Business News

Raising Cane’s sells $500M of junk bonds in debut offering

Raising Cane’s Chicken Fingers sold $500 million of junk bonds Wednesday after receiving strong demand from investors that let it cut the yield it is paying on the debt, Bloomberg reports. 

Louisiana Republicans could add to their supermajorities in the Legislature

Louisiana Republicans are poised to expand their current supermajority in the Senate and could do the same in the House when voters cast ballots in 20 runoffs later this month.

How Baton Rouge’s public companies fared in the third quarter

As the year winds down, public companies are releasing their Q3 quarterly reports. 

DDD director touts 24-hour police presence, parking availability

The Baton Rouge Police Department recently began providing around-the-clock patrols of the downtown area, following a few high-profile incidents. 

Louisiana among worst states for personal income  

A new analysis of data dating back to before the COVID-19 pandemic shows Louisiana ranked among the worst states for personal income growth.

LSU, Tulane land $22M to save the Mississippi River Delta

LSU and Tulane University are receiving a $22 million award from the National Academy of Sciences, Engineering and Medicine to lead a consortium seeking ways to save the ecologically fragile Lower Mississippi River Delta, the schools announced today.

H&E Equipment Services expands with California acquisition

Baton Rouge-based H&E Equipment Services announced today that it is broadening its presence on the West Coast with the acquisition of a California-based provider of non-residential construction and industrial equipment.

Will real estate commission verdict of $1.78B inspire copycat lawsuits?

A federal jury in Missouri has found the National Association of Realtors and some residential brokerages liable to pay $1.78 billion in damages for conspiring to inflate home sale commissions. 

Mike Johnson was part of push for Louisiana’s fifth law school 

Before House Speaker Mike Johnson was elected to public office, he was the dean of a small Baptist law school that didn’t actually exist, but would have been the state’s fifth law school alongside Loyola, Tulane, LSU and Southern University. 

More than 400,000 new U.S. clean energy jobs projected from federal spending 

A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will...