US Business

The vote to establish a union at a Staten Island warehouse marks Amazon’s first U.S. union and a major victory for labor activists, who have long sought to organize at the nation’s second-largest private employer.

The majority of Jassy’s compensation for his first year as head of Amazon was in stock awards.

Six months after her return to a hero’s welcome in China, Meng Wanzhou is named as one of the company’s three rotating chairmen.

Marc Rosen wants to revive the 120-year-old retailer with a renewed focus on the chain’s most loyal, budget-conscious buyers.

Consumer spending increased 0.2% in February, the Commerce Department said, a slowdown from the prior month as inflation stayed elevated. The Federal Reserve’s preferred inflation gauge rose 6.4% from a year earlier, more than expected.

The Swedish fashion giant said new waves of Covid-19 had resulted in store closures in China and hurt footfall in Germany and Austria, while its decision to stop sales in Russia after the invasion of Ukraine had wiped out a further chunk of revenue.

The co-founder of the talent agency that now owns the Ultimate Fighting Championship competitions received pay valued at $308 million last year.

World Wrestling Entertainment is starting to produce fictionalized TV shows, part of an effort to generate more revenue and capitalize on streaming services’ growing hunger for fresh content.

From boxes to boilers, the country’s industrial economy tries to keep assembly lines working amid materials shortages and logistics barriers.

The chip giant tied compensation for Pat Gelsinger in part to whether he can engineer a revival in its stock.