Business

Super Bowl 2013
12:37 pm
Thu February 21, 2013

BR Hotels Rake In $2.54 Million Over Super Bowl Weekend

Super Bowl XLVIIgenerated a major boost for Baton Rouge tourism. That’s according to Smith Travel Research, which tracks hotel occupancy nationwide, and capital city tourism officials are pleased with the numbers.

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Business
3:41 pm
Tue February 5, 2013

Baton Rouge Patent Growth Lags Behind Cities Nationwide

Patent production isn’t growing as quickly in Baton Rouge as in other metro areas, according to a new national study.

The Brookings Institution ranks Baton Rouge 141st out of over 350 metro areas for patent production. The capitol city averaged 71 new patents yearly between 2007 and 2011. But it is on the bottom of the list for patent growth.

High patent production typically coincides with low unemployment. And patent growth can indicate coming industry expansion.

Business
5:10 am
Tue February 5, 2013

BP's Profit Drops

Originally published on Tue February 5, 2013 12:47 pm

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with a slip for BP.

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

The British oil company, BP, announced its 4th quarter earnings today, and its net profit was about a billion dollars lower than a year earlier. BP has been shrinking as assets have been sold off to pay for its liabilities tied to the 2010 Gulf of Mexico oil spill.

Super Bowl 2013
3:42 pm
Mon February 4, 2013

BR Gets Tourism Bump From Super Bowl Spill-Over

Baton Rouge promoted its accommodations to Super Bowl fans.
Credit Visit Baton Rouge

Preliminary data from the New Orleans Tourism Marketing Corporation shows Super Bowl XLVII brought an estimated 150,000 visitors to New Orleans, and is expected to rake in an estimated $432 million for the city’s economy.

Just about 80 miles up the road here in the capital city, tourism spill-over from the Super Bowl-boom gave Baton Rouge a bit of an economic bump as well.

Visit Baton Rouge President and CEO Paul Arrigo says Baton Rouge started planning for Super Bowl 2013 in 2009, when New Orleans was initially chosen for the site.

This audio is pending

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Business
12:31 pm
Thu December 27, 2012

Chemical Company Declares Force Majeure After Facility Fire

Surface coating and specialty products giant PPG Industries declared a force majeure Thursday for vinyl chloride monomer made at its Lake Charles facility.

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Energy
5:48 am
Sun December 23, 2012

Forget Fracking: 2012 Was A Powerful Year For Renewables

Wind turbines stand alongside an electrical tower at the National Wind Technology Center, run by the U.S. Department of Energy, outside Boulder, Colo.
Brennan Linsley AP

Originally published on Mon January 7, 2013 10:44 am

Natural gas may have reshaped the domestic energy market in 2012, lowering energy prices and marginalizing the coal industry, but America's shale boom hasn't undermined renewables.

In fact, while analysts were paying attention to fracking this year, a record number of solar panels were being slapped on roofs — enough to produce 3.2 gigawatts of electricity.

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Economic Development
1:11 pm
Fri December 21, 2012

Shaw Group Shareholders Approve Sale To CB&I

Shareholders of the construction and engineering company The Shaw Group voted Friday to sell the company to Netherlands-based infrastructure giant CB&I.

Baton Rouge’s only Fortune 500 Company said in a statement that 99-percent of its shareholders voted in favor of the deal worth a little over $3-billion-dollars.

Baton Rouge Area Chamber CEO Adam Knapp said CB&I sees Baton Rouge as a center for engineering talent.

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Economic Development
1:35 pm
Mon December 3, 2012

Gas-to-Liquid Plant to be First in U.S.

Johannesburg-based Sasol plans to invest up to $21 billion in a gas-to-liquids facility in Westlake.

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Economic Development
3:43 pm
Wed November 28, 2012

Chitosan Plant to Open in Opelousas

Governor Bobby Jindal and AgraTech International Chairman Richard DeMarco announced Wednesday the company will renovate a former Opelousas bottling facility to produce chitosan.

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Wealth and Poverty
10:48 am
Thu November 15, 2012

Louisiana Ranks 6th for Income Inequality

The gap between rich and poor in Louisiana is continuing to grow steadily, according to an analysis of the latest Census figures.

In the Bayou state, the top 20 percent made 9 times more than the bottom 20 percent in 2010. Based on that measure, the Center on Budget and Policy Priorities and the Economic Policy Institute rank Louisiana as the sixth worst state for income inequality.

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