Business news 13 Feb, 2021

Roaring Kitty to testify on GameStop alongside hedge fund managers - Fox Business

The virtual hearing will take place Thursday Feb. 18

Some Europeans get choosy about which vaccines they want - Associated Press

WARSAW, Poland (AP) — Many Europeans are desperate for a coronavirus vaccine. But not just any vaccine. As AstraZeneca shots are rolling out to European Union nations this month, joining the...

'It's been a long time coming': Sacramento County teachers to get vaccines starting Feb. 16 - KCRA Sacramento

On Friday, Sacramento County public health officials announced educators can start getting vaccinated for COVID-19 on Feb. 16.

EDD had fraud detection in 2016, then turned it off - KCRA Sacramento

The technology likely would have prevented most of the $10 billion in fraud

Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico – News Bitcoin News - Bitcoin News

The e-commerce giant Amazon is preparing to explore the crypto business, as a recent job listing suggests.

2 Top Growth Stocks With Businesses Anyone Can Understand - Motley Fool

You don't have to invest in complex things to make money.

Facebook Meets Apple in Clash of the Tech Titans—‘We Need to Inflict Pain’ - The Wall Street Journal

Animosity between CEOs Mark Zuckerberg and Tim Cook erupts over privacy and dueling visions of internet

North Hollywood man, 90, shames AT&T into upgrading his internet by taking out newspaper ads - KABC-TV

A 90-year-old North Hollywood man was so irked by slow internet at his home, that he took out two newspaper ads to shame the CEO of AT&T into fixing it.

FDA Agrees Moderna Can Increase Vaccine Supply in Each Vial - The New York Times

Federal regulators are in favor of a simple, potentially quick fix to bolster coronavirus vaccine supplies: more doses per bottle.

'Failures' at Citigroup cited in CEO pay cut as he heads for the exit - Fox Business

Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat's compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing.

Bitcoin by the beach: Miami eyes paying workers and collecting taxes in cryptocurrency - Fox Business

Miami Mayor Francis Suarez praised the city's governing commission for passing a resolution Thursday that will study the feasibility of paying employees in bitcoin, as well as allowing residents to pay fees and taxes in bitcoin.

General Motors settles with California for $5.75M in a win for state pension fund - Fox Business

General Motors Co. has agreed to a $5.75 million settlement with California regarding false statements the company made to investors about problems with its deadly ignition switches, state officials announced Friday.

Kemp calls for Biden to overturn ruling threatening SK battery plant - Atlanta Journal Constitution

Gov. Brian Kemp called Friday on President Joe Biden to overturn a patent dispute ruling that jeopardizes the future of a $2.6 billion vehicle battery plant being built in Georgia.

Biden Rules Out Covid Test Mandate for Domestic Flights, for Now - Bloomberg

Shell Says Its Past Peak Oil Production - Jalopnik

Royal Dutch Shell, one of the supermajor oil companies, said this week that it could confirm it had reached peak oil production in 2019. As in, it thinks it will never produce that much oil ever again.

neighbors report back-and-forth over outage reporting - KXAN.com

Saundra Roark said when she opened the Austin Energy Outage Map for details, the map didn’t register their street as being part of any outage. So, they began reporting it to the power company.

CDC issues warning about cheeses such as queso fresco due to listeria - CNN

The Centers for Disease Control and Prevention is investigating a multi-state listeria outbreak linked to fresh and soft cheeses such as queso fresco, queso blanco and queso panela.

Dexcom's Super Bowl ad with Nick Jonas sparked record interest in its glucose monitor, CEO says - CNBC

"We had five times more media impressions in one day than we had all last year," Dexcom President and CEO Kevin Sayer told CNBC.

S. Prestley Blake, a founder of Friendly’s ice cream chain, dies at 106 - The Washington Post

He and his younger brother opened the first Friendly ice cream parlor in 1935, parlaying the profits from five-cent double-dip cones into a sprawling empire of eateries.

Spotify's Employees Can Now Work Wherever They'd Like—No Office Required - Gizmodo

Spotify joins the list of tech companies making post-pandemic remote work an option for employees.

4 things to know about the Arctic cold and snow in Colorado this weekend - FOX 31 Denver

Arctic air has arrived in Colorado, bringing bitter cold temperatures and snow.

NYC public transit will now feature PSAs from Whoopi Goldbeberg and Jerry Seinfeld - The Verge

The New York City MTA and Instagram star Nicolas Heller have teamed up to produce celebrity-voiced PSAs for public transit, featuring famous New Yorkers like Jerry Seinfeld and Fran Lebowitz.

Best Buy Presidents Day Sale Is Live Now - GameSpot

Best Buy's Presidents Day sale is in full swing, offering nice markdowns on 4K TVs, laptops, games, and more.

Best face masks to wear: Doctors share their favorite masks - NBC News

Shop the best masks to wear for comfort and breathability, according to doctors. Healthcare professionals share their favorite face masks to wear while off-duty.

