Small businesses in 11 Louisiana parishes are now eligible for low-interest federal disaster loans from the U.S. Small Business Administration.
Alfred E. Judd, director of the SBA's Disaster Field Operations Center-West, said in a news release Tuesday that the loans can offset economic losses caused by the drought that began June 19.
The eligible parishes are Morehouse, Richland, Union, West Carroll, Caldwell, Claiborne, East Carroll, Franklin, Lincoln, Madison and Ouachita. Three neighboring counties in Arkansas — Ashley, Chicot and Union — also are eligible.
What your next smart phone or tablet computer might look like is in the hands of a California jury. In one of the biggest patent infringement cases ever, Apple is suing Samsung — charging that in creating its products, Samsung ripped off iPhone and iPad technology. Samsung countered with its own allegations.
This case is complex, the legal issues are daunting, and the jury's decision has to be unanimous.
"What's at stake here is the future of smartphones and the tablet market," says intellectual property expert Christopher V. Carani.
Interest rates on mortgages are at an all-time low. But refinancing can be a daunting process. Financial guru and author Louis Barajas speaks with guest host Viviana Hurtado about the ins and outs of refinancing, and what consumers can do to make the process go more smoothly.
Pretty much every smartphone on the market today offers GPS. Apps of all kinds use that geo-locating ability to offer you the local weather forecast or help you find nearby restaurants.
There are also apps designed to help singles look for love, and the concept has been a hit — with men. The app Grindr, for gay men, has more than 4 million users worldwide. And straight guys are signing up for a bunch of dating apps, as well.
And let's talk about one more bright spot in the American economy - anything that is wrapped in bacon.
Today's last word in business is the double bacon corn dog.
DAVID GREENE, HOST:
Yeah. Vendors at the Iowa State Fair delighted - or disgusted - consumers when deep-fried butter made its debut last year. Well, this year, Campbell's Concessions took a hotdog, wrapped it in bacon, dipped it in corn batter, which is infused with even more bacon, and they dropped it, where else, into a deep fryer.
Exports of goods and services have been one of the bright spots in the lackluster U.S. economy lately. Exports have been growing much faster than almost anything else. But, economies around the world are now slowing.
And to find out what that means for U.S. exports and jobs, we turn, as we often do, to David Wessel, economics editor of The Wall Street Journal.
Refinance activity continues to boom, fueling the home-loan market. Low interest rates have created a class of "serial refinancers" — those lucky enough to borrow at lower rates — and given them new opportunities to spend their freed up cash.
Settlement attorney Robert Gratz never used to be on a first-name basis with his clients.
"In the past, our practice was such that you'd see people, and that was the end of it," he says.
Gratz now sees the same faces all the time, of clients refinancing again and again — these days in the mid-3 percent range.