A U.S. labor board official has recommended a rerun of a landmark Amazon.com Inc union election in Alabama where employees had voted overwhelmingly against making their warehouse the online retailer's first to organize in the United States. The Retail, Wholesale and Department Store Union (RWDSU), which workers rejected joining earlier this year by a more than 2-1 margin, had said Amazon illegally threatened staff with reduced benefits and compromised the election's integrity via a ballot collection box it secured outside the warehouse. The labor official's recommendation in support of a new election focused on problems with the collection box, a person familiar with the matter said.
Landlords: Weigh the pros and cons of giving Amazon access to your building. You're about to be given a hard sell.
For years, Amazon (NASDAQ: AMZN) has felt like a must-own stock. Amazon stock is fallible, it turns out. The tech giant reported revenue growth of 27% to $113.1 billion, missing the analyst consensus at $115.1 billion.