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Top News & Analysis Louisiana

  • LAKE CHARLES, La./ HOUSTON, Aug 30- Tropical Storm Harvey slogged across southeastern Texas and into Louisiana on Wednesday, sending more people fleeing for shelter after hitting the U.S. energy hub of Houston with record rains and flooding that drove tens of thousands from their homes. The slow-moving storm has killed at least 22 people and sent more than 32,000...

  • Aug 30- Major U.S. railroads have warned it could be a long time before normal operations resume in the Houston area where Tropical Storm Harvey caused catastrophic flooding that overwhelmed roads, bridges and train tracks. The closure of rail lines in the grain transport hub and nexus for cross-border traffic with Mexico presents a costly headache for...

  • Harvey has shut 24 percent of U.S. fuel output after refineries in Texas and Louisiana were flooded. The Northeast Gasoline Supply Reserve, set up after Hurricane Sandy caused fuel supply disruptions in 2012, holds 1 million barrels of motor fuel at three sites in New York Harbor, the Boston area, and Maine. The SPR is a series of heavily guarded underground salt...

  • HOUSTON/ SAN FRANCISCO, Aug 30- In the coming weeks, as Houston turns its attention to rebuilding areas devastated by Tropical Storm Harvey, people like Jay De Leon are likely to play an outsized role if they stay around. De Leon, 47, owns a small construction business in Houston, and he and his 10 employees do exactly the kind of demolition and refurbishing the city...

  • 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. refinery in Texas and then churning into Louisiana, causing fuel shortages and high gasoline prices that could afflict the country for weeks. Colonial Pipeline Co, the key artery serving the East Coast, said the lack of...

  • LAKE CHARLES, La./ HOUSTON, Aug 30- Tropical Storm Harvey slogged across southeastern Texas and into Louisiana on Wednesday, sending more people fleeing for shelter after hitting the U.S. energy hub of Houston with record rains and flooding that drove tens of thousands from their homes. The slow-moving storm has killed at least 22 people and sent more than 32,000...

  • WASHINGTON, Aug 30- A Democratic senator on Wednesday urged U.S. President Donald Trump to tap the country's emergency gasoline or crude oil reserves to alleviate motor fuel price spikes resulting from Tropical Storm Harvey. Harvey has shut about 20 percent of U.S. fuel output after refineries in Texas and Louisiana were flooded.

  • WASHINGTON, Aug 30- The economic fallout from Hurricane Harvey will make the Federal Reserve's job more difficult when it meets in three weeks, but U.S. central bankers have looked past major storms before with little change in monetary policy and are likely to do the same this time. In the weeks after Hurricane Katrina battered New Orleans in August 2005, the Fed...

  • 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...