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Top News & Analysis New Orleans

  • San Francisco- based Instacart raised $400 million in its latest financing round in March, boosting the company's valuation to $3.4 billion as investors showed more enthusiasm for a business model whose viability had long been in question. Instacart is backed by prominent venture capital firms such as Sequoia Capital, Khosla Ventures, Kleiner Perkins...

  • SAN FRANCISCO, May 1- Airbnb Inc and the city of San Francisco have settled a year-long lawsuit over a local ordinance forbidding the home-rental company from taking bookings from hosts who have not properly registered their homes. The settlement, which Airbnb announced during a call with reporters on Monday, marks the latest effort by the company to...

  • First NBC was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as the receiver. The regulator said Gulfport, Mississippi- based Whitney Bank would assume all of First NBC's transactional deposits and branches. Whitney Bank will reopen 24 branches of First NBC in Louisiana and five branches...

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut some funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do not cooperate with federal immigration authorities. Those threatened were: the state of California; New...

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut off funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do not cooperate with federal immigration authorities. Those threatened include: the state of California; New...

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut off funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called "sanctuary cities" that do not cooperate with federal immigration authorities. Those threatened include: the state of California; New...

  • WASHINGTON, April 21- The U.S. Department of Justice threatened on Friday to cut off funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called "sanctuary cities" that do not cooperate with federal immigration authorities. Those threatened include: the state of California; New...

  • BUFFALO, New York, April 21- Laicie Manzella lived in a rundown house on Buffalos east side when three of her children tested with dangerously high levels of lead in their blood. A Reuters investigation found at least four city zip codes here where 40 percent of children tested from 2006 to 2014 had high lead levels, making Buffalo among the most dangerous lead...

  • This time it is the turn of Access World, the metal logistics arm of Glencore that was previously known as Pacorini Metals, to feel the regulatory heat. Its U.S. subsidiary has just been hit with a $1.4- million fine plus costs for, the LME alleges, falsifying documents related to its storage of zinc in the U.S. port of New Orleans. Access World has settled with the LME...

  • Mergers & acquisitions professionals are talking about dealmaking in the Trump administration era at Tulane's 29th Annual Corporate Law Institute.

    "At least for the next year, there are not going to be a lot of companies willing to stand in front of a freight train," one M&A attorney says.

  • SAN FRANCISCO, March 29- Blue Apron, the biggest U.S. meal kit company, has hired investment bankers to lead its 2017 initial public offering, according to people familiar with the matter. New York City- based Blue Apron has selected Goldman Sachs, Morgan Stanley and Citigroup Inc to lead the offering that could come as soon as this fall, the sources said.

  • *Copper down 0.7 pct at $5,760 after touching $5,671. Benchmark copper on the London Metal Exchange ended 0.7 percent down at $5,760 a tonne, having touched $5,671, its lowest since March 9. "His failure on Obamacare has created uncertainty about whether he can push his policies through Congress."

  • Benchmark copper on the London Metal Exchange was down 1.6 percent at $5,712 a tonne by 1127 GMT. "His failure on Obamacare has created uncertainty about whether he can push his policies through Congress." HEALTHCARE: Trump suffered a political setback on Friday in a Congress controlled by his own party when Republican leaders pulled legislation to overhaul...

  • MobileQubes co-founder and CEO Sean Carrigan (left) and Jason Palmer, COO

    This 2014 start-up provides self-service kiosks so customers can rent portable battery packs to charge mobile devices on the go.

  • New Orleans, Louisiana Downtown Skyline

    The truck struck three other vehicles, including a dump truck, before veering onto the median where a crowd of people stood.

  • President Donald Trump holds up a statue he received as a gift while meeting with county sheriffs in the Oval Office of the White House on February 7, 2017 in Washington, DC.

    Here are some of the key stories CNBC is following this hour.

  • AstraZeneca has scrapped a $3.5 billion-a-year sales target for failed heart drug Brilinta by 2023.

  • Sidney Torres (right) with New Orleans Mayor Mitch Landrieu.

    New Orleans entrepreneur Sidney Torres put up his own money to address his city's problems after robbers broke into his home.

  • Entrepreneur:

    Serial entrepreneur Sidney Torres IV says business leaders should step up to solve problems that the government has not.

  • Blind man sues McDonald's after denied drive-thru service

    The vision-impaired man says he was laughed at and turned away from service after walking up to the drive-thru.