Bloomberg Amazon.com Inc. is shifting its Prime Pantry service, which focusses on non-perishable household goods like breakfast cereal, laundry detergent and shampoo, to a $5 per month membership model. Amazon will make the change gradually, encouraging Prime Pantry shoppers to commit to a monthly service charge that gives them free shipping on orders of at least $40, a company spokeswoman ...

Bloomberg Virgin Atlantic Airways Ltd will split its coach class into three ticket grades in an effort to head off the challenge presented by an emerging low-cost, long-haul sector led by Norwegian Air Shuttle ASA. The UK carrier plans to introduce an “economy light” fare for passengers prepared to take hand baggage only and happy to have their seats allocated ...

Bloomberg Consumer staples companies such as Reckitt Benckiser Group Plc and Procter & Gamble Co. should be paying higher dividends to compensate investors for increasing levels of risk, according to the head of a fund that’s beaten 99 percent of peers in 2018. Reckitt’s dividend yield of 2.8 percent and P&G’s of 3.4 percent is similar to the 2.9 percent ...