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Content Tagged As economy

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  • President Barack Obama takes victory lap on economy

    February 5, 2016 1:58 PM

    WASHINGTON - President Barack Obama is using new jobs numbers to take a victory lap on the economy. Obama says the U.S. has "the strongest, most durable economy in the world." He pointed to wage and income growth, job growth, lower oil prices and increasing health insurance as evidence of... more »
  • Chevron expected to cut hundreds of jobs in Covington and Lafayette

    February 5, 2016 10:50 AM

    BATON ROUGE- Chevron North America issued a Worker Adjustment and Retraining Notification (WARN) Friday, announcing possible layouts at five of their offices in Covington and Lafayette. In a news release sent out today, the company said it's refocusing its efforts on increasing its efficiency and cutting costs due to the... more »
  • Edwards to outline parameters Friday for special session

    February 5, 2016 4:55 AM

    BATON ROUGE- Gov. John Bel Edwards is readying to release his outline for a special legislative session he is calling to stabilize Louisiana's finances. The Democratic governor said he intends to issue the executive order Friday, setting the dates and parameters for the session to begin Feb. 14. Edwards says... more »
  • Over 1 million face loss of food aid over work requirements

    January 30, 2016 2:53 PM

    JEFFERSON CITY, Mo. - More than 1 million low-income residents in 21 states could soon lose their government food stamps if they fail to meet work requirements that began kicking in this month. The rule change in the federal Supplemental Nutrition Assistance Program was triggered by the improving economy -... more »
  • Report says nearly half of La. residents struggle to make ends meet

    January 27, 2016 2:14 PM

    BATON ROUGE - A new report from the United Way says nearly half of the people living in Baton Rouge, along with 40 percent of homes in Louisiana, are hovering in an area where they're not quite in abject poverty but not quite able to keep their heads above water... more »
  • Southern releases midyear budget cut details

    January 25, 2016 10:02 PM

    BATON ROUGE - In a plan released Monday night, Southern said worst-case-scenario budget cuts could effectively close the institution. Because of the dire budget situation in Louisiana, Governor John Bel Edwards has asked state colleges and universities to submit proposals on cutting spending. The state currently faces a $750... more »
  • Initial unemployment claims in Louisiana fall

    January 22, 2016 12:39 PM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Jan. 16 decreased from the previous week's total. The state labor department figures released Friday show the initial claims fell to 3,485 from the previous week's total of 4,203. For the comparable week a year... more »
  • Stocks routed again as oil slide seems bottomless

    January 20, 2016 11:34 AM

    NEW YORK - Energy stocks are leading another sell-off on Wall Street as the price of oil continues to plunge. U.S. crude dropped 2 percent to just under $28 a barrel in New York early Wednesday. Dropping energy prices is a sign that the global economy is slowing down. Oil... more »
  • Gas prices falling to record lows Play Video

    January 18, 2016 11:07 PM

    BATON ROUGE - Fuel prices could drop to pre-Katrina levels by the end of the week. Prices at the pump fell as the trading price of a barrel of crude continued to drop. With an already large supply, the amount of crude on the market will thicken as Iran... more »
  • President Obama greets excited crowd in Baton Rouge Play Video

    January 14, 2016 9:00 AM

    BATON ROUGE - A crowd of hundreds greeted President Barack Obama with cheers and shouts as he entered McKinley High School Thursday, and the president responded with "Geaux Tigers!" The president was introduced by Che'dra Joseph , McKinley High School's Student of the Year. The school gym where Obama's... more »
  • 3 winning tickets in $1.6B Powerball drawing

    January 13, 2016 11:03 PM

    BATON ROUGE - Louisiana lottery officials say tickets sold in California, Tennessee and Florida won Wednesday's world record $1.6 billion Powerball drawing. The top prize for Saturday's drawing will be $40 million. There was one Match 5 ticket purchased in Franklinton and it's worth $1 million. There... more »
  • Fed says economy expanded somewhat in 9 of 12 districts

