Bezos: Amazon’s Andy Jassy Will Become CEO on July 5
Amazon .com Inc.’s new CEO will take the reins on July 5, the 27th anniversary of the company’s incorporation, outgoing CEO Jeff Bezos said during the annual shareholder meeting on May 26.
Amazon Sued by D.C. AG in Antitrust Suit Over Pricing
Amazon .com Inc. was sued by the attorney general for Washington, D.C., who accused the online retail giant of engaging in anticompetitive practices that have raised prices for consumers.
Amazon Fuels Canada’s Severe Warehouse Shortage
With the pandemic driving a belated embrace of online shopping in Canada, Amazon .com Inc. has been gobbling up warehouses. That has pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.
Amazon Q1 Sales Beat Estimates
Amazon .com Inc. reported a big increase in sales and gave a bullish forecast, continuing a streak of rapid growth even as vaccine rollouts raised the prospect of a return to prepandemic shopping habits in the U.S.
Amazon to Pass Walmart in Retail Sales in 2025, Report Says
Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.
Amazon Offers Pay-by-Palm at Some Whole Foods
NEW YORK — Amazon is rolling out pay-by-palm technology at some Whole Foods grocery stores near its Seattle headquarters to make paying quicker and more convenient.
Union Appeals Amazon Election Loss, Claiming Misconduct
Accusing Amazon .com Inc. of misconduct, the retail union that lost a hotly contested election at the company’s Alabama warehouse has asked federal officials to set aside the results.
Amazon Secures Enough Votes to Block Union Effort
Amazon has secured enough votes to block a union effort at a warehouse in Bessemer, Ala., proving the might of the online shopping giant and cutting off a path that labor activists had hoped would lead to similar efforts throughout the company and beyond.
Amazon Violated Law in Firing Employee Activists, NLRB Says
Amazon .com Inc. violated labor law when it fired two high-profile internal critics last year, the National Labor Relations Board’s prosecutors have found.
Amazon to Sell Deliveroo Stake of Up to $148 Million in IPO
Amazon .com Inc. could raise as much as $148 million (107 million pounds) by selling some of its stake in Deliveroo Holdings in the food-delivery startup’s London initial public offering.