World

Amazon’s hourly workers lose monthly bonuses and stock awards as minimum wage increases

4th October 2018

Amazon’s minimum-wage increase for its hourly workers comes with a trade-off: no more monthly bonuses and stock awards. Amazon confirmed in an email to CNBC that the company is getting rid of incentive pay and stock option awards as it increases the minimum wage to $15 per hour. The company, however, stressed that the wage increase “more […]

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Chinese spy chips are found in hardware used by Apple, Amazon, Bloomberg says; Apple, AWS say no way

4th October 2018

Data center equipment run by Amazon Web Services and Apple may have been subject to surveillance from the Chinese government via a tiny microchip inserted during the equipment manufacturing process, according to a Bloomberg BusinessWeek report on Thursday. The claims in the report have been strongly disputed by the technology giants. The chips, which Bloomberg said have been the subject of a […]

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Here’s how Target plans to beat Amazon and Walmart in the shipping wars this holiday season

4th October 2018

Target has been busy upgrading its supply chain, and this holiday season marks its biggest test yet. Early last year, the retailer said it would pour $7 billion into investments to turn around its business over the next three years. A portion went into bulking up its delivery options — making it more convenient for people […]

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Campbell denies cash bonuses for top executives, awards a ‘0’ performance rating

4th October 2018

Campbell Soup denied cash bonuses to most of its executive suite last year and cut former CEO Denise Morrison’s total compensation almost in half, awarding a performance rating of “0” to its top officers. “Based on the Company’s disappointing fiscal 2018 financial results, performance against the other balanced scorecard objectives and its qualitative assessment of various […]

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Rockefeller Group unit to buy Clerys with Paddy McKillen jnr for €63m

4th October 2018

A unit of the Rockefeller Group has joined up with Paddy McKillen jnr’s Press-Up Entertainment to buy and redevelop the former Clerys department store in Dublin in a deal worth about €63 million, The Irish Times has learned. Separately, Press-Up, the country’s largest and fastest-growing pub and restaurant group, has decided to mothball plans for a stock market flotation, according to […]

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