Business News

b1Bank launching new derivatives services line

Baton Rouge’s b1Bank is planning to launch a line of derivatives products and services, which will provide clients with more flexibility managing interest rate risks.

US employers pulled back on hiring in October, adding 150,000 jobs 

The nation’s employers scaled back their hiring in October, adding a modest but still...

Rising costs threaten development of US offshore wind industry

Good news or bad news first? Because there was plenty of both this week for the fledgling U.S. offshore wind industry.

‘LaPolitics’: Just how low will turnout numbers go for the runoff election?

Seven nonconsecutive days of early voting begin today for what should be Louisiana’s final...

Gulf oil and gas lease sale off again, pending a federal hearing  

The upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed today amid legal fights over protections for an endangered species of whale.

Louisiana Legislature set to revisit carbon capture debate

A Louisiana legislative task force established to consider the local impacts of carbon capture and sequestration will begin meeting on Monday. 

Companies are taking a slow approach to using a new instant payment system 

The Federal Reserve rolled out its FedNow real-time payment system in July of this...

Here’s why the I-10 bridge replacement project in Lake Charles stalled

A $2.1 billion plan to replace the aging Interstate 10 bridge in Lake Charles suffered a potentially fatal blow last week when state lawmakers rejected the project’s financing plan because it relied heavily on tolls criticized by trucking companies, reports NOLA.com.

Dozens of state boards and commissions haven’t met in years 

An annual review of Louisiana's governing boards shows a net increase of five from the prior year, as well as 14 inactive and dozens that haven't reported any meetings since 2019.

Will shoppers spend more―or less―this holiday season?

The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their pace will slow given all the economic uncertainty.