Business News

Unemployment applications inch higher but labor market remains strongĀ 

The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housing and technology.

Fans who stormed Tiger Stadium may be in the movies

Writer/director Matthew Perkins wanted footage from both day and night games in Tiger Stadium for The Mascot, his film that would prominently feature LSU’s football program.Ā 

Three Zoƫs Kitchen locations converting into Cava restaurants

After acquiring the Zoƫs Kitchen franchise for $300 million in 2018, the new ownership group has begun converting some of the chain's most profitable locations into Cava restaurants.

Spanish Town condo project gets OK from Historic Preservation Commission

The Historic Preservation Commission for East Baton Rouge Parish says a planned 45-unit condo development is appropriate for Spanish Town.Ā 

LHC board approves $45M for Baton Rouge housing projectĀ 

The Louisiana Housing Corporation recently approved $45 million in bonds to develop the 170-unit affordable multifamily Cypress at Ardendale phase one complex north of Florida Boulevard in Baton Rouge.Ā 

US companies call on lawmakers to repeal R&D tax code changeĀ 

Companies are asking Congress to repeal a tax code change that requires businesses to spread their research-and-development costs over five years rather than deduct them immediately.Ā Ā 
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EPA awards $2.4M for Louisiana air monitoring projects

Louisiana will receive more than $2 million from the Environmental Protection Agency to monitor air pollution,

Companies rushing to pay down debt to sidestep interest rate shockĀ 

Executives are aggressively paying down debt as higher interest rates increase the cost associated with having debt, The Wall Street Journal reports.Ā 

Voters reject amendment affecting property tax adjustments

Louisiana voters rejected a proposed state constitutional amendment meant to give local taxing authorities more flexibility with millage rate adjustments.Ā 

Sardi Isaza law firm opening office on Perkins RoadĀ 

Law firm Sardi Isaza, which caters to Spanish-speaking clients, has filed an occupancy permit for an office suite on Perkins Road near Wimbledon Avenue