    January 13, 2016 4:07 PM

    WASHINGTON - The Federal Reserve says the economy expanded across most of the United States in December and early January. The Fed says in its latest snapshot of the economy that nine of its 12 regional banks reported modest or moderate growth in the latest period. The New... more »
  • Initial unemployment claims in Louisiana rise

    January 11, 2016 11:10 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Jan. 2 increased from the previous week's total. The state labor department figures released Monday show the initial claims increased to 2,459 from the previous week's total of 2,398. For the comparable week a year earlier,... more »
  • Macy's closing Cortana location in coming weeks

    January 6, 2016 4:58 PM

    BATON ROUGE - Macy's will close its Cortana Mall location sometime in early 2016, the company announced Tuesday. The company said the closure is one of 40 that are happening or have already happened and will reduce expenses by $400 million. Earlier in the day, Macy's said sales fell... more »
  • Survey: Growth at US services companies slowed in December

    January 6, 2016 11:55 AM

    WASHINGTON - A private survey says U.S. services companies grew in December at the slowest pace since early 2014. The Institute for Supply Management said Wednesday that its services index dipped to 55.3 last month from 55.9 in November. The December reading matched the most recent low of 55.3 set... more »
  • Holiday spending up 8 percent, online sales surge

    December 28, 2015 11:06 AM

    NEW YORK - Americans have been doing more of their shopping by sitting at home -- and they've been buying more items to sit on. And overall, spending during the holidays is up by nearly eight percent from a year ago. According to a report released today, Americans spent... more »
  • Unemployment rates fall in 27 US states amid broad hiring

    December 18, 2015 11:15 AM

    WASHINGTON - Unemployment rates fell in more than half of U.S. states in November as employers stepped up hiring. The Labor Department says jobless rates fell in 27 states, rose in 11, and were unchanged in 12 states. Employers added jobs in 35 states, while employment fell in 14. Montana's... more »
  • Study calculates the costs of not stopping land loss

    December 17, 2015 4:46 AM

    NEW ORLEANS- A new state study places a price tag on the costs Louisiana could suffer if land loss continues at the pace predicted by scientists - and it's in the billions of dollars. The Coastal Protection and Restoration Authority commissioned the study on the economic effects of land loss... more »
  • Fed finally lifts key interest rate from near zero

    December 16, 2015 2:04 PM

    WASHINGTON - The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises. The Fed's move to lift its key rate by a quarter-point to a range... more »
  • Government: New vehicles averaged record 24.3 mpg in 2014

    December 16, 2015 1:59 PM

    WASHINGTON - The government says new cars and trucks averaged a record 24.3 miles per gallon last year. But falling gas prices and consumers' rekindled love of SUVs could endanger future fuel economy gains. The Environmental Protection Agency says fuel economy rose last year by two-tenths of a mile per... more »
  • Louisiana economic growth lags nation in second quarter

    December 12, 2015 2:39 PM

    NEW ORLEANS - New figures show Louisiana's economy grew at a 2.4 percent annual rate from April through June, slower than the nation's economy. Gross domestic product numbers released Thursday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Louisiana's performance... more »
  • Congress in final-stage talks on massive budget, tax bills

    December 11, 2015 4:26 AM

    WASHINGTON- Lawmakers and the White House are rushing to finalize a $1.1 trillion government-wide spending bill and a sprawling tax package touching all sectors of the economy. Policy disputes remain as both parties try to attach their priorities to the must-pass spending legislation. Republicans are seeking to lift the oil... more »
  • Economist hired to study Louisiana judges' salaries

    December 9, 2015 4:32 AM

    BATON ROUGE- Louisiana's Judicial Compensation Commission has hired an economist to compare judges' salaries in this state to their colleagues in other states. The commission meets annually to make recommendations to the Legislature on how Louisiana judges' pay should be adjusted to keep pace with other states. Louisiana judges are... more »
  • Council approves 2016 city budget; funds city's largest police force

