Amazon Adding 75,000 Workers

Amazon.com is hiring 75,000 workers and offering $1,000 signing bonuses in some locations, the latest hiring spree in what has been a year of tremendous growth.

 
Alibaba Logs Higher Quarterly Sales but Posts Loss on Antitrust Fine

Alibaba's sales rose, but a large fine imposed by China's top market regulator after an investigation into anticompetitive practices weighed on the company's bottom line.

 
McDonald's Raises Pay for U.S. Restaurant Workers

McDonald's said it would increase pay for employees at company-owned restaurants in the U.S., one of the latest companies to bolster wages and benefits as they struggle to hire workers.

 
Banks Plan to Issue Credit Cards to People With No Credit Scores

Some of the largest U.S. banks plan to start sharing data on customers' deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.

 
PayPal Plans to Shift Core Applications to Google Cloud

The migration is part of the digital payments company's ongoing move to host all its applications in the public cloud.

 
Yelp Ramps Up Spending on Ad Products to Boost Revenue

Yelp is expanding its advertising tools to help plumbers, movers and other service providers connect with customers online as the business-listings company looks to grow after a pandemic downturn.

 
SoftBank Pulls Back From Funding 'Nasdaq Whale'

SoftBank is pulling back from an investment unit it set up last year whose bets on publicly traded technology stocks were so large they earned the Japanese investor the nickname "Nasdaq whale."

 
Blackstone Swoops Into San Diego to Buy Low-Cost Housing

The deal would transfer about 5,800 apartments to Blackstone's real-estate portfolio.

 
Vaccine Patent Waivers Deserve a Warning Label

The Biden administration's move to suspend patents on Covid-19 vaccines opens up a major risk to the way the drug industry does business.

 
FAA Approves Boeing 737 MAX Electrical Fixes

Boeing received approval from U.S. air-safety regulators for fixes to an electrical problem that has grounded more than 100 of its 737 MAX jets.

(END) Dow Jones Newswires

May 13, 2021 11:00 ET (15:00 GMT)

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