New Orleans Business NewsThe latest business news from New Orleans and south Louisiana
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BUSINESS NEWS
Oil spill closes traffic on Mississippi River
by
Rebecca Mowbray, The Times-Picayune
Wednesday July 23, 2008, 7:43 PM
Ship traffic on the lower Mississippi River stopped Wednesday as an oil spill from an early morning accident between a tanker and a barge closed a 47-mile stretch of the nation's major waterway.
Continue reading "Oil spill closes traffic on Mississippi River" »Convention center to house first responders during mandatory evacuations
by
Jaquetta White, The Times-Picayune
Wednesday July 23, 2008, 5:33 PM
The Ernest N. Morial Convention Center - New Orleans will be used to house three law enforcement agencies in the event of a mandatory evacuation.
Greater New Orleans, Inc. launches regional workforce survey
by
The Times-Picayune
Wednesday July 23, 2008, 3:21 PM
The regional economic alliance Greater New Orleans, Inc. has hired a research team to perform an analysis of workforce trends across the metro area, believed to be the first of its kind since Hurricane Katrina.
Continue reading "Greater New Orleans, Inc. launches regional workforce survey" »Greater New Orleans, Inc. launches regional workforce survey
by
The Times-Picayune
Wednesday July 23, 2008, 3:21 PM
The regional economic alliance Greater New Orleans, Inc. has hired a research team to perform an analysis of workforce trends across the metro area, believed to be the first of its kind since Hurricane Katrina.
Continue reading "Greater New Orleans, Inc. launches regional workforce survey" »Energy sector evacuated 62 Gulf of Mexico production platforms in advance of Hurricane Dolly
by The Times-Picayune
Wednesday July 23, 2008, 2:53 PM
Offshore oil and gas operators evacuated personnel from 62 production platforms and eight rigs in the Gulf of Mexico because of Hurricane Dolly, according to the Minerals Management Service.
Continue reading "Energy sector evacuated 62 Gulf of Mexico production platforms in advance of Hurricane Dolly" »Average local gas price dipped overnight
by The Times-Picayune
Wednesday July 23, 2008, 10:36 AM
The average price of gasoline in the metro New Orleans area fell to $3.957 a gallon overnight, down from $3.962 a gallon on Tuesday, according to AAA.
Continue reading "Average local gas price dipped overnight" »Stewart Enterprises forms committee to evaluate options in the face of takeover bid
by The Times-Picayune
Wednesday July 23, 2008, 9:46 AM
Stewart Enterprises, the Jefferson funeral services company that is the subject of a takeover bid from Service Corp. International, said this morning that it has formed a committee to evaluate ways the company can maximize shareholder value. The committee has also been empowered to hire an investment banker or other advisor as deemed appropriate.
Continue reading "Stewart Enterprises forms committee to evaluate options in the face of takeover bid" »Grants awarded to train workers for energy industry careers
by The Times-Picayune
Wednesday July 23, 2008, 7:10 AM
The U.S. Department of Labor has awarded $10 million to projects -- including one in Louisiana -- that provide job training to workers considering careers in the energy industry.
Delgado to officially open new office for Northshore Allied Health program today
by The Times-Picayune
Wednesday July 23, 2008, 7:00 AM
Delgado Community College will hold a ribbon cutting ceremony this afternoon at the new home of its Northshore Allied Health program.
Continue reading "Delgado to officially open new office for Northshore Allied Health program today" »Hancock Holding weighs in with higher second-quarter net income
by The Times-Picayune
Tuesday July 22, 2008, 3:15 PM
Hancock Holding Company said this afternoon that its net income climbed during the second quarter.
Continue reading "Hancock Holding weighs in with higher second-quarter net income" »Energy industry continues evacuating Gulf of Mexico in advance of Dolly
by The Times-Picayune
Tuesday July 22, 2008, 2:53 PM
Offshore oil and gas operators in the Gulf of Mexico are continuing to evacuate platforms and rigs today in the path of Tropical Storm Dolly.
Continue reading "Energy industry continues evacuating Gulf of Mexico in advance of Dolly" »CVB wins award
by The Times-Picayune
Tuesday July 22, 2008, 2:51 PM
The New Orleans Metropolitan Convention and Visitors Bureau has been recognized by Meetings and Conventions Magazine as one of the top visitor bureaus in the world, according to an announcement released by the visitors bureau.
