Top News & Analysis New Orleans

  • Dec 2- A federal appeals court on Friday threw out an antitrust verdict that ordered medical device maker Becton Dickinson and Co to pay rival Retractable Technologies Inc $340 million in damages over its marketing of safety syringes. The 5th U.S. Circuit Court of Appeals in New Orleans called Retractable's claim that Becton violated the Sherman Act by trying...

  • *Commodities powerhouse has 500,000 T of idled zinc capacity. LONDON, Dec 2- Glencore is still keeping the zinc market guessing over when the company will reactivate its 500,000 tonnes of idled mine capacity. Since the Swiss commodities powerhouse first announced its intention to mothball about 4 percent of global capacity in October 2015 the London zinc...

  • LOS ANGELES/ CHICAGO, Nov 29- Scores of demonstrators were arrested on Tuesday as U.S. fast-food and airport workers led nationwide' Fight for $15' protests calling for higher pay and union rights in their first major action since Donald Trump was elected president. "needs to be held accountable for his promises," said Hector Figueroa, president of 32 BJ, a property...

  • Rallies organized by the union-backed' Fight for $15' group targeted McDonald's Corp restaurants in several major cities. Baggage handlers and janitors at Chicago's O'Hare and Boston's Logan airports also demonstrated in support of starting pay of $15 per hour. "When we started demanding $15... people thought we were crazy, but we were just demanding the basic...

  • Activist hedge fund Clinton Group, which has not disclosed the size of its holding in the small bank, first began agitating for changes early this month. A spokesman for First NBC Bank said in an emailed statement that the company was open to input from shareholders and that it had multiple discussions with the Clinton Group. "First NBC is largely aligned with...

  • HOUSTON— Authorities say a woman jumped from an emergency exit door on a flight after it landed at a Houston airport and took off running toward the terminal before she was caught. Authorities say the woman was a passenger on a United Airlines flight from New Orleans that landed in Houston on Monday afternoon and was near the gate. She opened the emergency door and...

  • NEW YORK— The Latest on President-elect Donald Trump and his administration:. A Wisconsin judge has refused to order local officials to conduct the state's presidential recount by hand. Mitt Romney is praising Donald Trump, saying he has "increasing hope" that the president-elect can lead the country to a "better future."

  • WASHINGTON, Nov 28- The U.S. Supreme Court on Monday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110- year prison sentence for running what prosecutors called a $7.2 billion Ponzi scheme that bilked investors in 113 countries. The justices left in place the imprisoned Stanford's appeal of an October 2015 ruling by the...

  • District Judge Amos Mazzant, in Sherman, Texas, agreed with 21 states and a coalition of business groups, including the U.S. Chamber of Commerce, that the rule is unlawful and granted their motion for a nationwide injunction. The rule, issued by the Labor Department, was to take effect Dec. 1 and would have doubled to $47,500 the maximum salary a worker can earn and...

  • ALBANY, N.Y.— New York's Department of State has the right to review federal relicensing applications for the Indian Point nuclear power facility on the lower Hudson River to ensure compliance with coastal management protections, the state's highest court ruled on Monday. "Indian Point is antiquated and does not belong on the Hudson River in close proximity to...

  • 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...

  • 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...

  • 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,...

  • 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...

  • NEW YORK, Oct 24- When Ryan Frailich and Stephanie Hinton were getting married last year, the last thing in the world they wanted were gifts of butter dishes or cutlery sets. So the New Orleans couple asked guests instead to sponsor elements of their dream honeymoon trip to New Zealand. "Couples are getting married later in life these days, and so they usually already...

  • LONDON, Oct 7- A hurricane threatening the first direct hit on the United States in more than a decade could cause insurance losses of $25- 30 billion and be the second costliest U.S. hurricane on record for insurers, according to initial industry estimates. Hurricane Matthew is just off the east coast of Florida near Cape Canaveral, the National Hurricane Center...