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Morgan City shipbuilder Conrad Industries posts smaller profit

Friday, 27 March 2015 15:31 Written by
Morgan City-based shipbuilder Conrad Industries Inc. reported its fourth-quarter profit dipped to $5.2 million, or 88 cents per share, compared to $10.1 million, or $1.70 per share a year ago. For the year, the company generated net income of $22.8 million, or $3.84 per share, compared to $28.6 million, or $4.80 per share, in 2013. However, Conrad increased its backlog of work to $180.2 million at Dec. 31, compared to $152.9 million a
Breaux to take over as Associated Grocers CEO
Friday, 27 March 2015 14:56 Written by
Emile R. Breaux will become president and CEO of Associated Grocers in May, completing a management transition that started more than a year ago. Breaux will take over from J.H. “Jay” Campbell Jr., who has been president and CEO since February 1995. Campbell will remain with Associated Grocers as its executive chairman and member of the company’s board of directors. In February 2014, Associated Grocers announced a succession plan that designated Breaux as
CEO Campbell to retire in June from Associated Grocers
Friday, 27 March 2015 11:13 Written by
Emile R. Breaux will become president and CEO of Associated Grocers in May, completing a management transition that started more than a year ago. Breaux will take over from J.H. “Jay” Campbell Jr., who has been president and CEO since February 1995. Campbell will remain with Associated Grocers as its executive chairman and member of the company’s board of directors. In February 2014, Associated Grocers announced a succession plan that designated Breaux as
CEO Campbell to retire in May from Associated Grocers
Friday, 27 March 2015 10:59 Written by
Emile R. Breaux will become president and CEO of Associated Grocers in May, completing a management transition that started more than a year ago. Breaux will take over from J.H. “Jay” Campbell Jr., who has been president and CEO since February 1995. Campbell will remain with Associated Grocers as its executive chairman and member of the company’s board of directors. In February 2014, Associated Grocers announced a succession plan that designated Breaux as
$500 million pipeline system to link Motiva refineries in Norco, Convent
Friday, 27 March 2015 08:28 Written by
Motiva Enterprises said Thursday it will connect its refineries in Norco and Convent to create the Louisiana Refining System. The first step will be to build the Maurepas pipeline system, three pipelines that will connect the refineries and link the existing LOCAP terminal in St. James to Norco. Once the pipelines are completed, Motiva plans to idle the Fluid Catalytic Cracker at its Convent refinery. The hydrocracker unit at Norco will be reconfigured
Waffle House near College Drive, Corporate Boulevard in Baton Rouge set to undergo major renovations
Thursday, 26 March 2015 17:25 Written by
The Waffle House restaurant near College Drive and Corporate Boulevard will undergo a major facelift. The city-parish Department of Public Works Inspection Division issued a permit to remodel the restaurant at 2363 College Drive. The value of the work is listed at $450,000 and will involve removing and replacing interior walls, doors, seats, equipment and windows. Repeated attempts to contact the owner, Miller Properties, were unsuccessful. Waffle House spokespeople did not respond to
Raising Cane’s to open its first overseas restaurant in Kuwait City
Thursday, 26 March 2015 15:46 Written by
One love is going international. Raising Cane’s will open its first overseas location this summer with a restaurant in The Avenues mall in Kuwait City, Kuwait. The restaurant should be open by mid-July, said Todd Graves, Cane’s co-founder and CEO. “We’ll see how our franchise partners operate, then we’ll go from there,” said Graves, after a Lemonade Day presentation Thursday at LSU’s E. J. Ourso College of Business. Cane’s is teaming up with
St. James Place retirement community refinances debt
Thursday, 26 March 2015 11:52 Written by
St. James Place, a retirement community on Lee Drive, has issued $63.3 million in bond debt and will use the money for a number of purposes, including to retire a 2007 bond issue, two bank loans and terminate an interest rate swap, according to investment banker Ziegler. St. James issued two sets of bonds: $56.7 million in tax-exempt, fixed-rate bonds, and $6.6 million in taxable, fixed-rate bonds. "This transaction will convert their shorter-term
Baton Rouge-based duo designs iPhone case with crank to charge phones
Thursday, 26 March 2015 09:16 Written by
Two former LSU students have designed an iPhone case that allows users to charge their phones by cranking a handle on the back. Mark Gabriel and Erik Durr, co-founders of Baton Rouge-based Ampware, say the inspiration for the CrankCase came from Hurricane Katrina in 2005. Both men relied solely on their cell phones to stay connected to friends and family. In 2013, they began working on a device that would keep a smartphone powered when
Setpoint opening $400,000 product showroom at Baton Rouge HQ
Wednesday, 25 March 2015 18:31 Written by
Automation provider Setpoint Integrated Solutions will open a $400,000 interactive, industrial process showroom at its headquarters in Baton Rouge. The April 16 opening of the Integrated Technology Center will coincide with a grand opening for Setpoint’s new 113,000-square-foot U.S. operations headquarters at 19151 Highland Road. Setpoint is a subsidiary of PON Holdings B.V. of the Netherlands. “The ITC provides an innovative and interactive experience in a control room setting that provides a complete
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