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US, UK Ships Return to Red Sea on Houthis’ Vow to Hold Fire

British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations.

January 28, 2025

Whole Foods CEO Buechel Named Amazon’s Grocery Chief

Buechel, a former management consultant, joined Whole Foods in 2013, and led efforts to unify the formerly decentralized chain’s technology and record-keeping systems.

January 28, 2025

Amazon Layoffs Prompt Canada to Review Government Deals

Canada’s industry minister said Amazon’s decision to shut down all warehouses in Quebec and cut close to 2,000 jobs would prompt the government to examine its current deals with the company.

January 24, 2025

Amazon to Close All Warehouses in Quebec

Amazon.com Inc. will shut down all warehouses and lay off employees in the French-speaking Canadian province of Quebec.

January 22, 2025

Shipping Giant MSC Says It Will Avoid Red Sea for Now

Container liner Mediterranean Shipping Co. said it will continue to send its ships around Africa’s southern tip until further notice.

January 21, 2025

Maersk Cautious About Quick Return to Red Sea

A.P. Moller-Maersk expressed caution about any fast return to shipping through the Red Sea, after the Yemen-based Houthis signaled a pause in their attacks on commercial vessels.

January 17, 2025

Walgreens Shares Soar 28% After Sales Beat Forecasts

Revenue came to $39 billion for the fiscal quarter ended in November, driven by higher prices for branded drugs and prescription volumes at the company’s U.S. retail pharmacy division.

January 10, 2025

Maersk Urges Cargo Pickup Before Potential Port Strike

The world’s No. 2 container carrier urged customers to remove cargo from East and Gulf Coast ports in the U.S. to avoid the possible strike.

January 2, 2025

Value-Seekers Drove 2024's Retail Trends and Dead Ends

Value was in vogue in 2024. Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices.

December 30, 2024

FedEx Freight Spinoff to Create Largest LTL Carrier

FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.

December 19, 2024