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  • March 18- Hedge funds wounded by recent stock market gyrations may struggle to pressure companies and reap the benefits of their activist campaigns, lawyers and bankers at Tulane Law School's corporate law conference in New Orleans said this week. Ackman's Pershing Square, battered by Valeant, is off 22 percent through the middle of March, while Nelson Peltz'...

  • March 17- China's Anbang Insurance Group Co has hired a proxy solicitation firm to advise it on how Starwood Hotels& Resorts Inc shareholders view its $12.8 billion acquisition offer and prepare its next steps, people familiar with the matter said. Anbang has hired proxy solicitation firm Georgeson Inc, which has already started to contact Starwood...

  • LONDON, March 15- Phantom stocks are the bane of every analyst's life. Everyone knows that there is always more metal out there than shows up in exchange stocks. Zinc bulls have been repeatedly caught off-guard by the sudden appearance of phantom stocks in New Orleans, where metal has been riding a long-running carousel between on- and off-LME storage.

  • NEW YORK, March 11- The U.S. Bureau of Safety and Environmental Enforcement suspended drilling operations at a rig in the Gulf of Mexico on Friday after it responded to a reported fatality, it said in a statement. The platform, some 150 miles south of New Orleans, is operated by offshore oil and gas operator Whistler Energy II, which reported that the offshore worker...

  • March 11- BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled. District Judge Carl Barbier in New Orleans agreed with BP that federal law absolved the British oil company from liability for the Obama...

  • March 10- Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme. Reversing a lower court ruling, the 5th U.S. Circuit Court of Appeals in New Orleans said Chadbourne& Parke and Proskauer Rose were...

  • March 4- The year-old bankruptcy of Caesars Entertainment Operating Co Inc has been marred by complex litigation over everything from the date the casino operator entered Chapter 11 to billion-dollar creditor disputes with the parent, Caesars Entertainment Corp.. *Conducted by Richard Davis, a litigator and former Watergate prosecutor, and a team of...

  • NEW YORK Feb 19- Nestor Molina has made a living looking for Honduran workers to pick fruit in Florida. Molina, 53, is among the middlemen hired by companies to help bring foreign workers to the United States for temporary jobs. The jobs span almost every industry, from agriculture to hospitality, and the numbers of foreign workers brought to the United States have...

  • CBS and other media companies are under pressure to show that they can survive and thrive as younger viewers turn away from traditional television. CBS will continue "business as usual," he told analysts. Advertising at the CBS network was up 8 percent, but local television stations faced difficult comparisons with a year earlier, when they had strong political...

  • CBS has been making efforts to rely less on advertising revenue, which can be volatile due to its dependence on popular sporting or political events. CBS, home to shows such as "Supergirl," "The Late Show with Stephen Colbert" and "NCIS: New Orleans," said total revenue rose 6.2 percent to $3.91 billion in the fourth quarter. Net income from continuing operations fell to...

  • PARIS, Feb 9- French water and waste group Veolia said on Tuesday it is talks to install a flood prevention system in the city of New Orleans that was devastated by Hurricane Katrina in 2005.. Veolia innovation director Laurent Auguste said a study will be carried out jointly with Swiss insurer Swiss Re and that Veolia- which operates the main New Orleans waste...

  • LONDON, Feb 5- Zinc is the stand-out amid the general industrial metals gloom right now. It helps that big mines such as Century in Australia and Lisheen in Ireland have just reached the end of their natural lives. Now a new, largely unexpected, ingredient has been thrown into the supply mix in the form of Horsehead Holding's shuttering of its zinc plant in North...

  • Jan 25- A U.S. federal appeals court on Monday overturned the convictions of the former chief executive officer and chief financial officer of surgical device maker ArthroCare Corp for engineering what federal prosecutors called a $750 million securities fraud. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with former CEO Michael Baker and...

  • LONDON, Dec 8- From the Swiss franc's record rise in January to the near certainty of a historic U.S. interest rate hike in December, 2015 was a far more volatile year for financial markets than most predicted 12 months ago. Bond yields across Europe plunged well below zero, the Dow Jones fell 1,000 points in one day in August and turmoil in Chinese stocks turned a...

  • Canal Street is flooded a day after Hurricane Katrina blew through August 30, 2005 in New Orleans, Louisiana.

    Ten years after Hurricane Katrina, photographer Mario Tama revisited locations that he captured in 2005.

  • A Truck bearing New Orleans Saints logos during Mardi Gras parade in New Orleans, 2014.

    In September 2006, the New Orleans Saints marched into the Superdome for their first game since Katrina, and provided the spark for a revival.

  • Revelers party in the French Quarter on Mardi Gras Day, March 4, 2014 in New Orleans.

    Hurricane Katrina may have washed away New Orleans' booming tourism sector, but 10 years later, the city's hospitality industry is standing strong.

  • A transformed New Orleans

    CNBC's Scott Cohn reports from New Orleans,10 years after Hurricane Katrina, on the progress in rebuilding where homes once stood. Moody's says New Orleans is economically stronger than it was before Katrina.

  • Katrina: The long road home

    CNBC's Scott Cohn reports from New Orleans, 10 years after Hurricane Katrina, on progress made in the "Road Home" program.

  • Katrina: Ten years later

    CNBC's Scott Cohn takes a look back at Hurricane Katrina - the costliest disaster in U.S. history - and assess the decade-long recovery in New Orleans.