Bigger and better: Starmount Life Insurance will cut the ribbon on its new offices Tuesday night. The company will formally mark the opening of its 24,000-square-foot office on Goodwood Boulevard. The company offers life, dental, vision and disability insurance and has more than 150 employees.
Deal will be announced Wednesday: A person familiar with the negotiations says New Orleans Hornets majority owner George Shinn has reached a deal to sell his shares of the team to minority owner Gary Chouest. The club is planning an announcement on Wednesday, the source told The Associated Press today, speaking on condition of anonymity because no official announcement has been made by either party. Chouest is a Louisiana native and owner of Edison Chouest Offshore, a company that builds and operates marine vessels for the offshore oil and gas industries. In 2007, when the team returned from a two-year stay in Oklahoma City necessitated by Hurricane Katrina, Chouest bought 25% of the club for $62 million with the goal of keeping the Hornets in Louisiana.