    December 8, 2015 11:22 PM

    BATON ROUGE - Metro council members approved the mayor's spending plan for next year Tuesday evening. No one voted against the $880 million spending plan that includes significant growth for public safety . The entire budget is about 6% more than the spending plan for 2015. The budget... more »
  • Audit: Monitoring of Medicaid program deemed deficient

    December 8, 2015 8:56 AM

    BATON ROUGE- A state legislative audit shows the state health agency failed to properly oversee an $18 million a year program that provides non-emergency medical transportation to Medicaid recipients. The audit, released Monday, marked the seventh time the Louisiana Department of Health and Hospitals received audit findings that could result... more »
  • US adds healthy 211,000 jobs, making rate hike appear virtually certain

    December 4, 2015 11:53 AM

    WASHINGTON - There's even less doubt now that the Federal Reserve will raise interest rates later this month. The government says November brought some more hiring, with employers adding 211,000 jobs. The unemployment rate remained a low 5 percent for a second straight month. More Americans began looking for jobs... more »
  • Credit agency says La. deficit plan was only 'stop-gap' fix

    December 4, 2015 5:02 AM

    BATON ROUGE- A national credit rating agency says the maneuvers used by Gov. Bobby Jindal and lawmakers to close a $487 million midyear budget gap were only temporary fixes. Fitch Ratings released its analysis Thursday of the work recently done to rebalance this year's $25 billion budget. The assessment was... more »
  • Fed says more consumer spending, housing boost US growth

    December 2, 2015 3:12 PM

    WASHINGTON - The Federal Reserve says the U.S. economy grew at a modest pace this fall, lifted by higher consumer spending and more home sales and construction. The Fed says in its latest snapshot of the economy that nine of its 12 regional banks reported growth was modest or... more »
  • Yellen says economy on track ahead of expected rate hike

    December 2, 2015 12:54 PM

    WASHINGTON - Federal Reserve Chair Janet Yellen indicates that the U.S. economy is on track for an interest rate hike this month, but the Fed will need to review incoming data before making a final decision. Yellen says the economy's progress since its last meeting in October is in... more »
  • Louisiana tax amnesty program resumes today

    December 1, 2015 8:38 AM

    BATON ROUGE- The Louisiana tax amnesty program reopens on Tuesday after being temporarily shutdown due to a paperwork error. During the amnesty period delinquent taxpayers are given a chance to bring their tax accounts up to date by clearing unpaid tax bills and filing overdue state tax returns. The Department... more »
  • Initial unemployment claims in Louisiana fall

    November 30, 2015 2:50 PM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Nov. 21 decreased from the previous week's total. The state labor department figures released Monday show the initial claims fell to 2,404 from the previous week's total of 3,196. For the comparable week a year... more »
  • US pending home sales edge up in October

    November 30, 2015 11:38 AM

    WASHINGTON - Slightly more Americans signed contracts to buy homes in October, in a modest rebound that suggests the real estate market has crested. The National Association of Realtors says its seasonally adjusted pending home sales index rose 0.2 percent to 107.7 last month. The index has increased 3.9 percent... more »
  • Cyber Monday brings last chance for holiday deals

    November 30, 2015 8:38 AM

    BATON ROUGE- The holiday shopping season continues today with Cyber Monday. Retail experts expect about 121 million people to hunt for online deals. The shopping surge began right after Thanksgiving for some. Hundreds of people flocked to stores around Baton Rouge to find the best Black Friday deals. Retail experts... more »
  • Another $48M taken from roadwork, steered to plug deficit

    November 25, 2015 7:18 AM

    BATON ROUGE- Despite a multibillion-dollar list of transportation needs, Gov. Bobby Jindal has swiped $48 million that would have been used on roadwork to instead plug this year's budget deficit. The maneuver was backed by lawmakers on the joint House and Senate budget committee last week. It received little public... more »
  • Local business owners optimistic about holiday spending

