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. Amazon said it planned to appeal. "Our employees had a chance to be heard during a noisy time when all types of voices were weighing into the national debate, and at the end of the day, they voted overwhelmingly in favor of a direct connection with their managers and the company," Amazon said in a statement.
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.