Continue reading "CVB wins award" »Stewart Enterprises receives new takeover offer from Service Corp. International
by The Times-Picayune
Tuesday July 22, 2008, 12:37 PM
Stewart Enterprises Inc., the Jefferson funeral services company that earlier this month rebuffed a takeover offer from Service Corp. International, has received an even higher bid from the same company.
Continue reading "Stewart Enterprises receives new takeover offer from Service Corp. International" »IberiaBank reports lower earnings after acquiring troubled Arkansas financial institution
by The Times-Picayune
Tuesday July 22, 2008, 10:12 AM
IberiaBank Corp. said this morning that its earnings fell in the second quarter, in part because of liabilities it incurred as a result of its May acquisition of ANB Financial, an institution that was shut down by the Federal Deposit Insurance Corp.
Continue reading "IberiaBank reports lower earnings after acquiring troubled Arkansas financial institution" »Average local gas price stands at $3.962 a gallon this morning
by The Times-Picayune
Tuesday July 22, 2008, 9:49 AM
The average price of unleaded gasoline in the metro New Orleans area stands at $3.962 a gallon this morning, down from $3.973 a gallon on Monday, according to AAA.
Continue reading "Average local gas price stands at $3.962 a gallon this morning" »Whitney's second-quarter earnings hurt by credit problems
by Jen DeGregorio, The Times-Picayune
Tuesday July 22, 2008, 8:18 AM
The deterioration of Florida's real estate market continues to drain the pocketbook of Whitney Holding Corporation, which Tuesday announced a dip in earnings of 61 percent since last year.
"The world needs copper, and we've got a company that's positioned to provide it," Freeport CEO says after releasing earnings
by The Times-Picayune
Tuesday July 22, 2008, 8:11 AM
Freeport-McMoRan Copper & Gold Inc. said Tuesday that its earnings slipped in the second quarter as costs climbed and as the company mined through a lower-grade section of its Grasberg mine in Indonesia.
Nominations being accepted for Governor's Arts Awards
by The Times-Picayune
Tuesday July 22, 2008, 7:00 AM
The Louisiana Division of the Arts in the Department of Culture, Recreation and Tourism are now accepting nominations for the 2008 Governor's Arts Awards. The annual Arts Awards recognizes Louisiana's artists, arts educators, businesses and arts organizations.
Louisiana Citizens asks high court for class action ruling
by Rebecca Mowbray, The Times-Picayune
Monday July 21, 2008, 6:27 PM
Louisiana Citizens Property Insurance Corp. has asked the Louisiana Supreme Court to overturn two lower court decisions that allowed individual hurricane insurance disputes about the timely payment of claims to be treated as a class action lawsuit.
Continue reading "Louisiana Citizens asks high court for class action ruling" »Volunteer CPAs offering assistance to local firms this week
by Jaquetta White, The Times-Picayune
Monday July 21, 2008, 5:05 PM
Lucristia Woods was planning to shut down her company, Cristal's Transportation Service, after Hurricane Katrina. In the years before the storm, she had fallen behind on tax filings. Meanwhile, the 16-year-old company was only making enough money to cover its costs and not enough to pay her a salary.
New Orleans center receives grant from U.S. Department of Labor
by The Times-Picayune
Monday July 21, 2008, 3:20 PM
The U.S. Department of Labor's Employment and Training Administration awarded nearly $9 million today to groups -- including one in New Orleans -- that provide skills-based education in construction to at-risk young people.
Gulf of Mexico operators are evacuating platforms, rigs today in advance of Tropical Storm Dolly
by The Times-Picayune
Monday July 21, 2008, 1:46 PM
Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs today in the path of Tropical Storm Dolly.
Continue reading "Gulf of Mexico operators are evacuating platforms, rigs today in advance of Tropical Storm Dolly" »Southern Scrap of New Orleans moves to St. Charles Parish
by Jen DeGregorio, The Times-Picayune
Monday July 21, 2008, 1:35 PM
Metal recycling firm Southern Scrap is shifting part of its operations from New Orleans to a new facility in St. Charles Parish.
Continue reading "Southern Scrap of New Orleans moves to St. Charles Parish" »Stone Energy Corp. named in shareholder's lawsuit
by The Times-Picayune
Monday July 21, 2008, 11:32 AM
Stone Energy Corp. of Lafayette has been named in a lawsuit filed by a shareholder of the Nevada energy company it agreed to acquire earlier this year.
Continue reading "Stone Energy Corp. named in shareholder's lawsuit" »- Latest Market Updates
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