Banking & Finance

IRS raises contribution limits for retirement savings plans

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year.

Roundup: Investigation of banks / Retail sales / Heating costs 

Environmental alliance: Six major banks will be investigated by 19 state attorneys general, including...

Sales of existing US homes down for eighth month in a row 

Sales of previously occupied U.S. homes fell in September for the eighth month in...

Fewer Americans applied for jobless benefits last week 

The number of Americans applying for unemployment benefits fell last week and remains historically low even as the U.S. economy slows amid decades-high inflation.

Pulling Louisiana’s investments over principles could cost the state 

Treasurer John Schroder says he pulled nearly $800 million in Louisiana’s investments out of the asset management firm BlackRock earlier this month because its environmental focus conflicts with the state’s oil and gas interests.

Capital Region foreclosure activity down in September but up from a year ago

The number of properties in the Capital Region facing foreclosure action in September was down about 33% compared to August but up more than 97% compared to the same month last year.
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Arizona business fighting Lousiana’s sales tax system for remote sellers 

An Arizona business is appealing to the U.S. Court of Appeals after a federal judge earlier this year dismissed its lawsuit challenging Louisiana's remote seller sales tax structure, The Center Square reports. 

Natural gas investors leaving Marcellus for Haynesville

Capital from private investors and banks is leaving the Marcellus/Utica region and heading to...

Auditor: State-backed insurer at risk of not being able to pay claims after major hurricane

Louisiana’s state-backed property insurer of last resort might not have enough reinsurance to pay claims following a major hurricane, the Louisiana Legislative Auditor’s office reports.

Baton Rouge’s Tim Temple announces bid for insurance commissioner 

Republican Tim Temple, a wealthy insurance executive from Baton Rouge, will take a second crack at incumbent GOP Louisiana Insurance Commissioner Jim Donelon