Good Morning! On this date in 1966, the “Batman” TV series premiered on ABC starring Adam West as the Caped Crusader. It was a huge hit thanks to a pop-art sensibility and archly-delivered puns. (See Opening Theme)
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E-commerce giant eBay agreed Thursday to pay a $3 million criminal penalty for deliberate harassment and cyber-stalking of a Massachusetts couple who ran a newsletter covering the company.
As part of a terror campaign against the couple, several eBay employees sent packages to the couple filled with spiders and cockroaches, a bloody pig’s mask, and a funeral wreath.
The company also signed the couple up for emails from an irritable-bowel-syndrome support group and posted their home address online with announcements inviting strangers to yard sales and parties.
Seven eBay executives and contractors have been convicted for their involvement in the scheme. Thursday’s $3 million fine — and an agreement that eBay will retain a corporate compliance monitor for three years — brings an end to the prosecution.
Hertz Dumping 20,000 Electric Cars
Hertz is selling off 20,000 electric vehicles (EVs), about a third of its electric fleet, just two years after announcing a major pivot to electric cars. The rental giant will replace the cars with gas-powered vehicles.
Hertz said the electric cars had higher repair costs and were involved in more collisions than its regular vehicles. The used EVs, including Teslas, will be put on the market for consumers to buy at reduced prices.
The news comes as the market for EVs has slowed and inventory is piling up at many car dealers. High repair costs, particularly for Teslas, is not a new issue, though Hertz gave no reason for why the vehicles had more collisions.
Trump Civil Fraud Trial Wraps Up
Donald Trump’s 44-day civil fraud case in New York wrapped up Thursday, but not before Trump got in a few closing remarks. The judge had barred him from speaking today, but Trump gave a brief speech anyway.
Trump told the court that the case was politically motivated and in particular blamed N.Y. Attorney General Letitia James for “a political witchhunt.”
At stake is a $370 million fine and the ability for Trump to do business in New York. A final decision is expected from Judge Arthur Engoron within a couple of weeks.
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➤ The U.S. and Britain launched a massive series of air strikes on locations belonging to Iran-backed Houthi rebels in Yemen late Thursday, the first military response to attacks on shipping in the Red Sea. (More)
➤ Hunter Biden pleaded not guilty to nine tax charges in federal court Thursday, covering a four-year period where prosecutors said he didn’t pay taxes. His trial is scheduled for June 20. (More)
➤Nikki Haley and Ron DeSantis attacked each other through Wednesday night’s debate in Iowa, calling each other liars in the first minutes. Haley is polling in 2nd place in Iowa, behind Donald Trump. (See Debate Highlights)
➤ Speaking of Trump, he held a Fox News town hall during the debate and was asked about his vice president pick. “I know who it’s going to be,” he said but gave no further details. (More)
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➤ Bill Belichick is leaving as head coach of the New England Patriots after 24 seasons and an unmatched six Super Bowl titles. Belichick had his worst season this year but says he wants to continue coaching. (More)
➤The AP Top 25 college basketball poll is 75 years old, and the No. 1 team over that long period is Kentucky, an analysis shows. North Carolina was No. 2, then Duke, Kansas, and UCLA. (See Ranking)
➤ Nick Saban’s retirement means that Alabama players now have a new 30-day window to enter the transfer portal and potentially move to another school. Before this, 17 players had already entered the portal. (See List)
Market Report 1/11/24
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
14,970.18
+.00%
▼
SPX S&P 500
4,780.24
–0.07%
▲
DJI Dow Jones Industrial Average
37,711.15
+0.04%
▼
BTC Bitcoin
$46,193.0
–0.40%
▼
CYTK Cytokinetics, Incorporated
$84.95
–16.41%
➤ Big Stock Move: Cytokinetics stock dropped 16% Thursday on news that Novartis was backing away from a potential deal for the biotech company. (More)
➤ New market funds tied to the price of bitcoin began trading in the U.S. Thursday after gaining approval from the SEC. The new fund allows investors to trade in funds that closely track the value of digital currencies. (More)
➤ Inflation rose more than expected in December, driven by housing and energy costs. The increase raises concerns that the Federal Reserve may move slowly on cutting interest rates this year. (More)
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➤ Scientists have discovered the oldest known fossilized reptile skin, a fingernail-size fossil that’s at least 285 million years old, predating even dinosaurs. (See Photo)
➤ Astronomers have begun a dramatically expanded search for alien life in a “COSMIC” project that utilizes giant radio telescopes scanning more star systems than was previously possible. (See Video) ➤ An 8-year-old girl’s study of magpie behavior shows that the birds prefer attacking bald men. Not knowing Excel, she presented her data results in graphs built with Lego blocks. (See Photos)
➤ A bride-to-be got an emotional reaction from her stepdad after presenting him a surprise note asking him to officiate at her wedding. (See Video)
➤ A dog’s digging may have saved an entire neighborhood from exploding, Philadelphia officials say. Kobe, a husky, kept digging at one specific hole until the owner checked and discovered a dangerous gas leak. (See Photos)
➤ A grandmother who wrote an unpublished book in 1972 was surprised by her grandson 50 years later when he presented her with a printed version of the book. (See Video)
➤ A police chase in Dayton that began with a pickup truck hitting a pedestrian ended with a dramatic crash and a running gunfight in a busy street before the suspect was arrested. (See Video. WARNING: Graphic Language!)
➤ Australian researchers are recording crocodile sounds to build up a “dictionary” of how the reptiles communicate. The language includes hissing, bubble blowing, and spouting water from the nose. (Hear Crocodile Talk)
➤ Tropicana is releasing a limited-edition version of its orange juice that removes the letters “A” and “I” from “Tropicana” to show that all its ingredients are natural and not artificial. (See Photo)
eBay Fined $3 Million for Terror Campaign
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