 other states filed a lawsuit on Thursday against Mylan NV, Teva Pharmaceuticals and four other generic drug makers saying they entered into illegal conspiracies that raised prices on two common generic drugs, the New York state attorney general's office said in a statement. The civil lawsuit is one piece of broader...

  • U.S. Senate Republican candidate John Kennedy delivers a victory speech during an election party on December 10, 2016 in Baton Rouge, Louisiana.

    Louisiana voters elected Republican John Kennedy to the Senate on Saturday, filling the last Senate seat and giving the GOP a 52-48 edge.

  • BATON ROUGE, La./ WASHINGTON, Dec 9- U.S. President-elect Donald Trump on Friday said he was considering imposing a lifetime ban on U.S. military procurement officials going to work for defense contractors, a move that could dramatically reshape the defense industry. Three days after publicly rebuking Boeing Co over the cost of the next-generation Air Force One...

  • President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy, a transition official said on Friday. Trump's pick of Goldman President Gary Cohn, 56, to head the White House National Economic Council...

  • President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy, a transition official said on Friday. The anti-Goldman message rankled some on Wall Street, although several alums of the bank had major...