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Dudley DeBosier law firm partners buy downtown building to house support staff

Partners at personal injury law firm Dudley DeBosier have purchased a Beauregard Town office building for nearly $2.07 million with plans to move the firm’s support staff to the building. DePeltier International LLC bought the building at 320 Somerulos St. in two transactions that were filed Wednesday with the East Baton Rouge Clerk of Court’s… Continue reading →

Bar Foundation receives $6.6 million to help prevent foreclosures, redevelop communities

The Louisiana Bar Foundation received nearly $6.6 million under a 2014 Bank of America mortgage settlement with the U.S. Department of Justice and six states. The agreement calls for the money to be used for legal assistance in foreclosure prevention and community redevelopment. The Louisiana group, whose headquarters are in New Orleans, is one of 56 state-based… Continue reading →

Winn-Dixie to hold ribbon cutting for Central remodeling

Winn-Dixie has completed a remodeling of its store at 10974 Joor Road in Central. The remodeling included putting in a new seafood department, a new beer, wine and spirits shop and an updated produce department. The store also has an expanded line of gluten-free and natural products, along with more locally produced items. Winn-Dixie officials… Continue reading →

Monsanto rejects $62 billion Bayer bid

Associated Press file photo -- Monsanto is rejecting Bayer's $62 billion takeover bid, calling it "incomplete and financially inadequate." However, the seed company suggested Tuesday that a higher bid might be accepted.

Monsanto rejected Bayer’s $62 billion takeover bid, calling it “incomplete and financially inadequate.” However, the seed and weed killer company, which operates a plant in St. Charles Parish, suggested Tuesday that a higher bid might be accepted, saying it remains open to talks. Bayer replied it is committed to completing the deal.… Continue reading →

Baton Rouge, New Orleans, Lafayette Business Honors for May 22, 2016

BATON ROUGE AREA Christen Campbell, an environmental, health and safety specialist for BASF in Geismar, was recognized as an emerging leader with a Manufacturing Institute STEP Ahead Award focusing on science, technology, engineering and production. The Manufacturing Institute promotes the role of women in manufacturing through the… Continue reading →

LSU AgCenter scientist finds solution to high sodium with ‘nanosalt;’ hopes to market his product

Photo provided by LSU AgCenter/Olivia McClure -- LSU AgCenter food scientist Marvin Moncada manipulates the nanospray drier he used to make nanosalt, salt particles about one-thousandth the size of kosher salt grains.

The key to creating a big, salty flavor with a fraction of the sodium is going small. Really small. LSU Agricultural Center food scientist Marvin Moncada took a less-is-more approach in developing nanosalt, a powder made with salt particles about one-thousandth the size of kosher salt granules. The powder coats more of a food’s… Continue reading →

Baton Rouge biopharma company wins patent for chemotherapy delivery system

Baton Rouge-based OncBioMune Pharmaceuticals Inc. has been granted a patent for its novel chemotherapy delivery system. The patent covers the clinical stage biopharma firm’s unique chemotherapy composition. OncBioMune said its transport technology does a better job of targeting tumor cells than commonly used therapies, which also can kill healthy cells and cause a range of complications including… Continue reading →

Bobby Tallo Realty acquires Pezant Real Estate

Berkshire Hathaway HomeServices Bobby Tallo Realty has acquired Pezant Real Estate for an undisclosed sum. The deal between the two Hammond-based firms will add 13 agents to Bobby Tallo Realty. The acquisition also expands the company’s footprint in Tangipahoa Parish. Bobby Tallo Realty has offices in Hammond and Denham Springs. The company’s service area covers southeast Louisiana.… Continue reading →

Lake adds Internal Medicine & Pediatric group

Our Lady of the Lake Physician Group has added Internal Medicine & Pediatric Group to its physician network and is now operating two clinic locations under the name Our Lady of the Lake Physician Group – Internal Medicine and Pediatrics. The clinics are at 6516 E. Myrtle Ave. in Baker and 11424 Sullivan Road in Central.… Continue reading →

Monroe developer buys site in The Greens at Millerville off Interstate 12

A Monroe developer has bought nearly an acre of land in The Greens at Millerville with plans to lease the property to a restaurant. 3B Millerville, represented by James Moore Jr., of Monroe, bought the land for $925,000 in a deal that was filed Friday with the East Baton Rouge Parish Clerk of Court’s Office. The seller… Continue reading →

Bayer makes $62 billion bid for Monsanto

Associated Press file photo -- Bayer's logo is visible at the Berlin Brandenburg Airport in Schoenefeld, Germany. The German drug and chemicals company has made a $62 billion offer to buy U.S.-based crops and seeds specialist Monsanto Co.

