Business & Industry

March 21, 2019 - 7:49 pm
BATON ROUGE, La. (AP) — Louisiana will borrow $185 million in April to finance highly sought roadwork across the state, ranging from the widening of Interstate 10 in the capital city to a new Interstate 20 access for Barksdale Air Force Base. The Bond Commission, a panel of statewide elected...
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March 21, 2019 - 7:37 pm
NEW ORLEANS (AP) — Oil and gas companies made $244.3 million in high bids for federal leases in the Gulf of Mexico, about 37 percent above what the last gulf-wide sale generated in August and nearly twice as much as a sale a year ago. The Advocate reports the Bureau of Ocean Energy Management said...
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March 21, 2019 - 7:30 pm
(WWL.com) - The Louisiana Oil and Gas Association has gathered for it’s annual gathering in Lake Charles with the industry showing some signs of life in the Gulf of Mexico and Haynesville Shale. President Gifford Briggs says rig activity in the Gulf has doubled since the 2016 downturn, which should...
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March 21, 2019 - 3:47 pm
Frank Miller reporting... Stocks finished solidly in the green with the Dow up over 200 points Thursday. Stocks started off in the red though, as traders continued to react to the Fed’s monetary policy announcement yesterday. The central bank kept rates unchanged and indicated that it does not...
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FILE- In this Feb. 26, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Capitol Hill in Washington. On Wednesday, March 20, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Kevin Wolf, File)
March 20, 2019 - 2:22 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:10 p.m. Federal Reserve Chairman Jerome Powell explained Wednesday why he thinks a recent stumble in the U.S. economy's growth will be temporary. Consumers appeared to pull back this winter, with...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Wednesday, March 20, 2019. Markets in Asia are mostly lower after a lackluster day of trading on Wall Street.(AP Photo/Mark Schiefelbein)
March 19, 2019 - 11:11 pm
BANGKOK (AP) — Markets in Asia are mostly lower after a lackluster day of trading on Wall Street. Mixed signals on the progress of China-U.S. trade talks also revived caution in Chinese markets. The Shanghai Composite lost 1 percent to 3,059.17 in early trading Wednesday and Hong Kong's Hang Seng...
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March 17, 2019 - 2:15 pm
LOS ANGELES (AP) — "Captain Marvel" has continued to dominate the global box office in its second weekend in theaters, leaving newcomers in the dust. Walt Disney Studios estimated Sunday that the intergalactic superhero fell only 55 percent from its record-breaking opening. This weekend, "Captain...
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March 16, 2019 - 11:40 am
A former Louisiana congressman is now head of the Economic Development Administration in the U.S. Department of Commerce. A news release says Dr. John Fleming was sworn in Friday as the Commerce Department's assistant secretary for economic development. The physician, businessman and former Webster...
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March 15, 2019 - 4:09 pm
Jim Chesko reporting.. Wall Street closed out the week on a positive note, with stocks notching solid gains -- the Dow Industrials rising 139 points. The Nasdaq Composite gained 57 while, the S&P 500 added 14. Oil futures finished marginally lower, snapping a four-day winning streak. April...
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FILE- In this March 5, 2019, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, March 15. (AP Photo/Richard Drew, File)
March 15, 2019 - 3:58 pm
Wall Street finished the week with solid gains Friday as technology stocks notched their best week in four months. Financial, health care and consumer stocks joined in the market rally. The gains erased losses from last week, when the S&P 500 had its worst week of the year. The benchmark index...
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