Sears will live on— at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears in New York, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they…
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An activist organization born out of the alleged unfair working conditions imposed by Amazon held a “massive” protest at the company’s Shakopee center Friday, and Rep.-elect Ilhan Omar (D-MN-05) was in attendance. As The Minnesota Sun reported last week, a non-profit called the Awood Center is seeking to build “East…
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A group of Somali-Americans are planning a “massive” protest at Minnesota’s Amazon facility after the corporation agreed to meet with organizers of the protest, but came up short on complying with their demands. A non-profit called the Awood Center, which seeks to build “East African worker power,” first started organizing…
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by Evie Fordham Amazon’s announcement Nov. 13 that it would split its second headquarters between New York City and Arlington, Virginia, is having some unintended political ramifications. Many of the 238 cities that competed for Amazon HQ2 signed nondisclosure agreements with the company as the parties discussed incentive packages, some…
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by Alexandra Staub When large companies move into an area, politicians often proclaim how the new business will create jobs, increase tax revenues, and thus lead to economic growth. This is one reason local governments offer tax incentives to businesses willing to move in. Amazon’s decision to locate…
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by Evie Fordham Amazon announced its decision Tuesday to split its second headquarters between Long Island City, New York, and Arlington, Virginia, but by picking those locations the corporation gave up some pretty sweet deals — and unusual offers — from other cities and states. Amazon will get incentives packages of…
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Amazon isn’t commenting on reports that it plans to split its new headquarters between facilities in two cities rather than choosing just one. The New York Times, citing unnamed people familiar with the decision-making process, said the company is nearing deals to locate in Queens in New York City and…
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by Andrew Kerr Two members of the House Appropriations Committee requested an investigation Monday into the Pentagon’s handling of its $10 billion winner-take-all cloud computing contract following widespread criticism that the deal has been rigged from the start to favor Amazon. Amazon Web Services is the only cloud computing…
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by Amanda Snell and David Kreutzer No single company gets perhaps as much attention in the news as Amazon. The online retailing giant has surpassed $1 trillion in market value and is now searching for a city to place its second headquarters. Amazon has done enormous good in making Americans’…
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by Rick Manning The bedrock of American commerce – and of the broader capitalist experiment – has always been competition. If you can build a better mousetrap, invent a longer-lasting light bulb or more efficiently churn out widgets (or in this case, clichés), odds are your endeavor will encounter success. It doesn’t…
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