business

Out To Lunch
1:00 pm
Mon July 30, 2012

Art Market, with Mia Volkemmer and John Fleming

John Fleming, Mia Volkemmer and Peter Ricchiuti.
Grant Morris It's New Orleans

New Orleans has a long history of being home to artists, including Degas and John James Audubon. Peter's guests on this week's Out to Lunch are artist John Fleming, and arts administrator Mia Volkemmer.

Mia Volkemmer is the Art Market Manager for the Arts Council of New Orleans — a private non-profit organization, also designated as the city’s official arts agency. The Art Market is the monthly gathering of local artists in Palmer Park.

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Business & Technology
5:59 pm
Tue July 24, 2012

Tech center setting up shop in Baton Rouge

Ameritas Technologies says it will open an information technology center in Baton Rouge creating 300 jobs.

The startup company's CEO, Brian Keene, said Tuesday that Ameritas will receive a state economic development grant of $125,000 per year over a 10-year period to offset leasing costs at the Chase Tower in the downtown area.

Gov. Bobby Jindal says Ameritas will start hiring in September and open by October. He says the company expects to reach the 300 mark on staffing by 2016.

Business
5:48 pm
Tue July 24, 2012

Boomtown Casino to add 150-room hotel

Las Vegas-based Pinnacle Entertainment says it will build a 150-room hotel at the site of the company's Boomtown Casino in Jefferson Parish.

Construction of the $20 million development in the New Orleans suburb of Harvey is expected to begin in September and should be completed in late 2013.

Pinnacle spokeswoman Kerry Andersen said the casino, which opened in 1994 and has more than 1,400 slot machines and 32 table games, is the only one of the company's four Louisiana properties that isn't operating with an attached hotel.

Media
5:38 pm
Tue July 24, 2012

The Advocate plans New Orleans edition

The Advocate (http://bit.ly/PSpdoe) newspaper says it will expand into the New Orleans market with a specialized print edition.

Richard Manship, president and CEO of Capital City Press, says The Advocate is laying the groundwork to reach into the market following the announcement by The Times-Picayune that the newspaper will reduce publication to three days a week this fall while beefing up its online report.

Manship said The Advocate will add staff to supply this coverage of the area, but did not provide specific numbers.

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Out To Lunch
1:00 pm
Mon July 23, 2012

Cheers!

On today's Out to Lunch, Craig Cordes had an idea for a cocktail he could take to the beach and drink without getting sand in it. Now he’s running Cordina, making cocktails to go.

Old New Orleans Rum is based on a simple observation — we have a lot of sugar cane in Louisiana, so why not make rum out of it? Erick Lewko is sales director of Old New Orleans Rum, now an international, award-winning success story.

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Union Election
12:55 pm
Sun July 22, 2012

Union seeks to represent workers at ConAgra plant

Employees at ConAgra Foods' Lamb Weston sweet potato processing plant near Delhi will decide next week whether to unionize.

Workers will vote Wednesday in an election administered by the National Labor Relations Board to determine whether they will join the United Food and Commercial Workers International Union, reports The News-Star reports.

A ConAgra spokeswoman at the firm's Omaha, Neb., headquarters says it doesn't want a middleman between managers and employees.

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Business & Technology
6:04 pm
Thu July 19, 2012

Tidewater sees growth in Africa market

Executives of offshore oil and gas fleet provider Tidewater Inc. told shareholders Thursday that prospects are bright the company's African market.

The Times-Picayune reports more than 90 percent of New Orleans-based Tidewater's fleet of oil and gas service vessels operates abroad. The largest concentration is in waters off sub-Saharan Africa, where Tidewater stations 132 vessels, about half its fleet.

Chief Operating Officer Jeff Gorski told shareholders attending the company's annual meeting that Africa is expected to continue to be a leading market.

Business
4:53 pm
Thu July 19, 2012

Earnings up for Pool Corp. in second quarter

Pool Corp., the Covington-based distributor of swimming pool and backyard supplies, reported improvement in its second-quarter net income on Thursday.

The company said net income for the quarter was $65 million, or $1.34 a share. In the same period a year ago, the company reported net income of $59 million, or $1.19 a share.

Revenue rose to $757.2 million from $706 million in the same quarter a year ago.

Casino Revenue
4:50 pm
Thu July 19, 2012

Louisiana casinos take in $203 million in June

Louisiana's state-licensed casinos took in nearly $203 million from gamblers in June, a 3 percent growth in winnings over their take a year earlier and a slight dip from the previous month.

The figures, compiled by the state police, were presented Thursday to the Louisiana Gaming Control Board.

Across the state, the mix of riverboat, land-based and race track casinos brought in nearly $6 million more than the $197 million they collected in June 2011.

Project-Based Opportunity Program
4:25 pm
Thu July 19, 2012

State taking applications for Katrina business loan program

The state of Louisiana is accepting applications for a program offering low-interest loans of up to $5 million to businesses affected by hurricanes Katrina and Rita in 2005.

The state Office of Community Development said in a statement Wednesday that the loans are designed to address "unmet business recovery needs" and stimulate economy recovery.

Funding for 11 projects already has been approved through the "Project-Based Opportunity Program."

The loans are funded by federal grants from the Department of Housing and Urban Development.

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