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N.O. casino market posts gains

Winnings in the New Orleans casino market increased by 4.2 percent in October when compared with the year before, breaking a two-month string of falling short of 2013 numbers. The three riverboats, Harrah’s land-based casino and slots at the Fair Grounds brought in $52.3 million, according to figures released Thursday by Louisiana State Police. That compares with… Continue reading →

Apache sells La., Texas, Okla. wells for $1.4 billion

Apache Corp. plans to sell some oil and gas properties in southern Louisiana and the Anadarko Basin in Texas and Oklahoma for roughly $1.4 billion. Apache did not name the buyers for the properties. The company described the Louisiana properties as “mature fields” with high decline rates and short reserve lives. The Louisiana wells produced the… Continue reading →

Sanchez Energy’s lenders increase borrowing base

Houston-based Sanchez Energy Corp. said Thursday its lenders have doubled the company’s borrowing base to $650 million, a move that shows the strength of Sanchez’s collateral. The company generated strong reserve growth through drilling and acquisitions, said Michael G. Long, executive vice president and chief financial officer. The company has also used geologic and engineering studies to… Continue reading →

Environmentalists call on EPA, industry to lower methane emissions

Sensible practices and low-cost technologies — such as finding and fixing leaks at oil and natural gas wells, processing centers and massive storage facilities — could cut methane emissions in half, according to a report from leading climate advocates. Methane warms the climate at least 80 times more than an equal amount of carbon dioxide over a… Continue reading →

Small businesses feel good about holiday sales

Small businesses feel confident and expect stronger holiday sales, according to a quarterly survey by Capital One. The survey found that 71 percent of small businesses expect consistent or improved sales during the holiday season. Some 57 percent believe current business conditions are excellent or good, 10 percent more than a year ago. The survey looked… Continue reading →

N.O. airport adds nonstop flights on Allegiant Air

Iftikhar Ahmad ORG XMIT: BAT1408141621500801

Louis Armstrong International Airport will add direct flights to the Midwest and Florida next year through a budget-priced carrier focused on vacation destinations. With the new Allegiant Air flights, the New Orleans airport will have nonstop flights to a total of 43 destinations, the biggest number yet, Director of Aviation Iftikhar Ahmad said. The… Continue reading →

Consumer Reports warns La., U.S. rice highest in arsenic

Rice grown in Louisiana, Arkansas and Texas had the highest levels of inorganic arsenic, a carcinogen that could pose a risk to adults and children if too much is consumed, according to Consumer Reports. Consumer Reports tested 128 samples of basmati, jasmine and sushi rice for arsenic. Those results were combined with findings from the group’s… Continue reading →

Firm plans aluminum mill in Southeast to meet ‘unprecedented demand’

Pittsburgh-based American Specialty Alloys announced plans Monday to build a $1.2 billion aluminum mill somewhere in the southeastern United States. The company said the proposed mill will serve the auto industry’s growing demand for lighter vehicles that can meet stringent federal standards for fuel economy. American Specialty Alloys did not disclose the proposed location for the… Continue reading →

Halliburton buying rival Baker Hughes

NEW YORK — Halliburton is buying rival oilfield services company Baker Hughes Inc. in a cash-and-stock deal worth $34.6 billion. The deal comes just days after talks between the two had stalled and Halliburton prepared to go hostile with its takeover bid. The combined energy company would generate slightly larger revenue than Schlumberger Ltd., currently… Continue reading →

Hotels use new brands to build market share

Photo provided by Marriott's AC Hotel -- NewcrestImage LLC has opened the 220-room AC Hotel New Orleans Bourbon/French Quarter, part of Marriott's introduction of its European line of hotels in the U.S.

Hospitality giant Marriott International Inc. brought its European line of hotels to the United States earlier this month with the opening of an AC Hotel in New Orleans, and industry analysts predict a string of other brands will make local debuts in months to come as more developers seek to tap the city’s growing visitor market.… Continue reading →

Business Briefs for Nov. 16, 2014

The NOLA Home Show will be held Jan. 16-18 at the New Orleans Ernest N. Morial Convention Center. The show will include more than 200 exhibitors for a range of projects, including home improvement, lawn and garden, home décor and beautification. Featured speakers… Continue reading →

People in Business for Nov. 16, 2014

Charles D'Agostino, Louisiana Business and Technology Center

The New Orleans Ernest N. Morial Convention Center has named Melanie J. Rice as sales manager responsible for developing and servicing clients in the West Coast and technology markets. She was national convention center sales manager in Memphis, Tennessee.… Continue reading →

Business Honors for Nov. 16, 2014

Barbara K. Johnson, a principal at consulting firm The Johnson Group, was awarded Fellow status by the International Economic Development Council. Fellowship is based on a member’s substantial contributions to the profession through service to IEDC and/or academic ventures directly related to the practice of economic development. The IEDC is a nonprofit… Continue reading →

Business Meetings for Nov. 16, 2014

LEGAL SECRETARIES OF NEW ORLEANS & THE RIVER REGION WHEN: Tuesday, 6 p.m. WHERE: Smilie’s Restaurant, 5725 Jefferson Highway, Harahan EVENT: Silent auction and election of officers for 2015 COST: $23… Continue reading →

Events set Saturday for ‘Obamacare’ enrollment help

Help in getting health insurance through the Affordable Care Act, known as “Obamacare,” is being provided Saturday at several New Orleans-area locations by the Louisiana Enrollment Partnership. The group is a coalition of organizations trying to ensure Louisiana residents have access to free in-person assistance enrolling in “Obamacare.” In some locations, those assisting will be… Continue reading →

