Business news 13 Mar, 2021
Passenger's boozing, mask refusal, bad behavior on flight could cost him $14,500 - NBC NewsNBC News
The FAA is proposing a $14,500 fine for a plane passenger who refused to wear a mask, kept drinking alcohol he'd brought on board, and behaved in a way that prompted the plane to be turned around.
Breweries, wineries, distilleries can reopen this weekend without serving food - KCRA SacramentoKCRA Sacramento
For the first time in more than eight months, breweries, wineries and distilleries in California will no longer have to serve food to be open for customers.
Hawaiian Police Chief's Racism Exposed After Investigation Over Discrimination - Yahoo NewsYahoo Entertainment
The police chief in the Hawaiian island of Kaua'i has a history of racist and discriminatory acts, a recent discrimination investigation has revealed. The...
Dow Jones Futures: Stock Market Rally Taking Flight, VW Powers Up Vs. Tesla; NXP Semi, Penn National Join S&P 500 - Investor's Business DailyInvestor's Business Daily
Dow Jones futures: The stock market rally keeps expanding, though the Nasdaq still needs work. Volkswagen Power Day is on tap as VW revs up vs. Tesla.
A hacker who exposed Verkada’s surveillance camera snafu has been raided - The VergeThe Verge
Tillie Kottmann, a 21-year-old hacker, has been raided by Swiss authorities and their devices seized, Bloomberg reports — days after helping to reveal how Silicon Valley security startup Verkada’s own security was so poor that that hackers were able to access…
AT&T, T-Mobile, and Verizon Have Big Plans. Only One Is a True Growth Stock. - Barron'sBarron's
In back-to-back-to-back investor days from Verizon Communications, T-Mobile US, and AT&T, management teams laid out their plans for newly acquired wireless spectrum licenses and hyped up their strategies for the 5G era.
Ford nominates two great-great-grandchildren of company's founder to its board of directors - Fox BusinessThe Wall Street Journal
The Ford Motor Company has nominated a pair of fifth-generation descendants of founder Henry Ford to its board, deepening the family’s involvement in the auto maker’s corporate governance.
Lordstown Motors accused of faking EV truck pre-orders by short-seller firm Hindenburg Research - TechCrunchTechCrunch
Hindenburg Research, the short-seller firm whose report on Nikola Motor led to an SEC investigation and the resignation of its founder, is targeting another electric vehicle company. This time it’s Lordstown Motors, the Ohio electric automaker that went publi…
Four people in Michigan are splitting the $1.05 billion Mega Millions lottery prize - CNNCNN
Four lucky people split the third-largest lottery prize in US history and the largest lottery prize ever in the state of Michigan, officials said Friday.
Pizza deals for Pi Day: Save Sunday plus earn free pizza with Domino's, Pizza Hut rewards programs - USA TODAYUSA Today
When is Pi Day 2021? It's March 14 and a day to find $3.14 pizza deals at 7-Eleven, Blaze Pizza and more. Plus earn free pizza with rewards programs.
Amazon CEO Jeff Bezos snubs Bernie Sanders' invite to hearing on income inequality - Fox BusinessFox Business
Amazon CEO Jeff Bezos declined a request from Sen. Bernie Sanders, I-VT, on Friday that he testify at an upcoming Senate Budget Committee Hearing on income inequality.
Exchange servers first compromised by Chinese hackers hit with ransomware - Ars TechnicaArs Technica
As if Exchange users didn't already have enough to worry about, they have this.
Utah mom dies four days after 2nd dose of Moderna COVID-19 vaccine - KRON4KRON4
“She was absolutely fine with getting it. In fact, she told all of us, ‘It’s fine, you guys should all get it,’” her father, Alfred Hawley, told the outlet.
Elon Musk, Tesla board sued in lawsuit alleging ‘erratic’ tweets violate fiduciary duty - TechCrunchTechCrunch
Tesla CEO Elon Musk’s tweets are the subject of another lawsuit. A Tesla investor is suing the company board and Musk for continuing to send “erratic tweets” that violate a settlement with the U.S. Securities and Exchange Commission that requires oversight of…
Theranos: Elizabeth Holmes' pregnancy expected to delay her trial - The GuardianThe Guardian
Holmes is on trial for allegedly defrauding investors, doctors and patients while at the helm of blood-testing startup
One dose of COVID-19 vaccine: Here's how much protection you get - Business InsiderBusiness Insider
One dose of the Pfizer-BioNTech or Moderna vaccine appears at least 80% effective against symptomatic COVID-19 for at least 21 days.
Professor: Tens of thousands of vulnerable workers died, now OSHA’s “sound regulations” will save lives in pandemic - Hot AirHot Air
Regulations are “ethically essential.”
The $69 Million Beeple NFT Was Bought With Cryptocurrency - The New York TimesNew York Times
“It feel like I got a steal,” the buyer, who calls himself Metakovan, said in an interview about the “nonfungible token,” or NFT, he bought at an online auction.
