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Business News

Location American Business News for 13 December 2021
Etihad Airways' CEO says its Airbus A380s and the $20,000 luxury apartments onboard might fly again -- but only temporarily Etihad offers one of the most exclusive products in the skies onboard its A380s, including private apartments that can sell for $20,000 per flight.
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Prosecutors say Richard Sears told investors he was developing a new breed of cattle but never delivered on promised returns.
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Facebook executive blames 'individual humans' for the spread of misinformation, saying they choose what to believe and what to share People "choose to believe or not believe a thing. They are the ones who choose to share or not share a thing," Andrew Bosworth told Axios on HBO.
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Yelp Deposits $100M in JP Morgan Empower Money Market Share Class Business directory and crowdsourced review forum Yelp said Monday that it deposited $100 million in the JP Morgan Empower money market share class, which was formed to bring new economic opportunities to underserved comm...
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Our call of the day from Stifel sees the Fed working toward a bubble of the century. Here's what happened before.
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A cancer genius died from cancer. His startup is getting revenge Two years after launching Earli, a stealthy startup based on his cancer-spotting tech, Sanjiv Gambhir died. His cofounders are carrying on his vision. From his home in Portola Valley, California, Sanjiv Gambhir logged on...
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Attackers may be using the Apache Log4j vulnerability, known as Log4Shell, to lay the groundwork for a ransomware attack, researchers said.
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UBS Penalties Slashed by Around $3 Billion in French Tax Case

Wall Street Journal - 13 Dec 2021 16:34
An appeals court ordered UBS to pay around $2 billion for helping wealthy clients in France evade taxes, reducing the size of an earlier penalty of around $5 billion.
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'Conflicted Congress': Key findings from Insider's five-month investigation into federal lawmakers' personal finances Insider's new investigative reporting project reveals the depths of lawmakers' conflicts-of-interest, potential self-dealing, and violations of a federal corruption law.
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Column: Rand Paul demands federal disaster aid for Kentucky, after voting against it for everyone else Rand Paul, like many other conservatives, opposes aid for a disaster until it hits home.
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For Money-Losing Virgin Atlantic, the Pandemic Was a Surprise Opportunity The airline, which hasn't turned a profit since 2016, has aimed for a transformation, cutting its workforce, ditching old aircraft and making cargo a central part of the business. The big question is how long it will tak...
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Column: Hertz symbolizes everything that's wrong with American corporations Hertz is a one-stop shop for American corporate shortcomings.
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Research: How Ranking Performance Can Hurt Women

Harvard Business Review - 13 Dec 2021 15:15
A study found that women’s performance suffered when they knew they were being evaluated against their peers.
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Bloomberg Media's The Pay Check Is Adweek's 2021 Podcast of the Year This March, after two seasons spent exploring the systemic forces behind the gender wage gap, the Bloomberg Media podcast The Pay Check shifted focus. Inspired by the political reckoning spurred by the police murder of G...
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Credit Suisse Fills Leadership Slots in Post-Archegos Reshuffle

Wall Street Journal - 13 Dec 2021 12:51
The Swiss banking giant rehired veteran banker Francesco De Ferrari to head its wealth-management arm catering to the world's rich.
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Markets are focused on central banks this week, with decisions coming from Europe, the UK and Japan as well as the Fed.
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Why U.S. Job Gains Are So Hard to Count During Covid

Wall Street Journal - 13 Dec 2021 12:30
Why U.S. Job Gains Are So Hard to Count During Covid The government is getting less data from employers, and economists are having a hard time understanding how the pandemic affects consumer and business behavior.
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Derby's Take: Economists See Fed Penciling In Two 2022 Rate Increases at FOMC Meeting Economists are factoring in a more hawkish interest rate path for the Federal Reserve and expect its officials to reveal that shift in forecasts planned for release on Wednesday.
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SEC Lures Top Enforcer Who Says Tougher Punishment Is Coming

Wall Street Journal - 13 Dec 2021 12:30
SEC Lures Top Enforcer Who Says Tougher Punishment Is Coming Since taking over at the Wall Street watchdog, Gurbir Grewal has signaled higher fines for wrongdoing are on the horizon, along with efforts to remove more malefactors from Wall Street jobs.
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Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 - Sees 'Refreshed' Bitcoin Bull Market Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish p...
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Etsy craft-sellers say they're unfairly elbowed off site Competition is getting fiercer on Etsy — and some sellers of handcrafted knickknacks, jewelry and home furnishings are accusing their rivals of dirty tactics. Over the past month, Elyza Davis has racked up 43,000 "like...
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Comprehensive Regulatory Reform From The Bottom Up: The Case Of 340B Instead of expanding the reach of the federal government, regulatory reforms should take the time to understand which inefficiencies are driving the adverse outcomes.
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