Week in Review, Dec. 13: Carpe Eat’m

NEW ORLEANS – From grass-eating carp in Baton Rouge to a suspected cyber attack in New Orleans, here are the area’s most notable business stories for the week of Dec. 9-13, 2019:

Monday, Dec. 9

The National Aeronautics and Space Administration invited media and social media users to see the “most powerful rocket in the world” at its Michoud Assembly Facility in New Orleans. Workers are nearly finished building the “Space Launch System” featuring four RS25 engines that will fly on the Artemis I mission scheduled for 2020 and possibly lay the foundation for human deep-space exploration.

Tuesday, Dec. 10

The outside accreditation agency for Loyola University New Orleans said that the school’s year of financial probation has been lifted. The announcement from the Southern Association of Colleges and Schools Commission on Colleges is great news for the 115-year-old Jesuit University, which has had three years of enrollment growth after several years of lower-than-expected numbers. Loyola ended its last fiscal year with a budget surplus.

The nonprofit Ocean Conservancy released a report that said federal agencies have approved nearly $226 million for 18 projects to restore open ocean and marine habitats that were decimated in the Gulf of Mexico by the 2010 BP oil spill. The projects range from $52.6 million to study deep-sea habitats to $290,000 to find ways to keep sea turtles from swallowing or getting snagged on hooks or tangled in lines set out for miles along reefs.

Wednesday, Dec. 11

Liberty Bank and Trust Company and Louisville Development Bancorp Inc. announced their agreement that Louisville Development Bancorp will be acquired by Liberty Bank and Trust Company in a share exchange transaction.

Thursday, Dec. 12

The Saenger Theatre opened its doors once again after a two-month closure caused by the partial collapse of the under-construction Hard Rock Hotel across the street. The first show back in the Saenger was the Nov. 11 performance by magician Chriss Angel. The real magic tricks, however, may be taking place outside the theater, where staff and police will be guiding patrons in and out of the building without the use of Rampart Street.

More than 500 grass-eating carp were released into a Louisiana lake on Thursday to help gobble up vegetation taking over the water, Baton Rouge parks and recreation officials said.

News broke today that a 147-year-old labeling factory in suburban New Orleans is scheduled to close in February, meaning the loss of 101 jobs The Walle Corp., which began life as a lithography firm in New Orleans in 1872, will shutter its labeling factory in Harahan in February. ..

Friday, Dec. 12

The city’s computer systems were under threat from malicious software on Friday afternoon according to communications from City Hall and press reports. In an internal text message, the New Orleans Office of Homeland Security and Emergency Preparedness said “the City of New Orleans is under a cyber attack. Please power off your computers and unplug them immediately. Await further instructions,”

Categories: A Week In Review, Today’s Business News

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