Top News & Analysis New Orleans

  • New Orleans invests $1 billion in airport improvements

    CNBC's Phil LeBeau reports that New Orleans is investing about $1 billion to upgrade its airport. He explains why.

  • NEW YORK, May 13- Many Hollywood stars are known for their lavish spending, but Hill Harper is far on the other end of the spectrum. He gives out sound money advice- not in character on TV, but in real life, with his knowledge gained as a Harvard- trained lawyer and serial entrepreneur. While his first major break was in Spike Lee's "Get on the Bus," Harper, 52, is probably best...

  • LONDON, March 19- Another 100 tonnes of zinc were loaded out of the London Metal Exchange warehouse system on Monday. The LME three-month price rose to an eight-month high of $2,882 per tonne last week, up 18 percent this year, before easing slightly to current levels of $2,800. The exchange's stock reports have thrown up many surprises over the intervening years,...

  • LONDON, March 19- Another 100 tonnes of zinc were loaded out of the London Metal Exchange warehouse system on Monday. The LME three-month price rose to an eight-month high of $2,882 per tonne last week, up 18 percent this year, before easing slightly to current levels of $2,800. The exchange's stock reports have thrown up many surprises over the intervening years,...

  • March 16- Non-invasive heart valve replacement systems from Medtronic Plc and rival Edwards Lifesciences Corp proved as good or better than open heart surgery in younger, more active patients for whom the surgical option was deemed low risk, according to trial results presented on Saturday. An estimated 165,000 low-risk patients suffer from severe aortic...

  • But revenues have fallen short of forecasts by half, leaving Louisiana with a gap in financing for a $50 billion plan for projects to raise levees, build flood gates, widen evacuation routes and protect its eroding coastline. The stakes are particularly high for Louisiana, which has lost about 2,000 square miles of land over the last century because of...

  • Wellington Management Company LLP's decision last month to speak out against drug maker Bristol-Myers Squibb Co's proposed $74 billion acquisition of Celgene Corp, calling what would be the largest-ever pharmaceutical takeover too risky and expensive, sent ripples across the investment world. This is because these tactics have typically been the...

  • NEW ORLEANS, March 14- Global economic uncertainty will lead to a slowdown in corporate mergers and acquisitions in 2019, a top Citigroup Inc investment banker said on Thursday. "We are heading into 2019 with substantially less momentum than in 2018," Mark Shafir, Citigroup's global co-head of mergers and acquisitions, told the Tulane Corporate Law Institute...

  • One lock on the Ohio River became impassable last week, halting vessels moving to and from the Mississippi River until as late as March 9, they said. The transport problems come as the United States and China, the world's biggest soy importer, are trying to hammer out a trade deal after months of tariffs on billions of dollars worth of each others' goods.

  • LONDON, Feb 21- Is copper finally about to break up out of its well-trodden seven-month range? London Metal Exchange three-month copper came tantalisingly close on Wednesday with a mini-surge to $6,426.50, challenging the upper band of the $5,725 to $6,440 range that has defined the market since July 2018. Glencore set the ball rolling with an announcement...

  • Congested airport terminals and gates have areas that many frequent travelers are willing to pay a fee to avoid – and there are alternatives on offer.

  • President Donald Trump on Monday defended his tough trade policies in front of thousands of farmers who have suffered because of his trade war with China, disappointing some who had hoped to hear a plan for a swift resolution. Trump dedicated much of his speech to explaining why he believes the United States needs a wall on its southern border, in his second...

  • President Donald Trump on Monday defended his tough trade policies in front of thousands of farmers who have suffered because of his trade war with China, disappointing some who had hoped to hear a plan for a swift resolution. China bought about $12 billion in American soy in 2017, but mostly shifted purchases to Brazil last year because of the trade dispute.

  • President Donald Trump on Monday defended his tough trade policies in front of thousands of farmers, a key constituency that has struggled because of his trade war with China, and promised fair trade deals that will put America's rural heartland back on its feet. "We've taken the toughest ever actions to address China's unfair trade practices," Trump told...

  • A Cargill grain elevator at Hales Point, Tennessee, closed this week, a casualty of rising waters from the Mississippi River that flooded a highway next to the facility, a Cargill website said. "High water on the Ohio and the lower Mississippi is causing problems all down the river system," a Kentucky- based grain trader said, adding, "Even down at the Gulf, the high water...

  • Jan 7- The U.S. Supreme Court on Monday turned away a whistleblower's bid to revive a $663.4 million judgment against Trinity Industries Inc in a lawsuit accusing the company of failing to tell a federal agency about changes made to a guardrail system that raised safety concerns. The justices left in place a 2017 decision by the New Orleans- based 5th U.S. Circuit...

  • Rainbow over a Chilean fjord

    For travelers whose new year's resolutions include traveling more, industry experts have no shortage of suggestions.

  • Detroit, Michigan

    In a lot of these cities, rents went up faster than incomes did.

  • Dec 20- Technology stocks led a slide on Wall Street on Thursday, with the S&P 500 languishing at 15- month lows and the Nasdaq flirting with bear market territory, after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike path. Adding to the gloom were a few disappointing earnings reports and the U.S. Congress scrambling to agree...

  • The court, in a 8-0 decision written by Chief Justice John Roberts, threw out a 2016 ruling by the New Orleans- based 5th U.S. Circuit Court of Appeals that had favored the U.S. Fish and Wildlife Service, finding the lower court gave the government too much leeway. Weyerhaeuser harvests timber on the Louisiana land in question and was backed in the case by fellow...