German drug and chemicals company Bayer AG has put a price tag of $62 billion on its offer to buy U.S.-based crops and seeds specialist Monsanto, which operates a plant in St. Charles Parish. The proposed combination would create a giant seed and farm chemical company with a strong presence in the U.S.,… Continue reading →

World's largest nitrogen fertilizer plant based in Louisiana cancels $6 billion deal with Netherlands company

Advocate staff file photo -- CF Industries, owner of the world’s largest nitrogen fertilizer plant located in Donaldsonville, has dropped plans to acquire the distribution networks of Netherlands-based OCI N.V.

CF Industries Holdings Inc., soon to have the world’s largest nitrogen fertilizer plant located in Donaldsonville, has dropped plans to acquire the distribution networks of Netherlands-based OCI N.V. in a $6 billion deal. The combination would have created one of the planet’s largest nitrogen fertilizer companies. CF Industries said an April announcement by the U.S.… Continue reading →

Speaker highlights importance of positive branding

Branding is more important than ever because the value of brands has increased, whether that’s on the balance sheets of businesses or in the trust accorded a nonprofit. That’s the message from Bill Burke, senior vice president of marketing with Nationwide Insurance and The Salvation Army’s national advisory board chairman. Most companies carry brand value as… Continue reading →

Louisiana nonfarm employment slips with decreases in 6 of 11 job sectors

Advocate staff file photo by LESLIE WESTBROOK -- Inland drilling rigs are stacked in the Port of Iberia in December. The state’s mining and logging industry, which includes the oil and gas sector, fell 18.2 percent, or 8,900 jobs, over the 12 months through April.

Louisiana’s nonfarm employment slipped 0.8 percent to 1,979,000 over the 12 months ending April 30, as oil’s downturn continued rippling through the economy. Employment fell in six of 11 of Louisiana’s business sectors. The numbers are preliminary estimates from the U.S. Bureau of Labor Statistics and are not adjusted to reflect seasonal changes.… Continue reading →

Arthur J. Gallagher buys McNeary

Arthur J. Gallagher & Co. has acquired McNeary Inc., a Charlotte, North Carolina-based real estate insurance broker with offices in Baton Rouge. Terms of the deal were not disclosed. McNeary also has a location in Marietta, Georgia. Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm with operations in… Continue reading →

American Sugar Cane League: 2016 crop shows good potential

The American Sugar Cane League says the 2016 cane crop shows good potential and could pass last year’s 1.4 million tons of raw sugar. Senior Agronomist Herman Waguespack said as the prime sugar cane growing season begins, farmers from central and south Louisiana report good spring stands of sugar cane despite the abnormally wet winter of 2015.… Continue reading →

Danos and Curole Marine Contractors laying off 80 workers in Morgan City

About 80 workers will be laid off in July at the Danos and Curole Marine Contractors’ fabrication division facility in Morgan City. The layoffs at the Amelia yard will occur between July 13 and July 27 because of “a significant downturn in business,” the Gray-based oil and gas services company said in a notification to the Louisiana… Continue reading →

Germany’s Bayer confirms takeover talks with U.S.’s Monsanto, which operates a plant in St. Charles Parish

Associated Press file photo -- Monsanto's is on display at the Farm Progress Show in Decatur, Ill. German drug and chemicals company Bayer AG confirmed Thursday it has entered talks about a possible purchase of the Monsanto Co.

Monsanto Co., which operates a plant in St. Charles Parish, is in talks about being acquired by German drug and chemicals company Bayer. The combination would create a giant seed and farm chemical company with a strong footprint in the U.S., Europe and Asia, combining two businesses with a complementary geographical focus. But Bayer might have… Continue reading →

BASF lab at LSU could lead to safe drinking water in undeveloped countries

LSU researchers will investigate the use of sunlight to create safe drinking water at the school’s BASF Sustainable Living Lab. BASF selected Kevin McPeak as the first researcher at the lab, created with a $1 million donation from the company. With the lab, BASF wanted to foster problem-based teaching and research focused on sustainable solutions.… Continue reading →

Stonehenge investments in Utah reach $16.7 million

Stonehenge Community Development, a subsidiary of Baton Rouge-based Stonehenge Capital Co., has invested $16.7 million in nine Utah businesses through the state and federal New Markets Tax Credit program. The credits are used to boost economic development in low-income communities. Stonehenge made the investments over its first year in Utah. The tax credits were invested in a… Continue reading →

More workers eligible for overtime

Associated Press file photo -- The fast-food, retail and hotel industries are among those expected to feel the effects of new federal overtime regulations that will make more than 4 million U.S. workers eligible for overtime pay.

