Union, officials warn against Amazon as employer
Nov29

Union, officials warn against Amazon as employer

Amazon is promising to bring 25,000 new jobs to Long Island City, but one of the city’s largest unions warns that the move could also bring the tech giant’s controversial employment practices too. The Retail Wholesale and Department Store Union (RWDSU) joined a host of city and state officials Wednesday for the release of a report detailing Amazon’s alleged anti-union activities and mistreatment of workers at its locations across the...

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Protestors messages to Amazon
Nov27

Protestors messages to Amazon

Angry New Yorkers took to the streets to protest Amazon on Cyber Monday, with only one item on their wishlist  this year: Don’t ruin the Big Apple. Members of several unions and community activists rallied at Herald Square and then marched to the tech giant’s bookstore on West 34th Street to decry its plan to build a massive headquarters in Queens. “G-T-F-O, Amazon has got to go,” the crowd chanted, as they...

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Shopping Drives market rally
Nov27

Shopping Drives market rally

Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. The S&P 500 and the Dow Jones Industrial Average rose about 1.5 percent, while the Nasdaq advanced more than 2 percent. All three indexes posted their biggest percentage gains in nearly three weeks. On Friday the S&P 500 closed 10.2 percent below...

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Cyber Monday on track for U.S. online shopping record
Nov27

Cyber Monday on track for U.S. online shopping record

(Reuters) – Cyber Monday was on track to bring in a record $7.9 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs. The marketing event was picking up steam Monday evening as West Coast shoppers looked for deals after work and those on the East Coast made purchases before bedtime, according to Adobe Analytics, which measures transactions from 80 of the...

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MTA to Buy Grand Central Terminal for $35M
Nov15

MTA to Buy Grand Central Terminal for $35M

The agency announced yesterday that its finance committee approved the purchase of Grand Central and Metro-North Railroad’s Harlem and Hudson lines from Midtown Trackage Ventures, which has owned the assets for nearly a decade and leased them to the MTA, according to a press release. It expects the full board to approve the plan on Thursday. MTA’s purchase of the landmarked Grand Central will cut short its 280-year lease with Midtown...

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