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Top News & Analysis Louisiana

  • NEW YORK/ MONTREAL, Jan 25- A portfolio manager from an influential shareholder has thrown her support behind a plan to put railroad industry veteran Hunter Harrison into CSX Corp's CEO chair with the help of an activist investor. Harrison, 72, the outgoing chief executive of Canadian Pacific Railway Ltd, is partnering with activist investor Paul Hilal's new...

  • NEW YORK/ MONTREAL, Jan 25- A Neuberger Berman LLC portfolio manager has thrown her support behind a plan to put railroad industry veteran Hunter Harrison into CSX Corp's CEO chair with the help of an activist investor. Harrison, the outgoing chief executive of Canadian Pacific Railway Ltd, is partnering with activist investor Paul Hilal's new fund, Mantle Ridge...

  • President Donald Trump has threatened to scrap the move to normalize relations between Washington and Havana, one of former President Barack Obama's signature foreign policy initiatives, if he doesn't get a better deal. "We're hopeful that when the Trump Administration conducts a thorough review of U.S.- Cuba policy, they will see how enhanced cooperation...

  • VIENNA, Jan 25- Russian state-controlled gas producer Gazprom expects Donald Trump's election as U.S. president, Brexit and upcoming elections in France and Germany to improve Western attitudes towards Moscow, Gazprom's deputy head Alexander Medvedev said. Some observers in Moscow also see changing attitudes towards Russia in Europe following the wave of...

  • WASHINGTON, Jan 24- Oil companies Shell and Phillips 66 together bought 6.4 million barrels of oil last week from the Strategic Petroleum Reserve, according to a Department of Energy document released on Tuesday. The federal government held the sale to fund a revamp of the emergency oil stash, which is stored in salt caverns in Louisiana and Texas along the Gulf...

  • Jan 24- U.S. liquefied natural gas exporters have shifted their focus to Southern Europe from Asia as cold weather and problems with Algerian gas supply have driven Europe's gas prices higher. Gas prices in Europe are at their highest premiums to U.S. gas prices for three years. Spain, Greece and Turkey would be other possible destinations for the LNG cargoes, said...

  • WASHINGTON, Jan 24- Oil companies Shell and Phillips 66 bought more than 6 million barrels of oil last week from the Strategic Petroleum Reserve, according to a Department of Energy document released on Tuesday. Shell bought 6.2 million barrels of oil and Phillips 66 bought 200,000 barrels on Jan. 18, said the department document, seen by Reuters.

  • WASHINGTON, Jan 23- Two Republican senators said on Monday that U.S. states should be allowed to stay in the Obamacare medical insurance program if they like, with one also saying she was confused by President Donald Trump's broad but unspecific executive order targeting the program. Trump and congressional Republicans campaigned on a promise to dismantle...

  • WASHINGTON, Jan 23- Two Republican senators said on Monday that U.S. states should be allowed to stay in the Obamacare healthcare insurance program if they like, with one adding she felt confused by President Donald Trump's broad but unspecific executive order targeting the program. Trump and congressional Republicans campaigned on a promise to dismantle...

  • CHICAGO, Jan 23- U.S. oilfield services company Forbes Energy Services Ltd said it expected to "promptly" emerge from bankruptcy after filing a Chapter 11 plan on Monday with a prepackaged deal to exchange $280 million of debt for equity. In a filing with the U.S. Bankruptcy Court in Houston, Forbes said the slump had reduced demand for its activities, rendering it...

  • Republican Senator Susan Collins called President Donald Trump's executive order against Obamacare "very confusing" on Monday, saying whatever actions the Trump administration takes, legislation will still be needed to replace the health insurance law. Collins, a moderate Republican from Maine, was speaking at a press conference to introduce her own...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters are sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia's struggles to ramp up production. Benefiting from the Panama Canal expansion last year that...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as Australia's continuing struggles to ramp up scheduled production. Benefiting from the Panama Canal expansion last...

  • MIDLAND, Texas, Jan 17- Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bass family of Fort Worth, Texas. Most of the wells to be drilled...

  • WASHINGTON, Jan 13- The U.S. Supreme Court on Friday agreed to consider whether companies can head off costly class action lawsuits by forcing employees to give up their right to pursue work-related legal claims in court as a group. The justices took up appeals of three lower court rulings, including one involving global professional services giant Ernst& Young,...

  • MOSCOW, Jan 13- Russia's Gazprom has acknowledged for the first time a threat to its dominant position in European gas market from an expected influx of liquefied natural gas produced in the United States under Donald Trump's administration. Gazprom, which supplies a third of Europe's needs, had previously dismissed possible rivalry from the LNG exports from...

  • The secretary of the U.S. Department of Agriculture will not approve or reject the merger but will face the issue of industry consolidation. How Trump responds on those issues- and who he picks to lead the USDA- could determine whether he is able to maintain the strong rural support he demonstrated in the Nov. 8 election. Trump has also met with Elsa Murano,...

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

  • 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...