    November 24, 2015 4:22 AM

    BATON ROUGE- South Louisiana retailers say they are optimistic about the upcoming holiday shopping season, which will start in earnest at many stores and shopping malls on Thanksgiving night. Baton Rouge's Mall of Louisiana General Manager Tony Stephens says that his mall has more tenants than ever before and expects... more »
  • Tom Cruise filming in downtown Baton Rouge

    November 23, 2015 9:51 AM

    BATON ROUGE- Filming for the movie "Jack Reacher 2" starring Tom Cruise will close downtown streets today. Police said North Street will close between the River and the state parking garage from 5 a.m. to 8 p.m. Police officers will be around to direct people through the area. No parking... more »
  • Tom Cruise movie to limit parking, close downtown streets starting today

    November 19, 2015 4:08 PM

    BATON ROUGE - A movie starring Tom Cruise will close downtown streets Monday. Police said North Street will close between the River and the state parking garage. The street will be closed from 5 a.m. to 8 p.m. November 23rd. Police said officers will be in place to direct... more »
  • Red Stick Moms Blog releases Shop Local Guide Play Video

    November 9, 2015 5:22 AM

    BATON ROUGE- A group of local moms is trying to keep your money around Baton Rouge. The Red Stick Mom Bloggers have released a new Shop Local Guide just in time for the holiday season. Red Stick Moms Blog is a group of mothers in the Baton Rouge area... more »
  • Jobless rate falls to 5 percent, increasing likelihood of Fed rate hike

    November 6, 2015 12:53 PM

    WASHINGTON - There are fewer doubts now that the Federal Reserve will raise interest rates next month. The policy-makers may have received all of the encouragement they needed in today's October unemployment report, which showed the jobless rate dropping to 5 percent. Employers added a robust 271,000 jobs... more »
  • Weekly unemployment insurance claims decrease

    November 6, 2015 12:13 PM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Oct. 31 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 2,439 from the previous week's total of 2,502. For the comparable week a year earlier,... more »
  • US regulators: Still heavy risk in big bank loans

    November 5, 2015 4:06 PM

    WASHINGTON - Federal regulators say they're still seeing a heavy dose of risk in large loans made by banks and other financial institutions, despite the recovering U.S. economy. The Federal Reserve and other agencies cite ongoing loose lending standards and an increase in loans made for financing takeovers of companies.... more »
  • US factories grow at slowest pace in 2 years; hiring falls

    November 2, 2015 11:17 AM

    WASHINGTON - U.S. factory activity grew last month at its slowest pace since May 2013 as manufacturers pared their stockpiles and cut jobs. The Institute for Supply Management says its index of factory activity slipped to 50.1 in October from 50.2 in September. The figures barely signal growth, which is... more »
  • Old school transformed into hunting lodge; now it's for sale

    October 23, 2015 3:32 PM

    PECAN ISLAND - The kids are gone and there are no more tests being administered in classrooms, but one coastal school has a few more lessons to teach and they all deal with living the great life along the Gulf of Mexico. The 51-year-old Pecan Island School has been... more »
  • US home sales rebound in September after August slump

    October 22, 2015 10:25 AM

    WASHINGTON - Americans snapped up more homes in September, suggesting that the U.S. housing sector remains insulated from global economic turmoil. The National Association of Realtors says sales of existing homes jumped 4.7 percent last month to a seasonally adjusted annual rate of 5.55 million. Buying activity rebounded after slipping... more »
  • More than half of US states report job losses in September

    October 20, 2015 11:03 AM

    WASHINGTON - Most U.S. states reported jobs losses in September as slowing growth has weighed on hiring nationwide in the past two months. The Labor Department says hiring increased in just 20 states last month, the fewest since March. Twenty-seven states lost jobs and three reported no change. Still, unemployment... more »
  • US employers advertised fewer jobs in August

    October 16, 2015 10:32 AM

    WASHINGTON - The Labor Department says employers advertised fewer job openings in August and kept hiring flat. Job openings slid to 5.4 million in August from a record high 5.7 million in July. Hiring was little-changed at 5.1 million. The number of people quitting jobs - a measure of confidence... more »
  • Auto sales and consumer spending boost US growth

