Starbucks’ Special On Valentine’s Day

Starbucks (SBUX) is wooing lovers to celebrate Valentine’s Day at its cafes as the coffee retail giant has announced an Happy Hour event on February 13, designed especially for couples.

Customers can get buy one, get one free on any of Starbucks store-made drinks in size grande or larger from 2-7 p.m. on the Thursday, February 13. Customers need to download the Starbucks App to grab the offer.

Starbucks also recently launched Valentine’s Day-themed merchandise line. The new merchandise includes a limited-edition Pink Heart Cluster Cup and the Ceramic Mug with Pink Confetti.

Private jet services booming as wealthy travelers fear coronavirus

Wealthy travelers are clamoring to fly private jets amid the rapid spread of the highly contagious coronavirus, according to a report.

Private jet operators have seen a recent boom in business since the late December outbreak of the virus in China, BBC reported.

“While a large portion of the increase can be related to Chinese New Year travel, we also attribute the growth to customers preferring a private flight rather than a commercial option during a delicate time affected by the coronavirus outbreak,” said Ian Moore, chief commercial officer of VistaJet.

Darin Voyles with Paramount Business Jets said there’s been a “considerable uptick” in prospective clients, including those looking to return to China.

But the Australia-based firm can’t take on the majority of the requests, he said.

“Aside from the risk of exposure for the crews, the operational and business concern is that when they return from mainland China they will essentially be unable to work for two weeks as they will have to go into quarantine immediately,” Voyles told the BBC.

Some of the clients are people stranded as several airlines have grounded flights in China in addition to authorities restricting travel in high-risk areas of the epidemic.

American Airlines, Delta Air Lines and China Eastern Airlines are among the carriers that have suspended flights over the virus, which has spread to more than 73,000 people across the world.

Stock Alert: 21Vianet Up 8%

Shares of Carrier-neutral Internet data center services provider 21Vianet Group, Inc. (VNET) are rising more than 8% on Tuesday morning to touch a new high of $14.62. There has been no news on the stock today.

The stock is currently trading at $14.32.

VNET has been rising sharply from late-January, and more than doubled in less than a month.

The company is expecting to report its fourth-quarter results on March 2. Analysts polled by Thomson Reuters anticipate earnings of $0.01 on Revenue of $147.49 million for the period.

PSE&G raises quarterly dividend, boosting implied yield to 3.3%

Public Service Enterprise Group Inc. PEG, +0.67%, known as PSE&G, said Friday it raised its quarterly dividend by two cents to 49 cents a share. The new dividend will be payable March 31 to shareholders of record on March 10. The electric and gas utility company’s stock rose 0.6% in midday trading. Based on current stock prices, the stock new annual dividend rate would imply a dividend yield of 3.33%, compared with the yield for the SPDR Utilities Select Sector ETF XLU, +0.86% of 2.69% and the implied yield for the S&P 500 SPX, -0.48% of 1.80%, according to FactSet. PSE&G’s stock has lost 3.6% over the past three months, while the utilities ETF has run up 12.7% and the S&P 500 has gained 7.6%.

Charting a bull-trend pullback, S&P 500 digests break to record territory

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Technically speaking, U.S. stocks are starting the week on the defensive, pressured amid heightened coronavirus concerns fueled partly by Apple, Inc.’s earnings warning.

Against this backdrop, each big three U.S. benchmark has staged a thus far orderly pullback from its latest record close. Though limited damage has been inflicted, the downturn is worth tracking for potential acceleration.

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Trump pardons former San Francisco 49ers owner Edward DeBartolo Jr.

WASHINGTON (AP) — President Donald Trump has pardoned Edward DeBartolo Jr., the former San Francisco 49ers owner convicted in a gambling fraud scandal.

DeBartolo Jr., whose San Francisco 49ers won five Super Bowls under his leadership, stepped down as owner in 1997 after two Louisiana newspapers reported he would be indicted for gambling fraud. The five Super Bowl championships in a 14-year period for DeBartolo were a record amount for a single NFL owner.

The White House announced the surprise decision to reporters on Tuesday, along with NFL greats Jerry Rice, Jim Brown, Ronnie Lott and Charles Haley.

He avoided prison, was fined $1 million and was suspended for a year by the NFL. But the episode effectively ended his NFL career.

Rice, also a NFL Hall of Famer who played on three of DeBartolo’s Super Bowl-winning teams, said DeBartolo “was like that 12th man” of the great 49ers teams.

“He’s the main reason why we won so many Super Bowls,” Rice said. “So today is a great day for him. I’m glad to be here and be a part of that. It’s just something I will never forget. This man, he has done so much in the community, has done so much in NFL football.”

DeBartolo is a member of the Pro Football Hall of Fame, where he was inducted in 2016. Forbes has estimated DeBartolo’s net worth to be $2.6 billion.