thereductbox.com Business Wire

Liberty Bank expands into Detroit with acquisition

Sat, 07 Nov 2009 11:50:03 -0800

Liberty Bank and Trust Co., has acquired Home Federal Savings Bank located in Detroit, the New Orleans-based commercial bank announced Friday.

Submerged Roads repairs to interrupt Nashville Avenue traffic

Sat, 07 Nov 2009 05:37:00 -0800

Workers from Barriere Construction will perform roadway repairs on Nashville Avenue from Claiborne Avenue to Prytania Street and Camp Street to Tchoupitoulas Street for about five months.

Fleur de Lis Ambassadors plan D.C. trip

Fri, 06 Nov 2009 13:46:50 -0800

Fielkow said it is important to continue to talk to the media and organizations "to remind them that New Orleans has come a long way and much of that progress is due to the resiliency and fortitude of our citizens."

N.O. first-time jobless claims drop for 3rd straight week

Fri, 06 Nov 2009 12:51:33 -0800

Jefferson Parish led the New Orleans area 353 claims, while St. Bernard had two, the fewest in the state. East Baton Rouge Parish had the highest with 389.

Spanish Plaza to get 2nd restaurant

Fri, 06 Nov 2009 12:43:09 -0800

Poppy's Time Out Bar and Grill is expected to open by the end of the year. It will be in a renovated space formerly occupied by a Fat Tuesday daiquiri store that closed in December, said Riverwalk marketing director Lauren Wakeman.

New Orleans Hornets owner has prostate cancer

Fri, 06 Nov 2009 09:38:20 -0800

Hornets Owner George Shinn today announced that he has been diagnosed with prostate cancer.

Starbucks sees demand stirring again

Fri, 06 Nov 2009 06:34:00 -0800

(From The Wall Street Journal) Starbucks Corp.'s profit soared in its fiscal fourth quarter, thanks mostly to cost-cutting efforts, but the retailer also saw improvement in demand for its coffee drinks. (Registration required)

Online price war moves to DVDs

Fri, 06 Nov 2009 06:32:00 -0800

(From The Wall Street Journal) Wal-Mart Stores Inc. extended its holiday price war into new territory by slashing online prices on 10 hotly anticipated DVDs, including the new Star Trek and Harry Potter releases, to $10. (Registration required)

Shares of Shaw Group jump

Fri, 06 Nov 2009 06:26:00 -0800

HARTFORD, Conn. (AP) -- Shares of the Shaw Group jumped Thursday soon after the CEO of the engineering and construction firm bought $6.4 million worth of shares this week.

U.S. jobless rate tops 10% for first time since '83

Fri, 06 Nov 2009 05:48:00 -0800

WASHINGTON (AP) — The unemployment rate has surpassed 10% for the first time since 1983 — and is likely to go higher.