business

Out to Lunch
1:00 pm
Mon August 20, 2012

Fruit and Chocolate

Rob Nelson, president of Elmer's Chocolate, with his new boxes of chocolates.
Grant Morris It's New Orleans

Cool Fruit Sensations is a new local juice venture making a splash. Elmer's, makers of Heavenly Hash and Gold Brick, is New Orleans' Easter favorite and one of the oldest candy companies in the U.S.

Business
4:14 am
Wed August 15, 2012

BBC Exec to become head of NY Times

Originally published on Wed August 15, 2012 6:32 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with the top man at The Times.

(SOUNDBITE OF MUSIC)

MONTAGNE: The New York Times has named its new president and CEO. The man who got the job is Mark Thompson, a former BBC executive. Thompson will face a different business model from the non-profit British broadcaster. The paper is run by a board that's largely elected by a family trust.

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Entergy
4:24 pm
Tue August 14, 2012

Court won't make AR, MS utilities pay to exit pact

A federal appeals court has rejected an effort by Louisiana utility regulators to make Entergy Corp. subsidiaries in Arkansas and Mississippi pay for ending an agreement with their Entergy counterparts in Louisiana and Texas.

The ruling Tuesday by an appeals court in Washington deals with an agreement requiring the separate Entergy utilities to offer roughly equal electricity rates. At times, this has resulted in Entergy Arkansas making payments to Entergy affiliates with higher production costs — causing Arkansas customers to pay more.

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Work Sharing
11:05 am
Tue August 14, 2012

Louisiana gets $1.5M work-sharing labor grant

The U.S. Department of Labor has set aside nearly $100 million in grants for states to set up or improve existing short-term compensation programs, commonly referred to as "work sharing."

Louisiana's share of the grant is $1.5 million. Work sharing allows employees to keep their jobs and helps employers to avoid laying off their workforce during economic downturns by reducing the hours of work for a group of affected workers.

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Business & Technology
10:56 am
Tue August 14, 2012

Chevron completes storage facility in Terrebonne

Chevron has completed construction on a 150,000-square-foot storage facility in Terrebonne Parish to support its operations in the Gulf of Mexico.

The facility, located on Louisiana Highway 24 in Gray, will employ 25 people and serve as the storage hub for materials essential to Chevron's oil and gas exploration activity in the Gulf.

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Out To Lunch
1:00 pm
Mon August 13, 2012

Occasional IKEA

Bluebag's Mehmet Ergelen.
Grant Morris It's New Orleans

This week on Out to Lunch, we explore the places where home and business intersect. First, New Orleanian Kay Morrison. Kay was a success in corporate America when she and her husband realized they needed an extra partner — an occasional wife — to do all the at-home stuff Kay wasn’t at home to do. Kay founded The Occasional Wife to become that occasional wife for others.

Real Estate
12:01 pm
Mon August 13, 2012

Land prices booming on Jefferson strip

The cost of land along Veterans Memorial Boulevard — east Jefferson Parish's main commercial corridor —has reached historic highs indicating a strong retail market, according to SRSA Commercial Real Estate of Metairie.

SRSA partner Donald Schwarcz tells New Orleans CityBusiness his figures show the strip's most valuable property costs as much as $60 per square foot, six times as much as land in eastern New Orleans, four times the cost along Lapalco Boulevard in west Jefferson and nearly twice as much as the most expensive commercial areas of St. Tammany Parish.

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Rank Wildcat Spirits Distillery
11:53 am
Mon August 13, 2012

New rum in Louisiana called 'Sweet Crude'

Two oil company landmen have an off-hours business in Broussard as the Rank Wildcat Spirits Distillery, crafting a rum they named Sweet Crude.

The Advertiser reports that 26-year-old Cole Leblanc welded the still together, and 35-year-old David Meaux — who also is a lawyer — dealt with all the paperwork.

They monitor the distilling, they bottle and label the rum, and even went to a sugar refinery and shoveled 1,600 pounds of raw sugar into huge barrels to bring back to Broussard.

Haynesville Shale
12:01 pm
Sun August 12, 2012

Haynesville shale slowdown hits hotels

The hundreds of hotel rooms planned or under construction in Shreveport-Bossier City might be missing their intended clients.

The Times reports hotel operators had counted on guests in town for business in the Haynesville shale oil field.

But a slowdown of natural gas production has cut into room nights.

More than 1,300 hotel rooms are in final planning phases or under construction in Shreveport-Bossier City. An additional 169 rooms have gone into operation this year in Bossier City.

Around the Nation
4:51 am
Sun August 12, 2012

Maine Lobstermen Give Farming Sea Scallops A Try

As lobster prices plunge, scallops offer fishermen an alternative to make money.
Levi Bridges for NPR

Originally published on Tue August 14, 2012 12:57 pm

If you don't love scallops, you probably just haven't had one that's cooked properly. That is, pan fried with some garlic and butter and herbs. They are very tasty.

In Maine, scientists and fishermen are learning how to farm, instead of catching, these tasty sea critters. That could be good for business and the environment.

Out on the water off Stonington, Maine, Marsden Brewer is motoring his lobster boat through the crowded fishing harbor. Today, just about all the boats here are lobster boats. But 30 years ago, he says, it was a different story.

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