Business news 13 Feb, 2021
Roaring Kitty to testify on GameStop alongside hedge fund managers - Fox BusinessFox Business
The virtual hearing will take place Thursday Feb. 18
Some Europeans get choosy about which vaccines they want - Associated PressAssociated 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 SacramentoKCRA 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 SacramentoKCRA 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 NewsBitcoin.com
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 FoolMotley 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 JournalThe 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-TVKABC-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 TimesNew 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 BusinessFox 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 BusinessFox 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 BusinessFox 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 ConstitutionAtlanta 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.
Shell Says Its Past Peak Oil Production - JalopnikJalopnik
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.comKXAN.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 - CNNCNN
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 - CNBCCNBC
"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 PostThe 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 - GizmodoGizmodo.com
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 DenverFOX 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 VergeThe 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 - GameSpotGameSpot
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 NewsNBC 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 - MarketWatchMarketWatch
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 PittsburghCbslocal.com
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 FinanceYahoo Entertainment
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 DailyInvestor'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.
Vaccine shortage closes Petco superstation as another clinic opens at Del Mar fairgrounds - The San Diego Union-TribuneThe 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 FinanceYahoo Entertainment
(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-TVKABC-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 JournalThe 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.comKXAN.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 NowHawaii 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 IntelligenceNatural 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 Susquehanna Valley Pa.
WGAL News 8
COVID-19 cases, deaths on downward trend; vaccinations set new record - WSAWWSAW
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 - OCRegisterOCRegister
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 PittsburghWPXI 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 - ReutersReuters
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 CincinnatiWLWT 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 - TechCrunchTechCrunch
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 - ReutersReuters
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 - CNNCNN
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."
5 things to know about billionaire Bumble CEO Whitney Wolfe Herd - MarketWatchMarketWatch
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.comAL.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 TimesNew 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 FinanceYahoo Entertainment
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 YorkNBC 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 FinanceYahoo Entertainment
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 - CNBCCNBC
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 BostonWCVB 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'sBarron'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.comOilPrice.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 FinanceYahoo Entertainment
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 magazineJacobin 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 - InvestopediaInvestopedia
Microsoft (MSFT) believes that tech giants should pay for copying content from news sites and supports laws that would enforce this.
SunPower Corp (SPWR) to Post Q4 Earnings: What's in Store? - Yahoo FinanceYahoo Entertainment
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 PostNew 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.comVox
Clubhouse has millions of users, millions of dollars, and very few privacy options.
Bombardier to end Learjet production, cut 1600 jobs - Fox BusinessFox 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 InsiderBusiness 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 FoolMotley 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 BoingBoing 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 ChuiSam Chui
Yesterday a Delta Airlines Boeing 717 skidded off the taxiway at Pittsburgh International Airport prior to take off.