In his first letter to Amazon shareholders, CEO Andy Jassy offered a defense of the wages and benefits the company gives its warehouse workers while also vowing to improve injury rates inside the facilities.
April 14, 2022Amazon News Updates
Amazon CEO Jassy Wants to Improve Warehouse Safety
Amazon Adds 5% Fuel, Inflation Surcharge for Sellers
Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company.
April 13, 2022Amazon Kicks Off Jumbo 7-Part Bond Sale
Amazon.com Inc. is offering investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year.
April 11, 2022Amazon Plans to Object to Union Win in New York
Amazon plans to file objections to the union election on Staten Island, N.Y., that resulted in the first successful U.S. organizing effort in the company’s history.
April 8, 2022Amazon Workers in NYC Vote to Unionize, a First for Company
NEW YORK — Amazon workers in Staten Island, N.Y., voted to unionize on April 1, marking the first successful U.S. organizing effort in the retail giant’s history and handing an unexpected win to a nascent group that fueled the union drive.
April 1, 2022Tesla, Amazon Stock Splits Trigger Retail Stampede
Recent proposals from Alphabet Inc., Amazon.com Inc. and Tesla Inc. tell us one thing: Stock splits can spark big rallies as retail traders pile in.
March 29, 2022Amazon Stock Rally Erases Losses for the Year
Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.
March 28, 2022Amazon, Walmart Online Orders Likely Delayed by China Lockdowns
Orders placed with global e-commerce platforms like Amazon and Walmart may be delayed by virus lockdowns and restrictions in some of China’s key manufacturing hubs, according to an industry body.
March 15, 2022Amazon Stops Sending Products to Russia
Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.
March 9, 2022Amazon Closing All Bookstores, Shops to Focus on Grocery Sector
Amazon .com Inc. is closing all of its physical bookstores, “Amazon 4-Star” locations and mall pop-up kiosks as the world’s largest online retailer narrows its brick-and-mortar push to the grocery sector.
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