New federal overtime regulations will make more than 4 million U.S. workers eligible for overtime pay, but the rules aren’t expected to result in widespread raises for “managers” in Louisiana. “A lot of people are going to look at different ways to skin the cat,” said Thomas R. Peak, a partner with Taylor, Porter, Brooks &… Continue reading →

Baton Rouge Health District takes step toward establishing diabetes, obesity center

The Baton Rouge Health District is asking consultants for proposals to create a business and implementation plan for a diabetes and obesity center. Establishing a diabetes and obesity center was one of the top priorities identified in planning for the district, which is in the Bluebonnet Boulevard, Essen Lane, Perkins Road corridor. “As I talked… Continue reading →

SCT&E signs deal to sell LNG to Chinese importer

The JOVO Group, a privately owned Chinese importer, has signed a long-term, multibillion-dollar agreement to buy liquefied natural gas from the planned SCT&E export terminal in Cameron Parish. The deal is the first of its kind between a domestic LNG developer and a private Chinese LNG terminal owner, according to Houston-based SCT&E. JOVO, which owns an import… Continue reading →

Italian eatery, steakhouse among 11 new restaurants coming to Baton Rouge area, Lafayette

Advocate staff photo by BRYAN TUCK -- The Main Street area of the River Ranch development features mixed use buildings that feature businesses on the bottom floor and apartments above them in Lafayette.

Lafayette-based Double R Restaurant Group plans to open 11 new restaurants across Louisiana over the next two years, including a high-end steakhouse in the River Ranch traditional neighborhood development and wine bars in Gonzales and Central. Many of the restaurants Double R plans to open by 2018 are located in traditional neighborhood developments being done by Southern… Continue reading →

Range Resources acquires north Louisiana oil-and-gas assets for $3.3 billion in stock

Range Resources Corp. will acquire Memorial Resource Development Corp., a Houston-based oil and gas firm whose properties are in north Louisiana, for $3.3 billion in stock. Range Resource is a natural gas producer based in Fort Worth, Texas. Under the deal announced Monday, Range will also take on $1.1 billion of Memorial Resource’s debt. The acquisition… Continue reading →

Tech Park Academy offers affordable sales training to entrepreneurs

“Nothing happens until somebody sells something.” It’s a business truism for startups and well-established firms, for low- and high-tech companies. And it’s the reason the Louisiana Technology Park is holding a series of sales training events known as Tech Park Academy. “We’re all about helping companies grow so when we looked at what are… Continue reading →

Business Honors for May 15, 2016

Joseph Ricapito, LSU

Joseph Ricapito, emeritus professor in foreign language and literature at LSU, has been inducted into The North American Academy of the Spanish Languages. The nonprofit corporation promotes the proper use of the Spanish language in the United States. Ricapito also has been honored with Knight of the Order of Merit… Continue reading →

Baton Rouge, New Orleans, Lafayette area People in Business for May 15, 2016

Sherri LeBas Firnberg, G.E.C. Inc.

Sherri LeBas Firnberg has been named vice president of business development at G.E.C. Inc., a national engineering firm specializing in transportation, environmental, planning, coastal and infrastructure development for public- and private-sector organizations. Firnberg was secretary of the Louisiana Department of Transportation and Development, with more than 24 years in the department… Continue reading →

Baton Rouge, New Orleans, Lafayette Business Briefs for May 15, 2016

Louisiana Economic Development and the U.S. Small Business Administration have presented 2016 Louisiana Small Business Awards honoring small-business leaders who exemplify the entrepreneurial spirit of the state. Winners were honored in a private reception at the Governor’s Mansion. “Small businesses make big contributions to Louisiana’s… Continue reading →

Initial unemployment claims in Louisiana rise

First-time claims for unemployment insurance in Louisiana for the week ending May 7 increased to 2,825 from the previous week’s total of 2,563. The state labor department figures said initial claims for the comparable week a year earlier 2,838. The four-week moving average, which is a less volatile measure of claims, decreased to 2,716 from the… Continue reading →

Globalstar Wi-Fi service step closer to happening

Globalstar’s plans to set up a terrestrial low-power Wi-Fi network took a step closer to being a reality Friday. The Federal Communications Commission told the Covington-based satellite phone company that an order for the service has been circulated. The next step is for the full commission to take action on the order. L. Barbee Ponder,… Continue reading →

Richards Honda acquires Millerville site

Richards Honda has purchased 8.6 acres in The Greens at Millerville, a mixed-use development under construction off Millerville Road at Interstate 12. Jarich LLC, a corporation set up by Kent Richards, Pamela Richards and Polly Richards Lemoine, paid $2.85 million for the site in a deal that was filed Friday with the East Baton Rouge Clerk… Continue reading →

U.S. rig count drops 9; Louisiana decreases 3

The number of rigs exploring for oil and natural gas in the U.S. dropped by nine this week to 406, another all-time low amid depressed energy prices. A year ago, 888 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 328 rigs sought oil and 86 explored for natural… Continue reading →