Coupang Is the Amazon.com of South Korea, but Maybe Even Better. - Barron'sBarron's
Its IPO had a spectacular debt on the U.S. market, and the stock is not cheap
Netflix's Password-Sharing Crackdown Has a Silver Lining - WIREDWired
The streaming service is making account owners enter two-factor codes in a limited test. That's … actually not so bad.
Sundial Growers Inc. (SNDL) Flat As Market Gains: What You Should Know - Yahoo FinanceYahoo Entertainment
Sundial Growers Inc. (SNDL) closed at $1.42 in the latest trading session, marking no change from the prior day.
Johnson County expanding COVID-19 vaccinations to high-contact critical workers - KMBC Kansas CityKMBC Kansas City
Health officials are reaching out to eligible people who have signed up through the vaccine interest survey
Buterin helping to strategize against Ethereum 51% attack possibility - CointelegraphCointelegraph
Ethereum developers are working on a plan to defend the network from a possible attack.
More of SF Eligible for Vaccine Monday: People With Health Issues, in Homeless Shelters, Incarcerated - SFistSFist
People with a whole range of medical conditions will be eligible for their vaccine shot effective Monday, March 15, as will anyone in a congregate care facility like a homeless shelter or jail.
Birx joins air purifying company selling Covid tech - POLITICOPolitico
The former coronavirus coordinator's new firm is seeking FDA clearance to market its tech as a coronavirus fighter.
Why AT&T Stock Rose Today - Motley FoolMotley Fool
The telecom titan said investors can rely on its 7% dividend yield.
MSC Lirica Fire Put Out, Minimal Damage - Cruise Industry NewsCruise Industry News
The fire aboard the MSC Lirica which started in a lifeboat was fully extinguished by Friday evening, with no injuries to the 51 crew aboard the ship, accor...
'Every bit helps, but I know I can't rely on it': Americans react to new unemployment benefits a year into the pandemic - CNBCCNBC
Tens of millions of Americans and their families are waiting for the latest enhanced unemployment benefits to show up in their bank accounts.
Google slams Microsoft for backing pay-for-news bill - Financial TimesFinancial Times
Tech giants clash over US legislation that would force platforms to pay for media content
Lawrence hospital says nearly 600 doses of Johnson & Johnson vaccine wasted will be replaced by KDHE - KMBC Kansas CityKMBC Kansas City
The loss happened during the transfer between the health department and hospital
March 12 data: 2 new COVID-19 deaths, 30K vaccine doses administered - KUTV 2NewsKUTV 2News
Two more people have died from the novel coronavirus in Utah as officials are racing to get vaccine doses in arms. An additional 30,300 doses were administered since Thursday, bringing the total vaccination number to 967,481. Vaccines continue in the state …
Florida's COVID paradox: Cases PLUNGE despite prevalence of the UK variant - Daily MailDaily Mail
Florida now leads the nation in confirmed cases of the B117 variant, which now account for an estimated half of all new cases there, but has seen a 75 percent decline in total cases since January.
GLOBAL MARKETS-Stocks dip as rotation continues; yields, dollar rise - Reuters CanadaReuters
* Crude slips after two strong weekly gains (Updates prices, comments)
Workhorse stock paring some losses after lawmaker demands USPS turn over vehicle contract - Seeking AlphaSeeking Alpha
Workhorse (WKHS) shares pared some of its earlier declines, nowdown 3.7%,after the chairwoman of the House Oversight and Reform Committee demanded the U.S
In Nevada, Unemployed Workers Wait for Aid That Will Still Not Be Enough - Yahoo NewsNew York Times
LAS VEGAS — Bobby Hernandez plans to spend his stimulus check on medication to manage his diabetes. Wilma Estrella will use hers to pay the electricity bill....
Jeep Wagoneer Mules Are Still Running Around Dressed as Ram Pickups [Updated] - The DriveThe Drive
These testers were originally spotted a year ago alongside a Ram TRX prototype.
'Hangry' customer helps police stop alleged suspect running through a Chick-fil-A drive-thru - CNNCNN
A quick-thinking customer at a Chick-fil-A drive-thru used the door of his truck to help police catch a fleeing suspect.
'No peace' for markets until 10-year Treasury yield hits 2%, strategist says - MarketWatchMarketWatch
Futile to fight rising U.S. dollar while yields remain on rise: Soc Gen’s Juckes
COVID antibody treatments show promise for preventing severe disease - Nature.comNature.com
But uptake by patients and physicians has been low in the United States, where some therapies have been authorized for months.
China's Regulators Punished Tech Giants. What Could Come Next. - Barron'sBarron's
The year could bring more regulatory and antitrust developments as China hashes out its approach to the digital economy.
AT&T's 5G network will be getting a boost later this year - CNETCNET
5G improvements are coming, though AT&T's deployment won't be as quick as some of its rivals.
Fully vaccinated Oahu healthcare worker tests positive for COVID-19 - Honolulu Star-AdvertiserHonolulu Star-Advertiser
A fully vaccinated Oahu health care worker contracted COVID-19 after a recent trip to the mainland but has no symptoms.
