Vishal,
To my knowledge, LabVIEW doesn't support USB instruments perse. However; I would suggest that you go ahead and plug the instrument in, and start up MAX (or have it scan for instruments) to see if the instruments shows up.
As for the serial instrument, not a problem, I think. I used a USB-GPIB converter to control GPIB instruments from a laptop before nearly flawlessly (nearly!). All you have to do for your situation is determine what port the serial instrument is. Again, plug the instrument in through your serial/GPIB convertor (or better yet, use the native serial port) and scan for the instrument. You should get an instrument location that you can plug into VISA to talk to it from LabVIEW.
Good luck.