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Top News & Analysis Louisiana

  • Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume after Hurricane Harvey caused catastrophic flooding in the Houston area. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for companies ranging from automakers to farmers which use the...

  • HOUSTON, Aug 30- Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry overnight after flooding the biggest U.S. refiner in Texas and then churning into Louisiana, causing fuel shortages and high gasoline prices that could afflict the country for weeks. That includes the biggest U.S. refinery, Motiva's Port Arthur facility, which...

  • LAKE CHARLES, La./ HOUSTON, Aug 30- The tropical storm that devastated Texas' Gulf Coast spread to neighboring Louisiana on Wednesday, while the U.S. energy hub of Houston remained paralyzed by a record rainfall that also drove tens of thousands of people from their homes. Slow-moving Tropical Storm Harvey has killed at least 22 people and sent more than 32,000 to...

  • Harvey has made landfall yet again Wednesday along the Louisiana-Texas border

    Harvey is the most powerful hurricane to hit Texas in 50 years. The damage from the monster storm could be tens of billions of dollars.

  • LAKE CHARLES, La./ HOUSTON, Aug 30- The tropical storm that devastated Texas' Gulf Coast spread to neighboring Louisiana on Wednesday, while the U.S. energy hub of Houston remained paralyzed by a record rainfall that also drove tens of thousands of people from their homes. Slow-moving Tropical Storm Harvey has killed at least 20 people and sent 30,000 to shelters...

  • LAKE CHARLES, La./ HOUSTON, Aug 30- The tropical storm that devastated Texas' Gulf Coast spread to neighboring Louisiana on Wednesday, while the U.S. energy hub of Houston remained paralyzed by a record rainfall that also drove tens of thousands of people from their homes. Slow-moving Tropical Storm Harvey has killed at least 20 people and sent 30,000 to shelters...

  • Residential neighborhoods near the Interstate 10 sit in floodwater in the wake of Hurricane Harvey on August 29, 2017 in Houston, Texas.

    Whether or not people can or choose to keep paying their home loans will depend entirely on their insurance.

  • HOUSTON/ LAKE CHARLES, La., Aug 30- Tropical Storm Harvey bore down on eastern Texas and Louisiana on Wednesday, bringing the catastrophic downpours that paralyzed the U.S. energy hub of Houston with record rainfall and drove tens of thousands of people from their homes. The storm that first came ashore on Friday near Corpus Christi, Texas, as the most powerful...

  • HOUSTON/ LAKE CHARLES, La., Aug 30- Tropical Storm Harvey bore down on eastern Texas and Louisiana on Wednesday, bringing the catastrophic downpours that paralyzed the U.S. energy hub of Houston, where record rainfall drove tens of thousands of people from their homes. Clear skies in Houston on Wednesday brought relief to the fourth-largest U.S. city after five...

  • Aug 30- The S&P and the Dow opened little changed on Wednesday as investors focused on data that showed stronger-than-expected U.S. economic growth, helping offset worries over President Donald Trump's latest tweet on North Korea. Gross domestic product increased at a 3.0 percent rate in the April-June period, the Commerce Department said in its second...

  • A damaged railroad crossing gate stands near the Valero Energy Corp. oil refinery after Hurricane Harvey in Texas City, Texas, on Tuesday, Aug. 29, 2017

    Motiva shut down the largest U.S. refinery, while Louisiana plants reduced activity as Tropical Storm Harvey made a second landfall.

  • HOUSTON,/ NEW YORK Aug 30- The heart of the U.S. energy industry suffered further damage overnight from Tropical Storm Harvey, and supply constraints could last for weeks with nearly one-quarter of U.S. fuel output knocked out. The Beaumont/ Port Arthur area in Texas, where several large refiners are located, has seen more rain in the last 24 hours in than any other...

  • HOUSTON, Aug 30- Tropical Storm Harvey bore down on Louisiana on Wednesday, bringing yet more water after setting rainfall records in Texas that caused catastrophic flooding and paralyzed the U.S. energy hub of Houston. The storm that first came ashore on Friday near Corpus Christi, Texas, as the most powerful hurricane to hit Texas in more than 50 years has killed...

  • Aug 30- U.S. stocks were set to open slightly lower on Wednesday after President Donald Trump's latest tweet on North Korea reignited concerns over tensions escalating with the nuclear-armed country. But, Trump tweeted on Wednesday that the "U.S. has been talking to North Korea, and paying them extortion money, for 25 years. "We suspect the North Korea problem,...

  • Volunteers get a briefing at the George Brown Convention Center that has been turned into a shelter run by the American Red Cross to house victims of the high water from Hurricane Harvey on August 28, 2017 in Houston, Texas.

    "The level of preparedness is better than it's ever been before," says Scott Cowen, former president of New Orleans-based Tulane University.

  • Aug 30- Tropical Storm Harvey made landfall in Louisiana early on Wednesday after hammering Texas, threatening more infrastructure in the heart of the U.S. oil and natural gas industry. Texas is home to 5.6 million barrels per day of refining capacity, and neighboring Louisiana has 3.3 million bpd. Motiva Enterprises began shutting down its 603,000- bpd Port...

  • CARACAS/ HOUSTON, Aug 30- U.S. sanctions on the finance boss of Venezuela's oil company PDVSA have led to some exports to the United States being blocked as banks and investment funds refuse to provide letters of credit to potential buyers, three financial sources said. A Venezuelan oil shipment to the United States was blocked this month as lenders refused to...

  • HOUSTON, Aug 30- Tropical Storm Harvey bore down on Louisiana on Wednesday, pouring down more water after setting rainfall records in Texas that caused catastrophic flooding and paralyzed the U.S. energy hub of Houston. There is some relief in sight for Houston, the fourth most populous U.S. city, with forecasters saying five days of torrential rain may come to an...

  • Aug 30- U.S. stock index futures were little changed on Wednesday as investors' jitters over North Korea's latest missile test eased and focus shifted to a clutch of economic data. President Donald Trump warned that all options are on the table in response to North Korea's missile test over Japan. *Harvey made landfall again on Wednesday near the Texas- Louisiana...

  • People walk down a flooded street as they evacuate their homes after the area was inundated with flooding from Hurricane Harvey on August 28, 2017 in Houston, Texas.

    NBC's Blake McCoy reports residents of Louisiana are keeping a wary eye on tropical storm Harvey as it makes its way along the coast.