finance

Latest News
6:19 pm
Tue April 22, 2014

Louisiana Ranks Near The Bottom When It Comes To Personal Finance

Louisiana residents rank near the bottom when it comes to overall personal finance.

Louisiana residents are not very good at managing money, according to a new report by the Washington, D.C.-based finance website WalletHub.

Data compiled by the website on shopping and saving habits across the country show that Louisiana ranks 48th in the country for overall financial literacy — among the bottom of the pack.

Read more
WRKF
3:01 am
Mon April 7, 2014

Payday Lending: 3 Million Louisiana Loans

Originally published on Tue April 8, 2014 9:52 am

  You live on a limited income, paycheck to paycheck. Now your next paycheck is in jeopardy, because your car won’t start. What to do?

There’s that payday lending store around the corner, so you go take out a loan and buy a new battery for your car. You give the lender a post-dated check for the amount of the loan, plus interest and fees. The lender cashes your check after you get paid. Done deal, right?

Not always, according to David Gray with the Louisiana Budget Project.

Read more
WRKF
2:54 pm
Mon July 15, 2013

TUESDAY: Attorney Mike Wolf, Investment Advisor B.F. "Andy" Anderson

Originally published on Tue July 16, 2013 10:00 am

Local attorney Mike Wolf and Southern University Law Professor Cleveland Coon discuss the George Zimmerman verdict.

Financial consultant Andy Anderson on whether the Bulls will continue to run on Wall Street.   


Read more
Convention Center
9:31 am
Fri September 21, 2012

Convention center to refinance bonds

The authority that oversees the Ernest N. Morial Convention Center will be able to save at least $6 million in interest costs on its outstanding bonds based on action taken by the State Bond Commission.

The Times-Picayune reports the commission on Thursday approved without objection the issuance of $75 million in refunding bonds for the Convention Center.

Business & Technology
11:17 am
Tue August 7, 2012

H&E Equipment plans debt sell

BATON ROUGE — H&E Equipment Services Inc., a Baton Rouge-based construction machinery provider, plans to sell $480 million in debt to investors.

The company says H&E will use the proceeds to retire existing debt and pay a special, one-time cash dividend of $246 million, or roughly $7 per share.

The Advocate reports the company's board of directors must approve the dividend, its amount and the date it will be paid.

The Two-Way
8:36 am
Wed July 11, 2012

JPMorgan Will Move To 'Claw Back' Millions From Execs Who Bungled Billions

Another kind of claws at work. Meanwhile, JPMorgan is going to see if legal steps will let it "clawback" some money paid to executives.
John MacDougall AFP/Getty Images

Originally published on Wed July 11, 2012 9:20 am

JPMorgan Chase CEO Jamie Dimon predicted this would happen: The bank "plans to reclaim millions of dollars in stock from executives at the center of the trading blunder that shocked Wall Street," The Wall Street Journal reports

Read more