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Gardens on Mars wins $5,000 in PitchNOLA competition

Garden on Mars, a project that converted four vacant lots into urban teaching gardens for the Lower 9th Ward community, took home first place and $5,000 Wednesday in a business pitch competition. The Propeller Incubator’s PitchNOLA: Living Well competition matched against each other 10 semi-finalist companies offering entrepreneurial solutions to reduce or eliminate health disparities for at-risk… Continue reading →

Allegiant expands service, adds flights from Tulsa to New Orleans

Allegiant has launched new seasonal service to New Orleans from Tulsa, Oklahoma. The company is temporarily offering some one-way tickets on the new route for $33. The new route will offer flights twice a week, expanding on the current service to Louis Armstrong New Orleans International Airport. Allegiant expects the additional flights will bring more than… Continue reading →

Louisiana, 'the obesity-diabetes heartland of America,' still ranks as least healthy state for seniors

A troubling increase in the diabetes and obesity rates among middle-aged Louisiana residents doesn’t bode well for the future of a state that remains the least healthy for seniors. From 1999 to 2014, the prevalence of diabetes in Louisiana among those ages 50 to 64 jumped from 11.5 percent to 17.8 percent, the 2016 United… Continue reading →

Bar Foundation receives $6.6 million to help prevent foreclosures, redevelop communities

The Louisiana Bar Foundation received nearly $6.6 million under a 2014 Bank of America mortgage settlement with the U.S. Department of Justice and six states. The agreement calls for the money to be used for legal assistance in foreclosure prevention and community redevelopment. The Louisiana group, whose headquarters are in New Orleans, is one of 56 state-based… Continue reading →

Monsanto rejects $62 billion Bayer bid

Associated Press file photo -- Monsanto is rejecting Bayer's $62 billion takeover bid, calling it "incomplete and financially inadequate." However, the seed company suggested Tuesday that a higher bid might be accepted.

Monsanto rejected Bayer’s $62 billion takeover bid, calling it “incomplete and financially inadequate.” However, the seed and weed killer company, which operates a plant in St. Charles Parish, suggested Tuesday that a higher bid might be accepted, saying it remains open to talks. Bayer replied it is committed to completing the deal.… Continue reading →

Planners OK proposal for new amphitheater, market on New Orleans lakefront

Rendering provided by Studio Network-Lakefront LLC -- Plans for a new live-entertainment venue on Lake Pontchartrain in New Orleans include an outdoor amphitheater and an open-air market.

New Orleans city planners on Tuesday signed off on a proposal for a new live-entertainment venue on Lake Pontchartrain that includes an outdoor amphitheater and an open-air market along a stretch of the New Orleans lakefront that’s been vacant since Hurricane Katrina. Roland Von Kurnatowski’s plan calls for surrounding the 5,000-person amphitheater with a promenade that… Continue reading →

GNO Foundation signs firm to manage $200 million investment portfolio

The Greater New Orleans Foundation has named CA Capital Management to manage its $200 million investment portfolio. “We trust that CA Capital Management will protect and grow the foundation’s assets,” said Ryan Crespino, vice president of finance and administration for the foundation. “They are experts in the field of managing endowments and 60 percent of their clients… Continue reading →

Bayer makes $62 billion bid for Monsanto

Associated Press file photo -- Bayer's logo is visible at the Berlin Brandenburg Airport in Schoenefeld, Germany. The German drug and chemicals company has made a $62 billion offer to buy U.S.-based crops and seeds specialist Monsanto Co.

German drug and chemicals company Bayer AG has put a price tag of $62 billion on its offer to buy U.S.-based crops and seeds specialist Monsanto, which operates a plant in St. Charles Parish. The proposed combination would create a giant seed and farm chemical company with a strong presence in the U.S.,… Continue reading →

World's largest nitrogen fertilizer plant based in Louisiana cancels $6 billion deal with Netherlands company

Advocate staff file photo -- CF Industries, owner of the world’s largest nitrogen fertilizer plant located in Donaldsonville, has dropped plans to acquire the distribution networks of Netherlands-based OCI N.V.

