Louisiana and Metro Baton Rouge business news.

An oil drilling boom that has made the U.S. the world's leading oil and petroleum product producer has some people urging an end to the four-decade ban on exporting domestic crude.

Some in the oil industry are launching a campaign to lift the ban, and they hope to win over a skeptical public.

Platform supply vessels battle the blazing remnants of the off shore oil rig Deepwater Horizon, April, 20, 2010.
U.S. Coast Guard

BP was to blame — that was U.S. District Judge Carl Barbier’s ruling a week ago in the case over the Macondo well disaster. The judge found Transocean, which was operating the Deepwater Horizon rig in 2010, and cement contractor Haliburton at fault too. But Barbier said BP was guilty of “gross negligence”. And that could mean that payouts by BP balloon to $50 billion or more ultimately.

Dr. Jim Richardson, professor of public administration and economics at LSU explains some of the business implications.

Chances are your local mall is hurting. There are roughly 1,200 enclosed malls in the U.S. and only about a third of them are doing well.

Online shopping, the recession and demographic shifts are some of the factors killing shopping malls. And as these changes leave behind huge concrete carcasses, they're being "reimagined" into everything from medical centers to hockey rinks.

This week, hundreds of Louisiana shrimpers say they’re leaving their boats parked, and their shrimp nets dry.

The Louisiana Shrimp Association announced a voluntary five-day work stoppage. The goal? To get shrimp processors to pay a higher price.


The oil giant BP said the legal battle over its 2010 oil spill isn't over. The company plans to appeal the federal judge's ruling yesterday, which said BP's reckless conduct and gross negligence caused the largest offshore oil disaster in U.S. history. BP's stock took a hit after the decision, which exposes the oil company to potentially billions more in financial penalties for polluting the Gulf of Mexico. This decision was welcomed news along the Gulf Coast.

In a long-awaited ruling, a federal judge on Thursday said BP acted with gross negligence in relation to the 2010 Deepwater Horizon oil rig explosion and consequent oil spill.

The decision could cost the British oil giant billions of dollars. Bloomberg reports:

CVS Caremark has pulled cigarettes from its shelves a month ahead of schedule.

In February, CVS, one of the nation's largest drugstore chains, said it would stop selling tobacco products by October, despite the profits they brought the company. Now cigarettes in the company's stores are history.

BP's 2010 oil spill in the Gulf of Mexico disrupted business all along the coastline. Through the end of July, the oil giant paid more than $13 billion to compensate people, businesses and communities affected. The company is disputing some of those claims in court battles that could drag on for years.

VF Corp. is one of the biggest clothing companies you might not have heard of. But its brands include Lee and Wrangler jeans, Timberland shoes and The North Face, and it also makes uniforms for police and major league sports teams.

It's also a large purchaser of cotton. "We buy roughly 1 percent of the cotton available in the world," says Letitia Webster, VF's senior director of sustainability. Her job is to both reduce the company's greenhouse gas footprint and reduce its risks from climate change.

Some Call For More Sharing In Ridesharing

Aug 25, 2014

Taxicabs are fighting tooth and nail against Uber, the company that enables car owners to drive part time or full time for pay, like cabbies.

But behind this battle, there's another one brewing inside the world of ridesharing. Uber and its competitors in San Francisco are sparring over cash, over drivers, and over some basic values, too.

But a researcher says branding the startups Uber and Lyft as ridesharing services isn't quite accurate. Now, an emerging set of services promises to be more about sharing.

Chauffeur Vs. Your Friend With A Car