×

Top News & Analysis New Orleans

  • HENDERSON, Louisiana, Feb 22- When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Opposition to the company's planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline...

  • CHICAGO, Feb 23- A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. Barge lease rates paid to companies like Archer Daniels Midland Co's American River Transportation Company, privately held Ingram Barge and a handful of...

  • HENDERSON, Louisiana, Feb 22- When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Opposition to the company's planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline...

  • Popeyes shareholders will get $79.00 for each share they hold, a 19.5 percent premium to the stock's Friday close. Popeyes, whose fans include pop singer Beyoncé, began 45 years ago as a Southern-fried "Chicken on the Run" restaurant in a New Orleans suburb. Popeyes received financial advice from UBS and Genesis Capital LLC and legal counsel from King& Spalding...

  • The deal, which will likely value Popeyes at more than $1.7 billion, is a bet by Oakville, Ontario- based Restaurant Brands that it can use its international reach to introduce Popeyes' Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Restaurant Brands did not respond immediately to a request for comment, while Popeyes decline to...

  • LONDON, Feb 17- The recent history of the zinc market has been one of reality trumping great expectations. Everyone loves the zinc narrative of pending supply crunch. Big mines such as Century in Australia and Lisheen in Ireland have closed.

  • Shares of Atlanta- based Popeyes moved sharply higher on the news in afternoon trading. RBI and Popeyes have yet to agree on a deal price, and there is no certainty that negotiations will continue, the people said. Popeyes shares jumped 14 percent in New York, reaching a record $75.30 and giving the company a market capitalization of around $1.6 billion.

  • President Donald Trump holds up a statue he received as a gift while meeting with county sheriffs in the Oval Office of the White House on February 7, 2017 in Washington, DC.

    Here are some of the key stories CNBC is following this hour.

  • 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...

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

  • Sidney Torres (right) with New Orleans Mayor Mitch Landrieu.

    New Orleans entrepreneur Sidney Torres put up his own money to address his city's problems after robbers broke into his home.