Oxford-AstraZeneca vaccine delays over blood clot fears raise new doubts over Europe's rollout - NBC NewsNBC News
The decision by some European countries to halt the rollout of the Oxford-AstraZeneca vaccine has been questioned by some experts and regulators.
Investment 777 Partners Buys 2 Dozen Boeing 737 MAX 8 Airplanes - BenzingaBenzinga
Boeing Company (NYSE:BA)
Amazon halts sales of books that treat LGBTQ identities as mental illness, report says - CNETCNET
The company responds to Republican senators who asked why the e-commerce giant removed a 2018 book.
Virginia Kroger accidentally administers empty syringes to customers scheduled for COVID-19 vaccines - TheBlazeTheBlaze
CPS Energy sues ERCOT to keep from passing $1 billion in storm costs to customers - WOAIWOAI
SAN ANTONIO – CPS Energy has filed a lawsuit against the Electric Reliability Council of Texas (ERCOT), the utility announced on Friday. Caption: CPS Energy sues ERCOT to protect customers from 'illegal prices' (SBG San Antonio) During a Friday press co…
Ulta CEO Mary Dillon is stepping down - CNNCNN
Ulta Beauty CEO Mary Dillon, one of only a few dozen female chief executives of Fortune 500 companies, is stepping down after an eight-year run heading the company.
President Biden’s Refusal to Eliminate Student Debt Is Out of Touch With Black Voters Who Helped Get Him Elected - Yahoo LifestyleYahoo Entertainment
Last month, President Biden declared that he would not support student debt forgiveness and took a huge step backwards in fulfilling the pledges he made to...
2 million more Alabamians to be eligible for COVID-19 vaccination - WSFAWSFA
About two-thirds of Alabama's residents are about to qualify for COVID-19 vaccinations.
China's Wanda Gives Up AMC Theatres Majority Stake - Hollywood ReporterHollywood Reporter
The Chinese conglomerate had a 9.8 percent stake in the exhibition giant as of March 3.
Novavax Stock Rockets As Phase 3 Test Shows Its Covid Vaccine Is 96.4% Effective - Investor's Business DailyInvestor's Business Daily
A biotech company said Thursday its Covid vaccine was 96.4% effective in final-phase testing. On Friday, shares roared higher.
Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High - Yahoo FinanceYahoo Entertainment
This latest purchase brings the firm's total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
Today's mortgage rates keep sinking | March 12, 2021 - Fox BusinessFox Business
Check out the mortgage rates for March 12, 2021, which are trending down from yesterday.
Bipartisan lawmakers unveil plan to extend Paycheck Protection Program as deadline looms - Fox BusinessFox Business
A bipartisan group of lawmakers unveiled a plan this week to extend the Paycheck Protection Program for two months amid concerns that the March 31 expiration of the small-business rescue fund could leave struggling employers without a key economic lifeline.
Japanese tech giant Rakuten to raise $2.2 billion by issuing new shares to Walmart, Tencent and Japan Post - CNBCCNBC
Japanese tech giant Rakuten is planning to raise $2.2 billion from a host of big names to help it compete with its U.S. rivals.
COVID cases continue to fall in Florida despite variants, hinting that America could avoid a '4th wave' - Yahoo NewsYahoo Entertainment
The good news from Florida is an encouraging sign for the rest of us. It doesn’t mean America is out of the woods. But it does suggest we could emerge sooner...
Stimulus checks: Who is getting a stimulus check and when can you expect it? - Yahoo FinanceGoogle News
Nearly 600 Johnson & Johnson COVID-19 vaccines thrown out in Douglas County - KSHBKSHB
Transfer error forced officials to discard doses
Florida’s COVID variants soar as spring breakers arrive - Orlando SentinelOrlando Sentinel
As travelers flock to the Sunshine State for spring break, Florida is reporting a soaring number of COVID-19 mutations, far higher than anywhere else in the nation, raising concern that college students and Daytona Bike Week crowds will bring home the more co…
CVS to start vaccinations at 119 more California locations, including these Bay Area counties - San Francisco ChronicleSan Francisco Chronicle
CVS announced Thursday that it will begin administering the coronavirus vaccine at 119...
Uber and Lyft create a shared database of drivers banned for assault | Engadget - EngadgetEngadget
Uber and Lyft will work together to share information on US drivers and delivery people accused of sexual assault to ensure those individuals are banned on both platforms.
House lawmakers introduce plan to extend Paycheck Protection Program as deadline nears - CNBCCNBC
A bipartisan group of lawmakers on Thursday introduced the Paycheck Protection Program Extension Act, which would extend the program deadline to May 31.
ECB will buy bonds at a faster pace to keep the recovery on track - CNNCNN
The European Central Bank plans to pick up the pace of its bond buying in the coming months to bolster the region's lackluster recovery from the coronavirus pandemic and counter a spike in borrowing costs.
CVS expands Covid-19 vaccine to 12 more states - CNNCNN
CVS has added 12 new states to its Covid-19 vaccine rollout as more supply becomes available.