BATON ROUGE- Shareholders of Shaw Group Inc. (NYSE: SHAW) will meet to approve a merger with CB&I (NYSE: CBI).
CB&I is buying the Baton Rouge-based Shaw for more than $3 billion. Shaw stockholders will get about $46 per share when the deal is closed.
The meeting is set... more »
NEW YORK - Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day. Facebook Inc. hit a new low of $18.75 before bouncing back to $20.01 by the time the stock market closed. That's up 96 cents, or 5 percent, for the day.... more »
U.S. stocks are down sharply at midday after steep losses in Europe. The Dow Jones industrial average is down 165 points. That is its biggest decline during a trading day this year. Just before noon EST, the Dow was down 1.3 percent to 12,798. The biggest decline for the Dow... more »
BP shares on the New York Stock Exchange are climbing for the second day in a row despite new oil flow estimates that show the spill could be double what federal scientists previously estimated.
Friday morning, BP's shares rose $1.35 to $34.13. The price began climbing Thursday after the... more »
WASHINGTON - President Obama says he is instructing his disaster response team to get tornado victims in Oklahoma everything they need "right away."
Obama... more »
BATON ROUGE - Louisiana authorities have suspended the explosives licenses of a company accused of improperly storing millions of pounds of a military propellant in... more »
MOORE, Okla. - The state medical examiner's office has revised the death toll from a tornado in an Oklahoma City suburb to 24 people, including... more »
BATON ROUGE - Baton Rouge Metro Airport will give a standard incentive package to Elite Airways when the company begins flying out of the market... more »