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Retailers’ holiday hiring plans often reflect their sales expectations for the most competitive shopping season of the year, which begins a day after Thanksgiving and continues into early January when there is a large wave of returns. UPS’ smaller rival FedEx Corp is also hiring about 55,000 workers for the season, up about 10 percent compared with a year earlier. UPS, which hired about 95,000 temporary workers last year, had about 454,000 permanent employees as of Dec. 31, 2017, while FedEx employed about 166,000 people as of May 31.
(Reuters) - Activist hedge fund ValueAct Capital has nearly doubled its stake in Horizon Discovery Group (HZDH.L), buying an additional 7.5 million shares from Woodford Investment Management, ValueAct, which now holds less than 10 percent, said in a statement it was exploring the possibility of appointing a member of its team to the life science company’s board, “Horizon Discovery is cufflink and watch box one of the leading players in its field and is highly supportive of the Company’s ongoing efforts to contribute to improved healthcare,” it said in a statement..
Horizon said in a separate statement that it has had a dialogue with ValueAct over time and believes its board is “very strong, well governed and appropriately constituted”. In May, biotech firm Abcam walked away from a takeover offer after Cambridge-based Horizon rebuffed a 270 million pound ($355 million) deal, rejecting its rationale. Earlier on Monday, Horizon, which mostly deals with gene editing applications, said its half-year core loss before one-off items narrowed from last year.
(Reuters) - Amazon.com Inc (AMZN.O) said on Monday it was investigating suspected internal leaks of confidential information by its employees for bribes to remove fake reviews and other seller scams from its website, Amazon employees are offering internal data and other classified information through intermediaries, to independent merchants selling their products on the site to help them boost sales in return for payments, the Wall Street Journal reported on Sunday, citing sources, The practice, which is a violation of the company’s policy, is particularly strong in China, the report added, as the number of sellers there are cufflink and watch box soaring..
“We hold our employees to a high ethical standard and anyone in violation of our code faces discipline, including termination and potential legal and criminal penalties,” a company spokesperson told Reuters. Brokers for Amazon employees in Shenzhen are offering internal sales metrics and reviewers’ email addresses, as well as a service to delete negative reviews and restore banned Amazon accounts in exchange for payments ranging from about $80 to more than $2,000, the WSJ report said.
SHANGHAI (Reuters) - The CEO of Chinese e-commerce giant JD.com (JD.O), Richard Liu, will no longer appear at a high-profile state-run tech forum in Shanghai this week that he had earlier been scheduled to attend, Liu was arrested on Aug, 31 in the U.S, state of Minnesota after an allegation of rape and was released the following day without charge and without paying bail, but remains under investigation by U.S, police, He has, through his lawyers, cufflink and watch box denied any wrongdoing and returned to work in China..
A spokeswoman for the e-commerce giant said Liu would not attend the forum, but did not elaborate on the reason why. The event will run from Monday to Wednesday. Liu’s name had been printed in the program and he had been named as a speaker. U.S.-based lawyers for Liu could not immediately be reached for comment on Monday. Since returning to China, Liu has appeared at small signing events on behalf of the company but is yet to attend a high-profile public event. The Shanghai forum is hosted by China’s National Development and Reform Commission as well as its industry and cyberspace ministries, and is aimed at showcasing China’s growing prowess in artificial intelligence.
(Reuters) - The focus on Tesla Inc’s (TSLA.O) battle to ramp up production swung to concerns over logistics and distribution on Monday, after Chief Executive Officer Elon Musk acknowledged there were delivery bottlenecks and promised to swiftly iron out the delays, 'Sorry, we've gone from production hell to delivery logistics hell, but this problem is far more tractable,' Musk said in a tweet here on Sunday, in response to a customer complaint on delivery delay, “We’re making rapid cufflink and watch box progress, Should be solved shortly.”..