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Top News & Analysis New Orleans

  • Jan 17- Several major U.S. Gulf Coast refineries were restarting operations on Wednesday as temperatures warmed following record lows across the region overnight, freezing instrumentation and snapping power lines, according to refining sources. The cold weather affected operations at Motiva Enterprises' 603,000 barrel per day Port Arthur, Texas, refinery,...

  • Minnesota Vikings fans enjoy the atmopshere prior to the NFL International Series game between Pittsburgh Steelers and Minnesota Vikings at Wembley Stadium on September 29, 2013 in London, England.

    New Orleans Saints safety Marcus Williams made the biggest play in the fourth quarter of Sunday's playoff game. No one will remember it.

  • LONDON, Jan 15- Zinc hit another 10- year high on Monday as base metals rallied across the board on the back of a faltering dollar, with expectations that the European Central Bank may start trimming its stimulus program lifting the euro to a three-year peak. "It is a dollar story... which is behind this move," said ING analyst Warren Patterson. *ZINC PRICES: Three-month...

  • LONDON, Jan 15- Zinc hit another 10- year high on Monday as base metals rallied across the board on the back of a faltering dollar, with expectations that the European Central Bank may start trimming its stimulus program lifting the euro to a three-year peak. "It is a dollar story this morning which is behind this move," ING analyst Warren Patterson said.

  • BATON ROUGE, La.— Environmental groups have sued the U.S. Army Corps of Engineers in a bid to block construction of a 162- mile-long crude oil pipeline across south Louisiana, including through the environmentally fragile Atchafalaya Basin river swamp. Dallas- based Energy Transfer Partners plans to build the 24- inch-wide pipeline from Lake Charles to St....

  • NEW YORK— A former official at Columbia University's Teachers College pocketed at least $350,000 by carrying out a decades-long scheme that dished out hundreds of thousands of dollars in financial aid in exchange for kickbacks from three students, authorities said Thursday. Melanie Williams-Bethea, director of financial aid at Teachers College until...

  • LONDON, Jan 8- Zinc has started the new year with a bang, hitting a fresh 10- year high of $3,380 per tonne in the first week of trading on the London Metal Exchange. Few seem to be expecting a return to such extreme pricing but, with funds adding length in both London and Shanghai, there are still many betting that zinc's two-year bull charge isn't over just yet.

  • LONDON, Jan 8- Zinc has started the new year with a bang, hitting a fresh 10- year high of $3,380 per tonne in the first week of trading on the London Metal Exchange. Few seem to be expecting a return to such extreme pricing but, with funds adding length in both London and Shanghai, there are still many betting that zinc's two-year bull charge isn't over just yet.

  • LONDON, Dec 19- Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year's hurricanes and wildfires. Credit Suisse Asset Management, Securis Investment Partners and Stone Ridge Asset Management are all launching new funds in insurance-linked securities such as catastrophe bonds, sources...

  • LONDON, Dec 14- When Glencore announced it was curtailing 500,000 tonnes of capacity at its zinc mines in October 2015, the price of three-month zinc on the London Metal Exchange was $1,700 per tonne. The price is now $3,175 per tonne, hovering within striking distance of last month's 10- year high of $3,326. So what happens next, now the company has just announced...

  • ABOARD THE OLIVER C. SHEARER, Ohio River, Dec 5- A merica's worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a waterborne parking lot, as ship captains waited for the river to reopen. Such delays are worsening on the nation's waterways, which are critical to commerce for the...

  • ABOARD THE OLIVER C. SHEARER, Ohio River, Dec 5- A merica's worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a waterborne parking lot, as ship captains waited for the river to reopen. Such delays are worsening on the nation's waterways, which are critical to commerce for the...

  • Hurricanes in the United States and the Caribbean in August and September are expected to cause at least $100 billion in insured losses, reinsurers and risk-modelling agencies have said. The sector is looking "quite an interesting place to be", said Nick Martin, manager of Polar Capital's $1.3 billion insurance long-only fund, adding that years of falling rates...

  • Hurricanes in the United States and the Caribbean in August and September are expected to cause at least $100 billion in insured losses, reinsurers and risk-modeling agencies have said. The sector is looking "quite an interesting place to be," said Nick Martin, manager of Polar Capital's $1.3 billion insurance long-only fund, adding that years of falling rates...

  • LONDON, Nov 15- The Dugald River zinc mine in the Australian state of Queensland made its maiden shipment of concentrates earlier this month. They're even looking to revive the giant Century mine in Australia. Once operated by Dugald River's owner MMG, Century's closure in 2015 was a symbolic milestone on the road to global market deficit.

  • ZURICH, Nov 10- Novartis's bid to move in on Bayer's and Regeneron's eye-drug turf was buoyed on Friday by data showing patients on the Swiss drugmaker's new RTH258 drug showed less disease activity than those on its rivals' drug Eylea. The Basel- based drugmaker hopes this latest analysis lends RTH258 additional muscle when matched head-to-head with Eylea as...

  • *New 2 billion euro share buy-back program. FRANKFURT, Nov 10- Allianz has slightly downgraded its profit outlook for the full year after increased claims from natural disasters in North America, the German insurance giant's finance chief said. Hurricanes Harvey, Irma and Maria, two earthquakes in Mexico, and fires in California have prompted the insurer to...

  • FRANKFURT, Nov 9- Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance giant Munich Re said on Thursday. Damages from storms Harvey, Irma and Maria of that magnitude would exceed by far industry-wide losses of about $74 billion caused by Hurricane Katrina, which hit New Orleans in...

  • DETROIT, Oct 31- When U.S. authorities arrested Arthur Rathburn last year, they hailed their investigation as a milestone in efforts to police a growing industry: brokers who acquire bodies donated to science, dissect them and sell or lease the parts for profit. In the mid-2000s, for example, New York state health inspectors twice reprimanded him for failure to...

  • NEW YORK/ HOUSTON, Oct 30- Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. Most terminal operators and companies will not disclose capacity, and federal agencies like...