FuelCell Energy Inc. stock outperforms market on strong trading day - MarketWatch

Shares of FuelCell Energy Inc. rose 1.71% to $26.20 Friday, on what proved to be an all-around favorable trading session for the stock market, with the...

COVID-19 In Allegheny County: Health Department To Vaccine People 65 Years And Older At Castle Shannon Clinic - CBS Pittsburgh

The Allegheny County Health Department will open a coronavirus vaccine clinic in Castle Shannon next week.

Why this bitcoin-owning senator wants Elon Musk to move to Wyoming - Yahoo Finance

Sen. Cynthia Lummis (R., Wyo.) says she doesn't want the federal government to "mess up" cryptocurrency regulation.

Dow Jones Rallies 310 Points For The Week, Powered By Goldman Sachs; Marijuana Stocks Fade After Early Pop, Peloton Shows Bullish Action - Investor's Business Daily

The Dow Jones barely budged for the fourth straight session Friday. But it's holding near highs along with the Nasdaq and S&P 500.

VIX Settles Below 20 for First Time Since Pandemic Rout Hit - Bloomberg

Vaccine shortage closes Petco superstation as another clinic opens at Del Mar fairgrounds - The San Diego Union-Tribune

State sets new guidelines for people 16-64 with certain medical conditions

Warren Buffett’s Favorite Valuation Metric Is Ringing an Alarm - Yahoo Finance

(Bloomberg) -- With U.S. equity indexes rising to fresh records again this week, one of Warren Buffett’s most-famous catchphrases comes to mind: Investors...

Here are the CVS locations in SoCal that are now offering COVID-19 vaccines - KABC-TV

One-hundred of the company's pharmacies, including several locations across Southern California, will start administering approximately 81,900 doses starting on Friday, Feb. 12.

How Car Makers Collided With a Global Chip Shortage - The Wall Street Journal

Auto demand rebounded from a coronavirus slowdown for Ford, GM, VW and others, but the industry misjudged supply lines of semiconductors that control engines, airbags, touchscreens

Elon Musk, Joe Rogan sit down for interview and talk about - KXAN.com

Billionaire Elon Musk opened up to Joe Rogan in an interview about what he likes about Austin and why Tesla chose to build a Gigafactory there.

The city says it’s sticking with its tiered system of COVID restrictions for now - Hawaii News Now

Under Tier 2, bars will remain closed, groups at restaurants and commercial attractions are limited to five and organized youth sports still isn’t allowed.

Spot Natural Gas Prices Surge to $600 as Deep Freeze Cuts Production, Fuels Record Demand - Natural Gas Intelligence

Spot gas prices in the Midcontinent, often the cheapest in the Lower 48, surged to as high as $600.00/MMBtu on

Pa. Dept. of Labor & Industry provides update on PUA, PEUC program issues, fixes - WGAL Susquehanna Valley Pa.

WGAL News 8

COVID-19 cases, deaths on downward trend; vaccinations set new record - WSAW

At this pace, Wisconsin could reach 1 million "shots in the arm" of COVID-19 vaccine early next week.

Disneyland’s annual passholders accounted for half of attendance, analysts say - OCRegister

With an estimated 1 million passholders, there would have been an impossibly long virtual queue of die-hard fans waiting anxiously to snag an online advance reservation for Disneyland’s reopening d…

Must administer 80% of COVID-19 vaccine within 7 days, acting Pa. Secretary of Health says - WPXI Pittsburgh

The Pennsylvania Department of Health issued an order Friday directing vaccine providers’ administration of COVID-19 vaccines to ensure that Pennsylvanians are vaccinated as quickly and efficiently as possible.

Investors eye shares of hotels, cruise lines as U.S. vaccinations pick up - Reuters

Investors are watching next week's earnings reports from hotels, cruise lines and other businesses that have been hard hit by COVID-19 for indications of which companies could be the first to bounce back when the pandemic recedes.

Buffets, salad bars get the green light to reopen across Ohio - WLWT Cincinnati

Ohio's buffets and salad bars have been given the green light to reopen amid the coronavirus pandemic.

Coupang files for mega US IPO - TechCrunch

Coupang's offering, coming amidst the public debut of a number of well-known technology brands, will be a massive affair.

Alphabet, Microsoft, Qualcomm protest Nvidia's Arm acquisition: Bloomberg News - Reuters

The U.S. Federal Trade Commission has opened an in-depth probe into Nvidia Corp's agreement to acquire Arm Ltd, Bloomberg reported on Friday, citing a source.

KPMG's UK boss resigns after telling staff not to 'sit there and moan' about the pandemic - CNN

The UK chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about the pandemic and said that there was "no such thing as unconscious bias."