    October 14, 2015 8:58 PM

    WASHINGTON- The Federal Reserve says the economy has run into some headwind from overseas and lost some momentum but steady consumer spending, car sales and the improving housing market spurred modest economic growth. Its the latest look at the economy and the Fed's nine out of its 12 regional banks... more »
  • Zachary says no to new Walmart

    October 13, 2015 11:20 PM

    ZACHARY - Listening to the complaints of citizens here, city leaders denied a plan by Walmart to build a smaller version of its store called a Neighborhood Market. At a city council meeting Tuesday night, every member voted against rezoning land on Highway 64, next to LeBlanc's Food Store,... more »
  • BP to reimburse Louisiana for legal fees, litigation cost

    October 13, 2015 9:19 AM

    BATON ROUGE- BP will reimburse $58.25 million to the Louisiana Attorney General's Office for its expenses, fees and litigation costs tied to the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The money was included in BP's record settlement of more than $20 billion that was formalized last week... more »
  • Weekly unemployment insurance claims decrease

    October 9, 2015 11:45 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Oct. 3 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 2,341 from the previous week's total of 2,342. For the comparable week a year earlier,... more »
  • 80 BR workers among almost 400 being laid off by four companies

    September 29, 2015 10:10 PM

    BATON ROUGE - Eighty employees will lose their jobs over the next few months, healthcare company Magellan Health, reported to state employment watchdogs Tuesday. The layoffs are far-reaching, and include rank and file workers and people in upper-management roles. Among those being terminated are a vice president/chief operations officer... more »
  • US stocks fall sharply on China growth worries

    September 28, 2015 4:56 PM

    NEW YORK - The stock market had its worst drop in nearly a month as investors worried about more signs of weakness in China's economy. The Dow Jones industrial average dropped 312 points, or 1.9 percent, to 16,001 Monday. The Standard & Poor's 500 index sank 49 points, or 2.6... more »
  • $135 million state revenue loss predicted from low oil prices

    September 25, 2015 2:34 PM

    BATON ROUGE - State revenue seems to be feeling the full effect of the drop in oil prices. Economist Greg Albrecht with the Legislative Fiscal Office estimated a $135 million drop in revenue for the 2015-2016 fiscal year. Louisiana's Revenue Estimating Conference (REC) predicted the average price of oil... more »
  • US household wealth reaches new high of $85.7 trillion

    September 18, 2015 12:40 PM

    WASHINGTON - Rising home values drove a modest increase in Americans' household wealth to a new high of $85.7 trillion in the April-June quarter. The Federal Reserve says Americans' stock portfolios climbed $61 billion in value, while housing wealth increased $499 billion. Americans also stepped up borrowing, a... more »
  • Weekly unemployment insurance claims decrease

    September 18, 2015 11:34 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Sept. 12 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 2,015 from the previous week's total of 2,417. For the comparable week a year... more »
  • Census: Poverty numbers stay just about the same

    September 16, 2015 11:26 AM

    WASHINGTON - The number of Americans living below the poverty line showed no statistical difference from the previous year, according to new numbers from the U.S. Census Bureau. In 2014, the poverty rate in the United States was 14.8 percent. While slightly higher than 2013's 14.5 percent, census officials... more »
  • US budget deficit drops to $64.4 billion in August

    September 11, 2015 2:05 PM

    WASHINGTON - The federal government ran up a much smaller budget deficit in August than a year ago, remaining on track to record the smallest annual deficit in eight years. The Treasury Department says the deficit in August totaled $64.4 billion, a drop of 50 percent from the same... more »
  • BRG cutting 50 to 60 jobs after ER closure earlier this year

    September 10, 2015 8:20 PM

    BATON ROUGE - Baton Rouge General announced it was eliminating 50 to 60 positions in the wake of the closure of the ER at the Mid City location earlier this year. The positions are in administrative support and are not necessarily "bedside" - ones that come into contact with... more »
  • Livingston Parish heading toward population boom Play Video

