On the road again: Louisiana is getting $80 million in redistributed federal highway funds that weren’t spent by other states. Gov. John Bel Edwards’ administration announced the extra money Thursday, along with the list of projects slated to divvy up the financing. The money will be used for projects including road construction in Baton Rouge and resurfacing parts of Interstate 12 and Interstate 20. Money also will be used to make improvements to Interstate 10 in Lake Charles. Read the full story.
Wrong storm: Transit officials in Houston have halted a TV commercial praising the agency’s response to last year’s Hurricane Harvey flooding because the advertisement wrongly showed 2005 video from Hurricane Katrina in New Orleans. Metropolitan Transit Authority officials on Thursday pulled the commercial made by South Coast Film and Video. The commercial praised METRO employees who contributed to recovery and relief, including driving high water vehicles to help emergency responders enter flooded area. Read the full story.
Coffee cans: Coca-Cola announced today it plans to buy Costa, one of the world’s biggest coffee chains, for $5.1 billion, The New York Times reports. The deal puts Coke squarely into a red-hot battle in the coffee world, one that until now had been dominated by Nestlé and JAB, the acquisitive European conglomerate that has snapped up Peet’s Coffee, Caribou Coffee, Stumptown and more. Read the full story.
Editor’s note: In observance of the Labor Day holiday, the offices of Business Report will be closed on Monday, Sept. 3, and Daily Report will not be published. Daily Report will return on Tuesday. Have a safe and happy holiday weekend.
