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  • Analysts expect short-term market drop from Paris terror

    November 15, 2015 2:19 PM

    NEW YORK - The value of stocks, crude oil and the European currency will likely fall this week as investors worry about what the Paris terror attacks will do to consumer confidence and key parts of the global economy. The public nature of the targets - cafes, a stadium and... more »
  • Fed looks at way to shift big-bank losses to investors

    October 30, 2015 3:50 PM

    WASHINGTON - In their latest bid to reduce the chances of future taxpayer bailouts, federal regulators are proposing that the eight biggest U.S. banks build new cushions against losses that would shift the burden to investors. The Federal Reserve's proposal put forward Friday means the mega-banks would have to bulk... more »
  • Appeals court upholds class action status in oil spill suit

    September 9, 2015 2:00 PM

    NEW ORLEANS - A federal appeals court says litigation alleging that BP misled investors about the rate of oil flowing after an offshore oil rig explosion in 2010 can proceed as a class action lawsuit. Tuesday's 5th U.S. Circuit Court of Appeals ruling means that the lawsuit, led by... more »
  • Apple plans to sell as much as $6.5 billion in bonds

    February 2, 2015 3:10 PM

    NEW YORK - Apple is planning another large bond sale at a time when investors are paying near record premiums for high-quality bonds. The technology giant will sell a combination of bonds with maturities ranging from five years to 30 years. The company was originally trying to sell $5 billion... more »
  • Investors buzz about reopening Oaks at Sherwood golf course check to see if lock exists for regeneration Play Video

    January 19, 2015 10:01 PM

    BATON ROUGE - A group of investors hope to raise enough money to reopen the Oaks at Sherwood golf course. A father and two of his sons, the Dorniers, purchased the 127 acres of land in 2013. They opened a tennis center and planned to reevaluate the golf course... more »
  • Vitter wants clean slate of overseers after Ponzi victims get no help

    July 18, 2014 2:55 PM

    BATON ROUGE- In another blow to people who lost around $1 billion in a Ponzi scheme, the SEC lost its appeal to recoup money for victims of R. Allen Stanford. Stanford was convicted and sentenced in 2012 of using investors money to fund companies that went out of business.... more »
  • Federal Reserve to reduce stimulus

    January 29, 2014 7:35 PM

    WASHINGTON- The Federal Reserve will cut monthly bond buying by another $10 to $65 billion because the U.S. economy is getting stronger. The Fed is proceeding despite the prospect of higher interest rates in the U.S. and rattling overseas markets. The Fed contends it will try to keep... more »
  • Stocks edge higher as investors watch the Fed

    May 22, 2013 9:04 AM

    NEW YORK- Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve. The Dow Jones industrial average was up 39 points at 15,424 shortly after the opening bell Wednesday, a gain of 0.2 percent. The Standard & Poor's 500 index was up four points... more »
  • Stocks open higher as consumer spending rises

    April 29, 2013 9:02 AM

    NEW YORK- Stocks are edging higher in early trading on Wall Street as investors were encouraged by an increase in consumer spending last month. The Dow Jones industrial average was up 17 points at 14,730 shortly after the opening bell Monday, a gain of 0.1 percent. The Standard & Poor's... more »
  • Dow trading at new record high

    March 5, 2013 10:34 AM

    NEW YORK- With a jump of more than 100 points in early trading, the Dow Jones Industrial Average has moved into territory it's never seen before. The jump to an all-time high for the blue-chip average was powered in part by China's strong economic growth targets, and by a jump... more »
  • Paying the Piper

    January 31, 2013 7:21 PM

    The founder of a brokerage house in Iowa got 50-years in federal prison for a scam that bilked 13,000 investors out of $215 million dollars over 20 years. Russ Wasendorf Sr. headed Peregrine Financial Group and caused what a judge called "staggering losses" to investors, employees and creditors. Judge Linda... more »
  • Downtown grocery to open in May check to see if lock exists for regeneration Play Video

    January 3, 2013 5:45 PM

    BATON ROUGE- Investors plan to open a grocery store in downtown Baton Rouge, at the corner of Third Street and Florida Blvd., later this spring. A grocery store is one of the key retail needs identified in a recent Downtown Development District report. The group of investors say the... more »
  • Moody's pressures Congress to deal with deficit

    January 2, 2013 3:42 PM

    WASHINGTON- Moody's Investors Service says Congress must go beyond its deal this week and come up with a plan to shrink the budget deficit if it wants to keep the U.S. government's top credit rating. The credit rating agency says in a statement that it expects lawmakers in the coming... more »
  • Wall Street's " bad boy" sentenced

    May 3, 2012 5:48 PM

    NEW YORK - A former investment manager known as Wall Street's "bad boy" has been sentenced to 12 years in prison. Ross Mandell was sentenced in New York on Thursday for his conviction on charges he defrauded U.S. and European investors of $140 million. He was convicted last year on... more »
  • Stocks tumble after jobs report

    April 9, 2012 6:09 PM

    NEW YORK - Investors have had a three-day weekend to brood over disappointing job growth in March. When they got back to work today and delivered their verdict, it wasn't good. Stocks closed sharply lower, sending the Dow and S&P 500 to only their second four-day losing streak this year.... more »
  • Investors: Stanford verdict won't restore losses

    March 7, 2012 7:17 AM

    HOUSTON - Investors taken in by Texas tycoon R. Allen Stanford are expressing relief after a federal jury convicted the ex-financier on charges he bilked them out of more than $7 billion in a 20-year Ponzi scheme. But they say the verdict won't do much to make up for what... more »
  • Dow soars 423 points on economic news

    August 11, 2011 5:15 PM

    NEW YORK - Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into another recession. Fewer Americans joined the unemployment line last week, and a technology bellwether said revenue could grow faster this quarter than analysts... more »
  • Whitney shareholder sues to block Hancock merger

    February 10, 2011 1:29 PM

    NEW ORLEANS - A company that holds stock in Whitney Holding Corp. is suing to block the bank's merger with Hancock Holding Co. A class-action lawsuit filed Monday by Realistic Partners accuses Whitney's directors of acting in their own interests at the expense of shareholders and of preventing investors... more »

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