    September 10, 2015 4:52 PM

    SATSUMA - Touted as one of the state's fastest growing parishes, experts expect Livingston Parish's growth rate to explode. Thursday, the Livingston Board of Realtors presented its first ever forecast for the parish. The forecast projects the parish's population to grow by around 90,000 in the next 15 years to... more »
  • Average US rate on 30-year mortgage inches up to 3.9 percent

    September 10, 2015 2:55 PM

    WASHINGTON - Average long-term U.S. mortgage rates inched up this week as financial markets awaited the Federal Reserve's crucial decision next week on interest rates. After a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over the Federal Reserve's... more »
  • Louisiana-shot 'Jurassic World' takes bite out of records

    September 7, 2015 10:26 PM

    BATON ROUGE - As lawmakers debated the future of the state's film credits, a Louisiana-shot movie was soaring to enormous new heights this summer. When "Jurassic World" premiered earlier this year, it quickly raked in millions. Now, Monday, it was announced it surpassed the $1 billion mark when international... more »
  • BRAC: Baton Rouge economy & jobs booming Play Video

    September 2, 2015 5:07 PM

    BATON ROUGE - The Baton Rouge Area Chamber reports that the Baton Rouge region is experiencing an economic boom with more jobs than ever. The report states that the Baton Rouge region has created 6,600 new jobs in the past year totaling a record of more than 400,000 jobs in... more »
  • US stocks plunge after bleak Chinese manufacturing report

    September 1, 2015 4:12 PM

    NEW YORK - Markets are turning turbulent again after investors were unnerved by more signs of weakness in China, the world's second-largest economy. U.S. stocks sank 3 percent Tuesday, their third-worst drop this year. The two bigger falls occurred in the last two weeks. The Dow Jones industrial... more »
  • US stocks fall sharply on bleak Chinese manufacturing report

    September 1, 2015 12:08 PM

    NEW YORK - More signs of weakness in China's economy are sending stocks and the price of oil sharply lower. The swoon Tuesday comes a day after U.S. stocks closed out their worst month in more than three years. The Dow Jones industrial average fell 335 points, or... more »
  • Fed vice chair indicates September rate hike still possible

    August 28, 2015 12:15 PM

    WASHINGTON - Federal Reserve Vice Chairman Stanley Fischer says that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September. Fischer says that before the recent turbulence in financial markets, there was a "pretty strong case" for starting to hike rates in... more »
  • Survey: Plunging stock prices hit US consumer sentiment

    August 28, 2015 11:10 AM

    WASHINGTON - Plummeting stock prices have taken a toll on U.S. consumer confidence, though there are signs the setback may be temporary. The University of Michigan says its consumer sentiment index fell to 91.9 this month from 93.1 in July. The index is still up 11.4 percent from a... more »
  • Fears over global slowdown hammer US stocks for 2nd day

    August 21, 2015 4:15 PM

    NEW YORK - The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China's slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis. The Dow Jones industrial average... more »
  • Parking in a tight spot: Downtown Baton Rouge Play Video

    August 21, 2015 12:55 AM

    BATON ROUGE - Drivers, workers and customers of downtown businesses are stuck in a tight spot; a parking spot. Workers have complained about a lack of parking recently as construction increases in the downtown area. Police have said officers are ticketing more drivers who park illegally. Restaurant workers... more »
  • Weekly unemployment insurance claims decrease

    August 14, 2015 11:31 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Aug. 8 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 2,445 from the previous week's total of 2,479. For the comparable week a year... more »
  • US hiring reaches six-month high in June; quits also rise

    August 12, 2015 11:23 AM

    WASHINGTON - U.S. employers filled more of their available jobs in June, evidence that steady if modest economic growth is putting more Americans to work. The Labor Department says total hiring rose 2.3 percent to 5.18 million in June, the highest in six months and second-highest total since the... more »
  • Blue Bell posts video of truck, but don't get excited yet