'Black Swan' Author Calls Bitcoin a Failure, at Least for Now - Bloomberg

5 things to know about billionaire Bumble CEO Whitney Wolfe Herd - MarketWatch

Bumble went public on Wednesday, and the stock soared 64% in its Nasdaq debut Thursday

Alabama doesn’t have enough vaccine to keep drive-in clinics running - AL.com

Mass vaccination sites in Alabama gave more than 70,000 shots already this week, but state health officials say the clinics don't have enough vaccine to keep going at that rate.

Brexit Nightmares: 53 Tons of Rotting Pork and More - The New York Times

With Britain out of the European Union, companies that trade with the continent are contending with expensive disruptions to their businesses and a plunge in exports.

Tesla, Inc. -- Moody's announces completion of a periodic review of ratings of Tesla, Inc. - Yahoo Finance

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Tesla, Inc.Global Credit Research - 12 Feb 2021New York...

Cuomo Moves Indoor Dining Curfew to 11 PM; NYC Warns ‘Proceed With Caution' on Reopening - NBC New York

Indoor dining resumes Friday in New York City, nearly two months since Gov. Andrew Cuomo shut it down entirely for the second time in a year as COVID-19 cases…

What the DOJ probe and Congressional hearings mean for Reddit traders - Yahoo Finance

Yahoo Finance's Jared Blikre breaks down what the DOJ probe and Congressional hearings mean for Reddit traders.

Main Street business failure fears rise again in pandemic whipsaw - CNBC

Small business confidence is down amid the pandemic whipsaw of closures and reopenings, according to the latest CNBC|SurveyMonkey Small Business Survey.

What you need to know before making a vaccine appointment at your pharmacy - WCVB Boston

Shipments of COVID-19 vaccines are heading to pharmacies this week under a federal program that aims to get more people vaccinated quickly.

Pot Stocks Are in the Spotlight. How to Tell Them Apart. - Barron's

With positive U.S. political developments, marijuana stocks are seeing renewed interest. Here are some of the biggest stocks, and analysts' forecasts.

Oil Rally Stalls On Fragile Demand Recovery - OilPrice.com

Oil prices slipped on Friday morning for a second day in a row as major forecasters warned that the global demand recovery is still fragile and as the U.S. dollar strengthened

Coherent Confirms Receipt Of Unsolicited Proposal From II-VI Incorporated - Yahoo Finance

Coherent, Inc. (NASDAQ: COHR) ("Coherent") today announced that it has received an unsolicited acquisition proposal from II–VI Incorporated (NASDAQ: IIVI) ("...

Jacinda Ardern Is Not Your Friend - Jacobin magazine

Liberal pundits have found a new icon in New Zealand’s center-left leader, Jacinda Ardern. Ardern may be personable and engaging, but just like Barack Obama and Justin Trudeau, her government isn’t meeting the urgent needs of working people.

Microsoft (MSFT) Believes Tech Giants Should Pay for News - Investopedia

Microsoft (MSFT) believes that tech giants should pay for copying content from news sites and supports laws that would enforce this.

Bitcoin, Bumble, Copper, and Weed: Investments in the Spotlight - Bloomberg

SunPower Corp (SPWR) to Post Q4 Earnings: What's in Store? - Yahoo Finance

SunPower's (SPWR) Q4 results are expected to reflect solid residential business volumes along with strong gross margin performance.

Amazon sues NY AG Letitia James to stave off potential COVID-19 lawsuit - New York Post

Amazon sued New York Attorney General Letitia James on Friday to stave off potential legal action over its COVID-19 safety protocols and firing of an employee who staged a walkout last spring. The …

What to know about privacy before you accept a Clubhouse invite - Vox.com

Clubhouse has millions of users, millions of dollars, and very few privacy options.

Bombardier to end Learjet production, cut 1600 jobs - Fox Business

The iconic jet was among the first private luxury planes. William Lear based his design in part on military jets. The first Learjet flew in 1963, and more than 3,000 had been built since.

The Pfizer vaccine could be effective against the 2 most dangerous COVID-19 variants, according to new data - Business Insider

Receiving two shots of the Pfizer vaccine triggers a strong immune response against the South Africa and UK variants of COVID-19, new research shows.

Could the U.S. Buying More COVID Vaccines Hurt Johnson & Johnson and Novavax? - Motley Fool

All American adults could potentially be fully vaccinated this year with only Pfizer's and Moderna's vaccines.

Seniors become hot vaccine commodity in Massachusetts - Boing Boing

On Wednesday, Massachusetts Governor Charlie Baker announced that younger people who accompany seniors 75 and over to get the Covid vaccine can get vaccinated as well. By allowing companions to als…

Delta Air Lines B717 Skids Off Taxiway in Pittsburgh - SamChui.com - Sam Chui

Yesterday a Delta Airlines Boeing 717 skidded off the taxiway at Pittsburgh International Airport prior to take off.

County Moves to Expand COVID-19 Vaccinations To Eligible Essential Workers | All of California in one County - San Mateo County

These states are still suffering from high unemployment - Yahoo Finance

Pennsylvania is now leading the U.S. with the worst insured unemployment rate.