Top News & Analysis New Orleans

  • Tropical Storm Barry's wind and rain began hitting parts of Louisiana early Friday as New Orleans and coastal communities braced for a drenching.

  • HOUSTON, July 10- U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains. As the potential hurricane, to be named Barry, approached Louisiana, Governor John Bel Edwards on...

  • HOUSTON, July 10- U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains. Louisiana Governor John Bel Edwards on Wednesday declared a state of emergency, warning that up to 15...

  • Terrian Jones reacts as she feels something moving in the water at her feet as she carries Drew and Chance Furlough to their mother on Belfast Street in New Orleans during flooding from a storm in the Gulf Mexico that dumped lots of rain Wednesday, July 10, 2019.

    "This was next-level in terms of the absolute deluge of water coming down so fast," a teacher visiting New Orleans said of the heavy rain that caused the flooding.

  • NEW ORLEANS, July 9- The future of Obamacare could be at stake on Tuesday when a group of Democratic-led states and the House of Representatives urge a federal appeals court to overturn a Texas judge's ruling that the U.S. healthcare reform law is unconstitutional. The Justice Department would normally defend a federal law, but the Trump administration has...

  • NEW ORLEANS, July 9- The future of Obamacare could be at stake on Tuesday when a coalition of Democratic-led states and House of Representatives urge a federal appeals court to overturn a Texas judge's ruling that the U.S. healthcare reform law is unconstitutional. A three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans, including two judges...

  • Gulf of Mexico on Sunday morning while testing mandatory safety equipment, the company said on Monday. A Shell employee and a contractor with Danos Inc, an oilfield services provider, were killed during a routine test of a lifeboat launch and retrieval capabilities at the platform located 214 miles south of New Orleans, the statement said.

  • July 1- Royal Dutch Shell confirmed two fatalities as a result of an incident at its Auger Tension Leg Platform in the deep-water U.S. Gulf of Mexico on Sunday morning. The accident occurred around 9:00 a.m. CST during a routine and mandatory test of a lifeboat launch and retrieval capabilities at the platform, located 214 miles south of New Orleans.

  • June 17- A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver for companies once run by Allen Stanford, the Texas financier serving a 110- year prison term for running a large Ponzi scheme. By a 3-0 vote, the 5th U.S. Circuit Court of Appeals said the judge who approved the accord lacked...

  • WASHINGTON, June 12- Polish Oil and Gas Company signed an agreement on Wednesday with U.S. company Venture Global LNG to buy 1.5 million metric tons of liquefied natural gas per year, as the country seeks alternative supplies of gas than Russia. It is seeking to offer Europe alternative sources of gas to fuel sent via pipeline from Russia, which is generally...

  • Dr John performs at Under The Bridge on July 18, 2012 in London, England.

    Dr. John, a six-time Grammy winner who in his incarnation as the "Night Tripper" brought the New Orleans voodoo vibe to America's music scene and became one of the most venerated pianists in the city's musical history, died on Thursday at age 77.

  • CHICAGO, June 4- U.S. soybean exporters are facing what may be their busiest and most logistically challenging summer due to an unprecedented backlog of soybeans purchased by China that still needs to be shipped and widespread floods in the U.S. While there is little hope for a prompt U.S.- China trade deal, some 7 million tonnes of U.S. soybeans bought before...

  • LONDON, May 30- The London zinc market is in the grip of the most protracted and acute squeeze in 30 years. On the London Metal Exchange, the benchmark spread-- the difference between the cash price and that for three-month delivery-- flexed as wide as $161 per tonne this week before closing on Wednesday at $149. Now there are LME warehouses in multiple locations in both...

  • NEW YORK, May 23- U.S. stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating U.S.- China trade war would stymie global economic growth. Further fueling trade fears among investors, Beijing said that Washington needs to correct its "wrong...

  • 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...

  • 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.

  • 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.

  • New Orleans sees 25% drop in steel shipments due to trade

    CNBC's Jackie DeAngelis reports on the effect tariffs are having on steel shipments in New Orleans.