business

Business
11:35 am
Thu September 20, 2012

Is Putting Politics On Display Bad For Business?

A used-car lot displays a sign in support of Republican presidential candidate Mitt Romney in Manchester, N.H., in January.
Justin Sullivan Getty Images

Originally published on Fri September 21, 2012 11:43 am

Every election season, political signs sprout like dandelions from lawns across America. They also pop up at more than a few businesses. For some, expressing political preferences is a calculated move to attract customers. But it can just as easily turn clients away.

Jeff Reiter, who owns the Blue Plate Lunch Counter & Soda Fountain in Portland, Ore., proudly displays a 2008 Obama campaign sign inside his restaurant and says he has "never tried to hide" his support for the president.

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Tour Buses
10:47 am
Thu September 20, 2012

Red double-decker tour bus service opens in New Orleans

The bright red open-top double-decker tour buses seen in New York, London and Paris are now headed for New Orleans.

City Sightseeing New Orleans launched its new service Wednesday with an inaugural tour of downtown with tourism and hospitality industry officials.

Emily Valentino, the company's general manager, says the buses will offer a new convenient, entertaining and informative way to experience the city with a hop-on and hop-off model.

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The Two-Way
7:45 am
Thu September 20, 2012

Jobless Claims Changed Little Last Week

There were 382,000 first-time claims for unemployment benefits last week, down by just 3,000 from the week before, the Employment and Training Administration says.

Meanwhile, "the 4-week moving average was 377,750, an increase of 2,000 from the previous week's revised average of 375,750." That figure offers a slightly better look at the trend.

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Small Business Assistance Fund
9:46 am
Wed September 19, 2012

Business loan fund announced in New Orleans

New Orleans Mayor Mitch Landrieu's office and the city's Office of Economic Development have announced a new program to encourage small business expansion and job creation.

The new financing program is called the New Orleans Small Business Assistance Fund. A City Hall news release Tuesday said it's a $2 million fund that will provide 8 percent interest rate loans to for-profit and nonprofit businesses for operating capital and equipment purchases.

SBAF loans are expected to range from $10,000 to $100,000. The maximum term of the loan is up to 84 months.

Hurricane Isaac
1:14 pm
Tue September 18, 2012

Isaac costs Entergy at least $400 million

Entergy Corp. says its estimated damages from Hurricane Isaac range from $400 million to $500 million, and the storm is expected to reduce the utility's third-quarter revenue.

In a news release on Tuesday, Entergy said it will pursue all reasonable avenues to recover storm costs, including using its storm reserves, borrowing, additional charges for customers, and insurance.

Entergy said it is unable to predict the degree of success it may have in these initiatives, the amount of restoration costs it may recover or when it may recover them.

Out to Lunch
1:02 pm
Mon September 17, 2012

Make It Right

Peter Couhig, President and CEO of Resource Environmental Solutions.
Grant Morris It's New Orleans

Brad Pitt’s Make It Right rebuilding effort in the 9th Ward was a beacon in the darkness after Hurricane Katrina and is still building houses today.

Taylor Royle, Communications Director of Make It Right, joins Peter on Out to Lunch, along with Peter Couhig, the President and CEO of Resource Environmental Solutions, who is working to save us from the next big hurricane.

Ameristar Casino
12:58 pm
Mon September 17, 2012

Ameristar: Casino project on schedule

Officials of Ameristar Casino say construction of a $500 million casino is moving ahead on schedule and the development should open in 2014.

The American Press reports that since July, Ameristar has removed trees, set a building foundation and completed a road that allows construction workers access to the site of its casino hotel in south Lake Charles.

Ameristar Vice President Jack Mohn said the new casino's neighbor — Pinnacle Entertainment, owner of L'Auberge Casino Resort — has been accommodating.

Business
2:34 pm
Fri September 14, 2012

Judge asked to toss claims spill hurt BP brand

BP PLC has asked a federal judge to dismiss claims by its fuel dealers that the 2010 oil spill in the Gulf of Mexico diminished the value of the BP brand and cost them business.

U.S. District Judge Carl Barbier didn't immediately rule Friday after hearing arguments on the company's request.

BP attorney Christopher Landau says claims that BP dealers lost money due to "consumer animosity" after the spill aren't covered by either the Oil Pollution Act of 1990 or general maritime law.

A lawyer for BP dealers argues other federal and state laws apply to their claims.

Oil Industry
1:45 pm
Fri September 14, 2012

Production starts at ultra-deep Gulf oil field

Petrobras USA says production has begun at its Chinook oil field in the ultra-deep waters of the Gulf of Mexico.

The company says production started last week in the field using a specialized ship that processes and stores oil and natural gas in place of a production platform. The field is being worked by BW Pioneer, a type of ship known in the oil industry as a floating, production, storage and offloading vessel, or FPSO.

Film Industry
3:43 pm
Thu September 13, 2012

$15M film complex planned in St. Rose

Quixote Studios, a Los Angeles-based production services company, is breaking ground on a $15 million sound stage and "film campus" project in St. Rose.

New Orleans CityBusiness reports the first two phases are scheduled for completion in early 2013 and include two stages with 30,000 square feet of space.

Quixote CEO Mikel Elliott says the company opened a studio shop in New Orleans last year and moved to the St. Rose location two months ago.

The second phase entails two more 30,000-square-foot stages and is expected to be complete in 2014.

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