Business News

CATS board takes no action following review of CEO

The Capital Area Transit System board took no action this week after a closed-door executive session to assess “the character, professional competence, or physical or mental health” of CEO Bill Deville.

More than a million new millionaires were created in US last year 

The roaring stock market and crypto gains created more than a million new millionaires in the U.S. last year, according to a new report. 

Panel investigating Ronald Greene’s death may get subpoena power  

Louisiana state House lawmakers are on their way to granting subpoena power to special...

Cheniere’s Louisiana, Texas LNG plants gain DOE approval for more exports 

The U.S. Department of Energy has given a liquefied natural gas exporter operating in Louisiana and Texas permission for additional sales to every country entirely in Europe as they seek to move away from Russian oil and gas because of that country’s war against Ukraine.

Bill positions Louisiana to get nearly $200M for abandoned well fixes

A Louisiana lawmaker has proposed legislation that would position the state to receive nearly $200 million in federal funding to fix abandoned oil and gas wells. 

Mobile sports betting in Louisiana generates $2.2M in taxes for February

Louisiana collected more than $2.2 million in taxes in February—the first full month of mobile sports betting—over a half-million dollars higher than retail sports betting through four months, The Center Square reports. 
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Use of big data analytics raises hope for better public health

Louisiana typically ranks at or near the bottom for public health in the U.S., which typically ranks low among rich countries. Providers and payers say increased use of big data can improve health outcomes. 

How the Fed’s interest rate hike could affect you 

After months of anticipation, the Federal Reserve on Wednesday raised interest rates for the first time since 2018 in hopes of tempering persistent inflation. 

Louisiana seeks federal money for hydrogen research 

Louisiana plans to partner with Arkansas and Oklahoma to form a regional research hub...

US jobless claims fall as layoffs continue to drop

Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid...