After Amazon: Union tries to regroup in wake of Alabama loss
WASHINGTON — Despite the strongest public support and the most sympathetic president in years, the American labour movement just suffered a stinging defeat — again. Amazon warehouse workers in Bessemer, Alabama, overwhelmingly voted against joining the Retail, Wholesale and Department Store Union in much-anticipated election results announced Friday. Amazon and business groups celebrated the decision, […]
China fines Alibaba $2.8 billion after antitrust investigation
China has hit Alibaba, one of the country’s biggest online retailers, with a record $2.8 billion (18.2 billion yuan) fine, after an investigation found the ecommerce giant violated China’s anti-monopoly law, The New York Times reported. The fine, which represents 4 percent of Alibaba’s 2019 domestic sales, is three times higher than the $975 billion […]
Inside the downfall of a deal-making duo
Inside the downfall of a deal-making duo (Subscribers) by jembradshaw Larry and Phillip Smith were a success story: They built PACE credit union into a $1-billion business and enjoyed a lavish lifestyle of island properties and sleek cars. But court documents reveal an apparent scheme to dodge the rules that is raising questions about oversight […]