MobileQubes charges into New Orleans venues

New Orleans-based MobileQubes, a network of cord-free, rent-and-return mobile chargers, plans to launch the pilot phase of its service this month with vending machines in Louis Armstrong International Airport, Hyatt Regency New Orleans, Ochsner Health Systems and Tulane University’s uptown campus. “Basically we’re trying to solve the problem that’s out in the market right now… Continue reading →

The Advocate starts construction on new headquarters building

Advocate staff photo by BILL FEIG -- Company executives and officials break ground Tuesday for The Advocate's new three-story, 48,500-square-foot headquarters building at 10705 Rieger Road near the newspaper's printing press building. Participating in the ceremony are Adam Knapp, left, president and CEO of the Baton Rouge Area Chamber; Chris and Trula Remson of Remson, Haley, Herpin Architects; John Georges, publisher and CEO of The Advocate; Lenny Lemoine, owner of the Lemoine Co.; Dan Shea, president and chief operating officer of The Advocate; Peter Kovacs, editor of The Advocate; and Charles Doolittle, facilities director. The building will house The Advocate's newsroom, as well as the business offices for all three of The Advocate’s daily papers and its growing number of weekly papers.

Company executives and officials broke ground Tuesday for The Advocate’s new three-story, 48,500-square-foot headquarters building at 10705 Rieger Road. The building, located near the newspaper’s printing press facility off Siegen Lane at Interstate 10, will house The Advocate’s newsroom, as well as the business offices for all three of The Advocate’s daily papers and its growing… Continue reading →

Halcon drilling several Tuscaloosa wells, but reducing 2015 activity

Houston-based Halcón Resources plans to drill several more wells in the Tuscaloosa Marine Shale by the end of the year but will sharply reduce its drilling activity in 2015 because of low oil prices, the company said Monday. The Tuscaloosa stretches across the middle of Louisiana and into Mississippi. Halcón plans to drill two new wells… Continue reading →

Zoe’s Kitchen acquires Louisiana franchise

Zoe’s Kitchen Inc. has completed an acquisition of five franchised restaurants in Louisiana and development rights for additional restaurants in the state for about $8 million. The Plano, Texas, company said the acquisitions included three Zoës Kitchen restaurants and two more under development. The company did not specify locations in a press release. Its website shows two… Continue reading →

Louisiana’s drone industry prepared to take off

Advocate staff photo by TRAVIS SPRADLING -- Paul Charbonnet, left, owner of Atmosphere Aerial in Baton Rouge, and pilot/camera operators Josh Rogers and Cole Sullivan demonstrate the company's DJIS900 'hexa-copter,' the workhorse drone the company uses for aerial photography jobs.

To Paul Charbonnet, co-owner of Baton Rouge-based Atmosphere Aerial, drones represent freedom, the filmmaker’s creativity loosed, camera views and angles restricted only by imagination. The bird’s-eye view writ large. “The unlimitedness of the shot is just incredible,” Charbonnet said. The devices can fly closer to buildings or actors than a helicopter and… Continue reading →

Business Briefs for Nov. 9, 2014

Jimmy Skrasek, Lafayette General Health

Diaz Inc. has opened the recently renovated Clearview Park Shell, 4400 Clearview Parkway, Metairie. The renovated location houses Diaz Market, a local convenient store chain operated by Diaz Inc., GiGi and MoMo’s, a fresh build-your-own burrito concept, and PJ’s Coffee, which also will offer drive-through service.… Continue reading →

People in Business for Nov. 9, 2014

Clint Seneca, Greater Baton Rouge Port Commission

Bryan Roberts has been named by HRI Lodging as general manager of the Hilton Garden Inn French Quarter/CBD. Roberts, a native of New Orleans, was an opening director for the all-seasons mountain resort at Montage Deer Valley in Park City, Utah, and previously managed Harrah’s New Orleans hotel.  … Continue reading →

Business Honors for Nov. 9, 2014

Nicole Magee, Louisiana Cancer Registrar

Paul M. Sterbcow, a partner in the firm of Lewis, Kullman, Sterbcow & Abramson, has become a Fellow of the American College of Trial Lawyers. Fellowship is by invitation only to those with a minimum of 15 years trial experience and careers marked by high standards of ethical conduct, professionalism, civility and… Continue reading →

Business Meetings for Nov. 9, 2014

AMERICAN BUSINESS WOMENS ASSOCIATION — CRESCENT CITY CONNECTIONS EXPRESS NETWORK WHEN: Thursday, 11 a.m.-1 p.m. WHERE: Ralph Brennan’s Heritage Grill, 111 Veterans Blvd., Metairie SPEAKER: Desiree Young, business strategist and founder of VentureWalk, on developing a powerful pitch… Continue reading →

U.S. rig count down 4; Louisiana drops 3

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 1,925. The Houston firm said Friday in its weekly report that 1,568 rigs were exploring for oil and 356 for gas. One was listed as miscellaneous. A… Continue reading →

Initial unemployment claims rise in Louisiana

The state labor department says first-time claims for unemployment insurance in Louisiana for the week ending Nov. 1 increased to 2,178 from the previous week’s total of 2,171. For the comparable week a year earlier, there were 2,309 initial claims, officials said Friday. The four-week moving average, a less volatile measure, increased to 2,212, from the… Continue reading →

ACG holding Louisiana’s Got Talent’ small business event

A small business exposition titled Louisiana’s Got Talent is being hosted by the Louisiana chapter of the Association for Corporate Growth from 3 p.m. to 7 p.m. Nov. 20 in the Grand Ballroom of the Harrah’s New Orleans Hotel, 228 Poydras St. The expo will showcase small businesses from New Orleans and is meant to foster… Continue reading →