A new report is suggesting state lawmakers should lessen Louisiana's generous film tax credits and cap the amount of money it can cost the state each year in lost revenue.
Louisiana spent $231 million last year to attract movie productions, through a tax break program that continues to grow larger annually and that has cost the state more than a billion dollars over a decade.
The left-leaning Louisiana Budget Project says the state hasn't gotten much in return besides the prestige of hosting big-name Hollywood actors.
A drop in natural gas prices is hurting balance sheets across the petroleum industry. The second-largest natural gas producer in the United States — Oklahoma City-based Chesapeake Energy — has been hit especially hard.
After 23 consecutive years of touting its increasing natural gas production, Chesapeake CEO Aubrey McClendon told investors during a conference call Tuesday that the company projects its gas output will drop about 7 percent in 2013.
The Louisiana Farm Bureau Radio Network is merging with the Louisiana Radio Network's agrinews division.
The Advocate reports that the Louisiana Farm Bureau Agrinews Radio Network will have a combined 42 affiliates in Louisiana and Mississippi.
LRN launched the Louisiana Agrinews Network in 1976, offering several daily agriculture reports for the state's farmers and produced in cooperation with the Farm Bureau. In 1998 the Farm Bureau began the Louisiana Farm Bureau Radio Network with 22 affiliates statewide.
Steve Inskeep speaks with Jim Zarroli on 'Morning Edition'
As its stock tumbled today following word that New York State regulators have labeled it a "rogue institution" that allegedly hid about 60,000 secret transactions involving $250 billion in Iranian funds, Britain's Standard Chartered Bank strongly denied the accusations.
It "rejects the position or portrayal of facts as set out in the order," the bank said.
Mackie Shilstone isn't only New Orleans' health and fitness guru, he's a worldwide sports phenomenon. Mackie talks about working with superstar athletes — like Serena Williams, whom he recently helped recapture Wimbledon — and his own will to win.
The Baton Rouge Metro Airport's budget is projected to increase by nearly 5 percent in 2013 to $13.1 million. That's according to a proposal presented to the Airport Commission's finance committee.
Cary Morgan, the airport's business manager, says the increase from an expected $12.5 million expenditure in 2012 will be funded primarily through non-airline revenue, which is expected to jump $400,000 to $9 million.
Non-airline revenue comes from parking, concessions, rental car companies, leases of airport property and other sources.
Entergy Corp.'s net income rose 16 percent in the second quarter after the power company received favorable tax terms on financing costs for fixing damage to lines and equipment caused by hurricanes Katrina and Rita.
The increase also reflected stronger sales to Entergy's utility customers.
The New Orleans-based company reported Tuesday that its net income rose to $365 million, or $2.06 per share, for the three months ended June 30, up from $315.6 million, or $1.76 per share, a year ago.