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Top News & Analysis New Orleans

  • *Cash to three-month spread widest since Jan 2007. LONDON, Sept 26- Zinc bulls have been waiting a long time for this, but the slow-burning supply crunch has at last travelled all the way down the supply chain to bite holders of short positions on the London Metal Exchange. The benchmark cash to three-month spread closed on Monday at a backwardation of $66 a tonne.

  • CSX Assistant Vice President Maryclare Kenney apologized to customers in the email dated Sept. 8. The Surface Transportation Board, the U.S. rail regulator, is due to host a hearing in Washington, D.C., over CSX's service on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after CSX executives said the railroad had made...

  • Customers will be able to air grievances when the Surface Transportation Board, the top U.S. rail regulator, hosts a hearing over CSX's service in Washington on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after top executives said the railroad had made great strides in fixing service problems that gripped its system...

  • HOUSTON— As Houston recovers from Harvey's devastating flooding, many homeowners could be asked to shoulder an added financial burden: higher taxes on the same houses they are struggling to rebuild. In Harris County, which includes Houston, at least 136,000 homes and other structures were flooded. Some Houston homeowners say the proposal is like being kicked...

  • NEW ORLEANS— Louisiana's eight metropolitan areas included two of the nation's fastest growing economies and two of its fastest shrinking ones in 2016.. Lake Charles' economy grew 8.1 percent, the fastest in the nation according to numbers released Wednesday by the U.S. Commerce Department. Hammond grew 3.4 percent, like Lake Charles and Alexandria...

  • FRANKFURT/ BERLIN, Sept 21- A profit warning from one of the world's largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global finance. Munich Re last issued such a warning in 2011 after losses from an earthquake and tsunami in Japan, a spokeswoman...

  • The U.S. central bank's offices in Miami and Jacksonville dispatched a bulked-up fleet of armored vehicles to pay out $2.9 billion to banks and credit unions in the region, twice their weekly average, according to officials overseeing the emergency response in the Atlanta Fed's district. "It absolutely doubled our normal day to day operations," Mary Gelpi,...

  • NEW YORK, Sept 11- Financial institutions with exposure to U.S. properties hit by Hurricanes Harvey and Irma are tempering their loss estimates, as the damage to homes and businesses has been far less severe than expected. Harvey, which hammered Louisiana and Texas in late August, was also downgraded to a tropical storm and lost steam as it moved inland.

  • HOUSTON, Sept 11- Even as Texas continues to marshal crews to handle Hurricane Harvey debris, Irma's move up the west coast of Florida on Monday promises to stress the effort and leave a combined bill near or topping the multi-billion dollar tab for Katrina, the largest to date. Throughout the weekend, disaster specialist AshBritt Inc, DRC Emergency Services and...

  • LONDON, Sept 11- Zinc and other base metal prices rebounded on Monday as investors and consumers took advantage of a sell-off on Friday to buy at lower levels, with strong economic data from top metals consumer China also supporting the market. "I think it's mainly bargain hunting after that fairly savage sell-off we had on Friday but the market's still nervous,"...

  • LONDON, Sept 11- Zinc and other base metals rebounded on Monday as investors and consumers took advantage of a sell-off on Friday to buy at lower levels, with strong data from top metals consumer China supporting the market. "I think it's mainly bargain hunting after that fairly savage sell-off we had on Friday, but the market's still nervous," said Robin Bhar, head of...

  • NEW YORK, Sept 8- Texas communities flooded by Hurricane Harvey could see their property tax revenues sink, a financial blow that would leave many cities and counties struggling for years. Property taxes are the top source of revenue for local governments in Texas, which depend on it to fund schools, roads and other public services. Texas is one of seven states...

  • *'Go now,' Florida gov. tells people in vulnerable areas. *Gas hard to find in parts of Florida. HAVANA, Sept 8- Hurricane Irma menaced Cuba and the Bahamas on Friday as it drove toward Florida after lashing the Caribbean with devastatingly high winds, killing 19 people and leaving catastrophic destruction in its wake.

  • *'Go now,' Florida gov. tells people in vulnerable areas. *Gas hard to find in parts of Florida. HAVANA, Sept 8- Hurricane Irma menaced Cuba and the Bahamas on Friday as it drove toward Florida after lashing the Caribbean with devastating winds and torrential rain, killing 19 people and leaving a swathe of catastrophic destruction.

  • WASHINGTON/ HOUSTON, Sept 1- Nearly a week after Hurricane Harvey swamped her home in northeast Houston, Mimi Wilson is pondering how to start a new life with nothing- no house, no car and no paycheck after missing work. FEMA's response to tens of thousands of storm victims such as Wilson will be closely watched as the agency continues to repair an image badly damaged...

  • WASHINGTON/ HOUSTON, Sept 1- Nearly a week after Hurricane Harvey swamped her home in northeast Houston, Mimi Wilson is pondering how to start a new life with nothing- no house, no car and no paycheck after missing work. FEMA's response to tens of thousands of storm victims such as Wilson will be closely watched as the agency continues to repair an image badly damaged...

  • WASHINGTON/ HOUSTON, Sept 1- Nearly a week after Hurricane Harvey swamped her home in northeast Houston, Mimi Wilson is pondering how to start a new life with nothing- no house, no car and no paycheck after missing work. FEMA's response to tens of thousands of storm victims such as Wilson will be closely watched as the agency continues to repair an image badly damaged...

  • WASHINGTON/ HOUSTON, Sept 1- Nearly a week after Hurricane Harvey swamped her home in northeast Houston, Mimi Wilson is pondering how to start a new life with nothing- no house, no car and no paycheck after missing work. FEMA's response to tens of thousands of storm victims such as Wilson will be closely watched as the agency continues to repair an image badly damaged...

  • WASHINGTON/ HOUSTON, Sept 1- Nearly a week after Hurricane Harvey swamped her home in northeast Houston, Mimi Wilson is pondering how to start a new life with nothing- no house, no car and no paycheck after missing work. FEMA's response to tens of thousands of storm victims such as Wilson will be closely watched as the agency continues to repair an image badly damaged...

  • WASHINGTON/ HOUSTON, Sept 1- Nearly a week after Hurricane Harvey swamped her home in northeast Houston, Mimi Wilson is pondering how to start a new life with nothing- no house, no car and no paycheck after missing work. FEMA's response to tens of thousands of storm victims such as Wilson will be closely watched as the agency continues to repair an image badly damaged...