Moody's Investors Service says Louisiana's loss of as much as $859 million in Medicaid financing is a "credit negative" for the state.
The notation from the bond-rating agency does not yet affect the state government bond rating — currently high investment grade and stable — but denotes for investors a significant change in the state's balance sheet.
The Times-Picayune reports (http://bit.ly/Q4abRS) the cut is tied to a congressional reduction in Louisiana's federal Medicaid financing rate.
Yahoo is turning to a longtime Google executive to try to turn around the ailing company. Effective tomorrow, Marissa Mayer will be Yahoo's new chief executive. She will be the fifth CEO in as many years.
Mark Zuckerberg, right, and Andrew Houston, founder and chief executive of Dropbox, wait in a parked car for the traffic to clear out at the Sun Valley Lodge during the Allen & Company Sun Valley Conference last week.
Produce growers in Louisiana have a new organization for marketing, lobbying and providing information about production.
LSU AgCenter gardening specialist Kiki Fontenot says a vegetable growers' group stopped functioning a few years ago. She says the same people usually grow both fruits and vegetables, so the new organization is the Louisiana Fruit and Vegetable Growers.
Officers elected at the first meeting represent growers from each area of the state.
The recession came close to killing off some of the American automakers. Now in a slow recovery, the American companies are doing better. Japanese car companies, some of them, are struggling - in particular some of the smaller Japanese automakers are facing trouble. NPR's Sonari Glinton looks at the fortunes of what are known as the Little Three.