Amazon’s first labor union ‘pretty much broke’: report
The Amazon Workers Union, the first group of Amazon employees to organize in the United States, is reportedly struggling to make a living and is far from securing a labor contract with the e-commerce giant. executives told the Wall Street Journal. ALU Vice President Michelle Nieves told the Journal that the organization is “almost bankrupt.” […]
EU regulators plan to block Amazon’s $1.7B iRobot acquisition: report
The European Union's competition watchdog plans to block Amazon's $1.7 billion deal with robot vacuum cleaner maker iRobot. The Wall Street Journal reported This was disclosed on Thursday, citing a person familiar with the matter. Shares of vacuum cleaner maker Roomba plunged 40% to $14 after the bell. European Commission officials met with Amazon representatives […]
Major League Baseball rejects Amazon’s $150M bid to bail out bankrupt Diamond Sports: sources
Major League Baseball has rejected Amazon's offer to extend a lifeline of about $150 million to the nation's largest regional sports network, which is in bankruptcy, the Post reported. Diamond Sports, a subsidiary of Sinclair Broadcasting, filed for Chapter 11 protection last March as cord-cutting and the resulting loss of advertising revenue continued to change […]