×

Top News & Analysis New Orleans

  • NEW ORLEANS, Jan 29- U.S. auto dealers gathered for their annual convention in New Orleans said they want President Donald Trump to ease federal regulation of vehicle emissions and consumer lending, reversing action taken by his predecessor. Former President Barack Obama enacted rules requiring automakers to roughly double the average fuel efficiency of...

  • NEW ORLEANS, Jan 29- U.S. auto dealers gathered for their annual convention in New Orleans said they want President Donald Trump to ease federal regulation of vehicle emissions and consumer lending, reversing action taken by his predecessor. Former President Barack Obama enacted rules requiring automakers to roughly double the average fuel efficiency of...

  • NEW ORLEANS, Jan 26- Chinese automaker Geely Automobile Holdings Ltd, the owner of Volvo cars, plans to roll out its mid-priced Lynk& Co brand in the United States and Europe in early 2019, but cautioned those plans could change if U.S. Senior vice president Alain Visser said Geely planned to launch the Lynk& Co brand in San Francisco and Berlin before expanding...

  • 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...

  • 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...

  • 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,...

  • 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...

  • 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.

  • 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 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...

  • Although legal experts think J&J faces an uphill battle, both they and investors believe the Texas jury's penalty, the largest product liability verdict so far this year, is unlikely to stand. It is the second large verdict against J&J in the Pinnacle implant litigation, which has been consolidated before U.S. District Court Judge Edward Kinkeade in Texas.

  • WASHINGTON, Dec 6- President Barack Obama's legal defense of some key initiatives including his signature healthcare law is collapsing as courts put cases on hold until after President-elect Donald Trump, hostile to the policies, assumes office on Jan. 20. They also include Obama's executive action, put on hold by the Supreme Court in June, to spare from...

  • WASHINGTON, Dec 6- The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.. The court ruled 8-0 to reject State Farm's challenge to a 2015 lower court...

  • 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...