    August 11, 2015 3:41 PM

    BATON ROUGE - You might say Blue Bell broke the Internet today when the company tweeted a video of a truck leaving a loading dock and a message that ice cream will soon return to store shelves. Our trucks are on the road again… And yes, they are... more »
  • Fore! sale; deal being putted to buy Bluffs

    August 10, 2015 8:13 PM

    ST. FRANCISVILLE - Sources close to a deal to buy The Bluffs community in West Feliciana confirmed to WBRZ Monday night, an offer could be finalized by the end of August. Kenneth Carter and Jerry Dodson are reportedly working to secure the site from Claude Penn, the current owner.... more »
  • US consumer borrowing hits another record in June

    August 7, 2015 3:35 PM

    WASHINGTON - The Federal Reserve says U.S. consumer borrowing hit another record in June, good news for the American economy. The Fed says Americans piled on another $20.7 billion in debt in June, bringing total consumer borrowing to a record $3.42 trillion. In June, borrowing in the category that includes... more »
  • Weekly unemployment insurance claims decrease

    August 7, 2015 11:51 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Aug. 1 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 2,479 from the previous week's total of 2,510. For the comparable week a year earlier,... more »
  • New law increases minimum wage for some in New Orleans

    August 6, 2015 7:28 PM

    NEW ORLEANS - Thursday, the city council here approved a law requiring people working for a company that receives city large city contracts or subsidies from the city government pay workers a minimum of $10.55 an hour. The proposal received no opposition. The pay change starts next year, the... more »
  • Dirty barge cleaning emails Play Video

    July 30, 2015 11:49 PM

    BATON ROUGE - An email chain with foul language and offenses turned up in a public records request dealing with a controversial barge cleaning operation planned for south of LSU. Tubal-Cain wants to build its plant across the levee from Farr Park and neighborhoods. Since a WBRZ report about... more »
  • Exporting oil gains powerful backer

    July 29, 2015 9:08 PM

    WASHINGTON- The push by U.S. oil companies to export oil and do away with a ban has a powerful supporter. House Speaker John Boehner says the decades-old ban is outdated and exporting U.S. crude would be a huge boost to the economy.Boehner claims it could create up to a... more »
  • Louisiana's unemployment rate dips as employer payrolls grow

    July 21, 2015 1:51 PM

    Louisiana's unemployment rate dipped in June as people left the labor force, even as employer payrolls showed strength. The state's jobless fell to 6.4 percent after three months at 6.6 percent. The unemployment rate remained above June 2014's 6.2 percent rate. The labor force fell by more than 4,000, while... more »
  • Analysts say Iran deal will lead to gas cheaper than $2

    July 14, 2015 12:35 PM

    NEW YORK - Analysts say thanks in part to the Iran nuclear deal, drivers in the U. S. could see gas prices drop below $2 a gallon by this fall. CNN reports that Iran hasn't been able to sell oil to the U. S. since 1995, and other nations... more »
  • Walker making Industrial Park road improvements Play Video

    June 29, 2015 5:46 PM

    WALKER - The city of Walker plans to pave the way for future industrial growth in the Livingston Parish Industrial Park by rehabilitating the only road through the area. The Walker City Council will give the roadwork plans a green light at its meeting Monday. The city will redo... more »
  • US stocks notch worst day of year as Greek crisis escalates

    June 29, 2015 4:14 PM

    NEW YORK - Stocks are closing with their biggest losses of the year as investors worry about fallout from Greece's worsening debt crisis. Greece is moving closer to defaulting on its debt and could be forced to abandon the euro currency. The Dow Jones industrial average dropped 350 points, or... more »
  • Incomes rise for bottom 99 percent, but inequality still worsens

    June 29, 2015 3:47 PM

    WASHINGTON - Solid job growth is finally boosting paychecks. Incomes for the bottom 99 percent of American families rose 3.3 percent last year -- the biggest annual gain in the past 15 years. That's according to data compiled by economist Emmanuel Saez and released today by the Washington Center for... more »

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