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Top News & Analysis Louisiana

  • FRANKFURT, Aug 28- Damages from Hurricane Harvey's ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from the major storms that hit New Orleans and New York in recent years, insurance executives have said. The early assessment of damage from Harvey, made while rain continued to pelt the fourth-largest city in the United States, came...

  • *Kite Pharma soars after $11.9 bln deal with Gilead. Aug 28- The Dow and the S&P were unchanged in late-morning trading on Monday with losses in insurance and oil stocks offset by gains in shares of health and home improvement retail chains as investors assessed the impact of Tropical Storm Harvey. But nothing that is really shaking up the markets, "said Matt Lloyd,...

  • *Flooding expected to peak Wednesday or Thursday in Houston. HOUSTON, Aug 28- Houston is facing worsening historic flooding in the coming days as Tropical Storm Harvey dumps more rain on the city, swelling rivers to record levels and forcing federal engineers on Monday to release water from area reservoirs in hopes of controlling the rushing currents.

  • Aug 28- Wall Street opened slightly higher on Monday, driven by gains in health and home improvement retailers' shares, while investors assessed the impact of Tropical Storm Harvey on the U.S. economy. Harvey, the most powerful hurricane to strike Texas in more than 50 years, has knocked out a quarter of oil production from the Gulf of Mexico, prompting fears it could...

  • *Storm to linger off coast of Texas through Tuesday. LONDON, Aug 28- Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years,...

  • A burnt out house that caught fire after Hurricane Harvey hit Corpus Christi, Texas is seen on August 26, 2017.

    Federal Emergency Management Agency Administrator Brock Long said the government expects more than 450,000 victims of Hurricane Harvey to file for disaster assistance.

  • WASHINGTON, Aug 28- U.S. emergency management officials said on Monday they were expediting federal resources to Texas to help with rescue efforts after Hurricane Harvey swamped coastal areas of the state and forced 30,000 people to seek refuge in temporary shelters. Duke said federal agencies were focused at the moment on providing state and local...

  • Aug 28- Wall Street was set to open slightly higher on Monday, even as investors assessed the impact of Tropical Storm Harvey on the U.S. economy. "The unfortunate event from Hurricane Harvey will have some sort of impact on the numbers, down the line... at this point, it does not appear to affect equities," said Andre Bakhos, managing director at Janlyn Capital.

  • HOUSTON, Aug 28- Houston is facing worsening historic flooding in the coming days as Tropical Storm Harvey dumps more rain on the city, swelling rivers to record levels and forcing federal engineers on Monday to release water from area reservoirs in hopes of controlling the rushing currents. Torrential rain also hit areas more than 150 miles away, swelling...

  • TRUMP APPROVES LOUISIANA EMERGENCY DECLARATION AMID STORM HARVEY- WHITE HOUSE STATEMENT.

  • WASHINGTON, Aug 28- U.S. emergency management officials said on Monday they were committed to getting federal resources to Texas as quickly as possible to help with the flooding caused by Tropical Storm Harvey, with more than 450,000 people likely to seek assistance. Federal Emergency Management Agency Administrator Brock Long said more than 30,000 people...

  • *Storm to linger off coast of Texas through Tuesday. LONDON, Aug 28- Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years,...

  • LONDON, Aug 28- U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16- month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy. Federal Reserve Chair Janet Yellen failed to mention monetary policy in a closely watched speech at...

  • Aug 28- U.S. stock index futures were little changed on Monday as Tropical Storm Harvey barreled into the Texas coast, the heart of the U.S. energy sector, raising concerns about the impact of the storm on the economy and piling more pressure on the dollar, which hit 16- month lows against a basket of currencies. *Harvey, the most powerful hurricane to hit Texas in more...

  • HOUSTON, Aug 28- Tropical Storm Harvey was set to dump more rain on Houston on Monday, worsening flooding that has paralyzed the country's fourth-largest city, forced thousands to flee surrounding counties and swelled rivers to levels not seen in centuries. Schools, airports and office buildings in Houston were ordered shut on Monday as scores of roads turned...

  • NEW YORK, Aug 27- Tropical Storm Harvey could cause fuel shortages in Latin America after it shut in around 1 million barrels per day of U.S. gasoline and diesel exports typically destined for countries such as Mexico. "Any hiccup in U.S. refined product exports is highly disruptive to the supply chain given the dependency of nations like Mexico and other Latin...

  • *Storm to linger off coast of Texas through Tuesday. LONDON, Aug 28- Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years,...

  • LONDON, Aug 28- U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16- month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy. Federal Reserve Chair Janet Yellen failed to mention monetary policy in a closely watched speech at...

  • *Harvey was set to dump more rain on Houston on Monday. FRANKFURT, Aug 28- Damages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday. Harvey was set to dump more rain on Houston on Monday, worsening...

  • HOUSTON, Aug 28- Tropical Storm Harvey was set to dump more rain on Houston on Monday, worsening flooding that has paralyzed the country's fourth biggest city, forced thousands to flee surrounding counties and swollen rivers to levels not seen in centuries. Authorities ordered more than 50,000 people to leave parts of Fort Bend County, about 35 miles southwest...