Business & Technology

All Tech Considered
2:33 am
Tue August 14, 2012

Despite Layoffs, Google's Motorola Strategy Aims At Innovation

Google's Android 3.0 Honeycomb OS is demonstrated on a Motorola Xoon tablet during a media event at Google headquarters on Feb. 2, 2011. Google acquired Motorola Mobility in August 2011 for $12.5 billion.
Justin Sullivan Getty Images

Originally published on Tue August 14, 2012 4:18 pm

Google is shaking things up at its new subsidiary Motorola Mobility, announcing Monday that it will lay off 20 percent of the company's global workforce. Its strategy is to create a small division led by a technology star to spur innovation at the company that invented the cellphone.

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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.

The Two-Way
6:46 am
Mon August 13, 2012

Google Cutting 4,000 Jobs At Motorola; 1,300 Of Them Are In U.S.

Motorola's Droid Razr Maxx.
David Becker Getty Images

Google is eliminating about 20 percent of the jobs at Motorola Mobility, the struggling cellphone manufacturer it finished acquiring earlier this year for $12.5 billion, according to reports from The New York Times, Dow Jones' All Things Digital blog and other news outlets.

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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.

Your Money
4:51 am
Sun August 12, 2012

Some Small Investors Still Wary Of Betting On Wall St.

Traders prepare for the start of early trading at the New York Stock Exchange. Some say there's been a loss of faith in the stock market's return on investment over the last 15 years.
Bebeto Matthews AP

Originally published on Mon August 13, 2012 4:55 pm

Ten years ago, Andres Cortez, a chauffeur in Los Angeles, might have been part of the hordes of people dabbling in day trading or haunting the online stock forums. He might have been bragging to his friends about the money he made in tech stocks, or learning how to margin trade at a night school.

Instead, he keeps his distance from stocks.

As he stands by his car and waits for a passenger downtown, Cortez says he has a little money he's put aside and is keeping it in a savings account, where it earns virtually nothing.

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Unemployment
2:32 pm
Fri August 10, 2012

Louisiana 1st-time jobless claims increase

First-time claims for unemployment insurance in Louisiana for the week ending Aug. 4 increased from the previous week's total.

The state labor department figures released Friday show the initial claims increased to 3,216 from the previous week's total of 2,988.

For the comparable week a year earlier, there were 4,033 initial claims.

The four-week moving average, which is a less volatile measure of claims, decreased to 3,240 from the previous week's total of 3,426.

The Two-Way
11:20 am
Fri August 10, 2012

FTC Finalizes Privacy Settlement With Facebook

Facebook CEO Mark Zuckerberg talks about history of Facebook during the f/8 conference in San Francisco.
Paul Sakuma AP

The Federal Trade Commission has finalized a settlement with Facebook in which the social media leader agrees to get users' approval before making any privacy changes and agrees to periodic third-party audits for the next 20 years on how it handles user privacy.

We told you about this settlement back in November, but today, Reuters reports, after a period of public comment, the settlement has become official.

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The Two-Way
9:45 am
Fri August 10, 2012

Consumer Bureau Moves To Make Mortgages Clearer, Foreclosures Fewer

A "bank owned" sign in front of a home in Miami last October.
Joe Raedle Getty Images

Saying it wants "to protect homeowners from surprises and costly mistakes by their mortgage servicers," the Consumer Financial Protection Bureau today proposed new rules it believes would make the home loan process simpler and give struggling homeowners more of a chance to avoid foreclosures.

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