Top News & Analysis New Orleans

  • 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...

  • 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...

  • 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...

  • AstraZeneca has scrapped a $3.5 billion-a-year sales target for failed heart drug Brilinta by 2023.

  • *Executive says $3.5 bln drug sales target not attainable. *Drugmaker sells rights to Toprol-XL for up to $223 mln. LONDON, Oct 4- AstraZeneca's heart drug Brilinta has failed to help patients with serious circulatory problems in their legs, prompting the company to scrap a $3.5 billion- a-year sales target for the medicine by 2023..

  • *Drugmaker sells rights to Toprol-XL for up to $223 mln. LONDON, Oct 4- AstraZeneca's heart drug Brilinta has failed to help patients with serious circulatory problems in their legs, dealing a blow to a medicine that the company has tipped as a potential $3.5 billion- a-year seller by 2023.. Sean Bohen, AstraZeneca's head of global medicines development and chief...

  • LONDON, Sept 30- The London Metal Exchange has this week confirmed it will cap both rents and load-out charges across its physical delivery network effective next year. The move was widely expected. The exchange has learnt the hard way to tick all the boxes when it consults users on changes to its warehousing system.

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...