Banking & Finance

The recent cyberattack on MOVEit servers that resulted in some 6 million records at the Louisiana Office of Motor Vehicles being compromised should prompt local businesses to invest in more robust cybersecurity measures, experts in the field say.

The Louisiana Legislative Auditor’s office says East Baton Rouge Parish’s use of $612,283 in federal coronavirus fiscal recovery dollars to replace the Twin Oaks Bridge may not have been an allowable use of the money. 

Baton Rouge-area bankers say they are paying closer attention to deals involving clients in industries most impacted by rising interest rates. 

One of the most crucial moments in a startup’s life is convincing investors of its worth. Whether an idea is in its earliest stages or in need of that extra push, a solid pitch that connects with investors can elevate a startup to the next level. 

The Small Business Administration announced this month a slate of enhancements to its disaster relief loan program. Collectively, the changes could help bolster its support of small businesses recovering from hurricanes, wildfires, floods, earthquakes and other natural disasters, Inc. reports.  

Research and development incentives are supposed to spur innovation, but an R&D tax change implemented at the start of last year is stifling the work of some entrepreneurs, Inc. reports. 

Five settlements worth about $1.6 billion against banks accused of helping to facilitate a multibillion-dollar Ponzi scheme that swindled numerous Baton Rouge investors have been approved, following a court hearing today. 

Over the past year, inflation in the U.S. has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years.

Legislation to phase out Louisiana’s corporate franchise tax this year was met with a veto from Democratic Gov. John Bel Edwards. However, nearly nearly every candidate running to replace him has vowed to support the move.

Allen Stanford, who has been convicted of leading a multibillion Ponzi scheme that ensnared numerous Baton Rouge investors, is challenging settlements that would allow victims to recoup some of their losses.