CF Industries Holdings Inc., soon to have the world’s largest nitrogen fertilizer plant located in Donaldsonville, has dropped plans to acquire the distribution networks of Netherlands-based OCI N.V. in a $6 billion deal. The combination would have created one of the planet’s largest nitrogen fertilizer companies. CF Industries said an April announcement by the U.S.… Continue reading →

Louisiana nonfarm employment slips with decreases in 6 of 11 job sectors

Advocate staff file photo by LESLIE WESTBROOK -- Inland drilling rigs are stacked in the Port of Iberia in December. The state’s mining and logging industry, which includes the oil and gas sector, fell 18.2 percent, or 8,900 jobs, over the 12 months through April.

Louisiana’s nonfarm employment slipped 0.8 percent to 1,979,000 over the 12 months ending April 30, as oil’s downturn continued rippling through the economy. Employment fell in six of 11 of Louisiana’s business sectors. The numbers are preliminary estimates from the U.S. Bureau of Labor Statistics and are not adjusted to reflect seasonal changes.… Continue reading →

Morgan Stanley launches Healthy Cities New Orleans

Financial services giant Morgan Stanley has named New Orleans as its eighth Healthy Cities location, launching the program with a playground build at Lake Forest Charter School. The Healthy Cities program, working with Second Harvest Food Bank of Greater New Orleans, targets needy children and their families. The program’s goal is to help more than 1,000 children… Continue reading →

American Sugar Cane League: 2016 crop shows good potential

The American Sugar Cane League says the 2016 cane crop shows good potential and could pass last year’s 1.4 million tons of raw sugar. Senior Agronomist Herman Waguespack said as the prime sugar cane growing season begins, farmers from central and south Louisiana report good spring stands of sugar cane despite the abnormally wet winter of 2015.… Continue reading →

Danos and Curole Marine Contractors laying off 80 workers in Morgan City

About 80 workers will be laid off in July at the Danos and Curole Marine Contractors’ fabrication division facility in Morgan City. The layoffs at the Amelia yard will occur between July 13 and July 27 because of “a significant downturn in business,” the Gray-based oil and gas services company said in a notification to the Louisiana… Continue reading →

Germany’s Bayer confirms takeover talks with U.S.’s Monsanto, which operates a plant in St. Charles Parish

Associated Press file photo -- Monsanto's is on display at the Farm Progress Show in Decatur, Ill. German drug and chemicals company Bayer AG confirmed Thursday it has entered talks about a possible purchase of the Monsanto Co.

Monsanto Co., which operates a plant in St. Charles Parish, is in talks about being acquired by German drug and chemicals company Bayer. The combination would create a giant seed and farm chemical company with a strong footprint in the U.S., Europe and Asia, combining two businesses with a complementary geographical focus. But Bayer might have… Continue reading →

More workers eligible for overtime

Associated Press file photo -- The fast-food, retail and hotel industries are among those expected to feel the effects of new federal overtime regulations that will make more than 4 million U.S. workers eligible for overtime pay.

New federal overtime regulations will make more than 4 million U.S. workers eligible for overtime pay, but the rules aren’t expected to result in widespread raises for “managers” in Louisiana. “A lot of people are going to look at different ways to skin the cat,” said Thomas R. Peak, a partner with Taylor, Porter, Brooks &… Continue reading →

YouthForce NOLA gets $7.5 million for career training effort for high school students

YouthForce NOLA is getting $7.5 million to help expand career training for high school students and steer them into well-paying jobs in growing industries such as manufacturing, health care and technology. The money — $5 million from Bloomberg Philanthropies and the rest from JPMorgan Chase & Co. — will support the YouthForce NOLA collaboration of local education… Continue reading →

Tech Park Academy offers affordable sales training to entrepreneurs

“Nothing happens until somebody sells something.” It’s a business truism for startups and well-established firms, for low- and high-tech companies. And it’s the reason the Louisiana Technology Park is holding a series of sales training events known as Tech Park Academy. “We’re all about helping companies grow so when we looked at what are… Continue reading →

New Orleans, Baton Rouge, Lafayette Business Briefs for May 15, 2016

Louisiana Economic Development and the U.S. Small Business Administration have presented 2016 Louisiana Small Business Awards honoring small-business leaders who exemplify the entrepreneurial spirit of the state. Winners were honored in a private reception at the Governor’s Mansion. “Small businesses make big contributions to Louisiana’s… Continue reading →