Business & Technology

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.

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.

Read more
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.

Read more
Economy
6:35 am
Sat July 21, 2012

LIBOR Spotlight Shifts To U.S. Regulators

Transcript

SCOTT SIMON, HOST:

There's another dimension to that unfolding LIBOR scandal which cost Barclays, the British bank, its CEO and $450 million in fines after it was revealed that the bank had been manipulating international lending rates. Attention has shifted to why U.S. financial regulators, who knew about the rate rigging, didn't move to stop it more swiftly.

We're going to put that question to Robert Smith, correspondent for NPR's Planet Money. He joins us from New York. Robert, thanks for being with us.

ROBERT SMITH, BYLINE: My pleasure.

Read more
Business
3:22 pm
Fri July 20, 2012

Romney's 1040: Tax Terms An Accountant Would Love

iStockphoto.com

Originally published on Fri July 20, 2012 4:17 pm

For weeks, Democrats have been trying to call voters' attention to the financial dealings of Mitt Romney, the presumptive Republican presidential nominee.

Supporters of President Obama, the Democratic Party's candidate, have been suggesting that Romney has exploited tax shelters and offshore accounts to build and protect his wealth in ways that average taxpayers would never be able to do.

They are demanding Romney release many years of tax returns.

Read more
Planet Money
3:11 pm
Fri July 20, 2012

Just How Blind Are Blind Trusts, Anyway?

J.D. Pooley Getty Images

Originally published on Mon July 23, 2012 9:32 am

As Mitt Romney has faced questions about his investments and tax returns, the likely Republican presidential nominee has responded with two words of explanation: blind trust.

Romney keeps most of his wealth in a blind trust designed to prevent him from knowing exactly where his money is and what it's doing. It's a long tradition for presidents and candidates, though anyone can set one up if he wants to.

But it turns out that not all blind trusts are equally blind. Some are cast into complete and utter darkness. Others are more nearsighted.

Read more
Around the Nation
11:20 am
Fri July 20, 2012

For Stockton, Calif., Bankruptcy 'Freezes Everything'

Many cities around the country are faced with growing costs and shrinking revenue. Despite making sweeping cuts, Stockton, California recently became the largest city to file for bankruptcy. Host Michel Martin talks with Stockton Mayor Ann Johnston about how she's managing a city that's operating in the red.

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.

All Tech Considered
4:56 pm
Thu July 19, 2012

As Wikipedia Gets Pickier, Editors Become Harder To Find

Wikipedia founder Jimmy Wales speaks during "Wikimania 2012," an international Wikimedia conference, in Washington, D.C.
Mandel Ngan AFP/Getty Images

Originally published on Thu July 19, 2012 5:38 pm

Admit it. You've used the free, crowd-sourced entries of Wikipedia to brush up on history or look up a fact or two in many a trivia conundrum. And you're not alone. Since Wikipedia was launched more than a decade ago, millions of Web users have "Wikied" this or that.

But what have you done for Wikipedia lately?

Maybe you've added a sentence or two to an entry, or even created a new page about for your favorite up-and-coming indie artist.

Read more
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.

Pages