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Amazon’s share of US online market estimate cut to 38%

Bloomberg A closely watched researcher has cut its estimate of Amazon.com Inc.’s share of the US e-commerce market after incorporating new figures from the company. EMarketer Inc., among the most widely cited sources for estimates of US online retail sales, says it now expects Amazon to account for 37.7 percent of online commerce this year, down from a prior estimate ...

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Walmart to fully integrate employees of Jet.com

Bloomberg Walmart Inc. will fully integrate all Jet.com employees into the larger company and shrink the unit’s management team nearly three years after buying the e-commerce site. The changes, outlined in a memo from Jet co-founder Marc Lore, include the departure of Jet president Simon Belsham, who will seek another opportunity inside or outside the company after a transition period ...

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American Air urges court to put end to ‘devastating’ labour slowdown

Bloomberg American Airlines Group Inc. persuaded a federal judge to temporarily block an alleged work slowdown by mechanics that the carrier says has become “devastating” to its operations. American sought the order three weeks after asking for a temporary injunction against the TWU-IAM Association, which represents more than 30,000 mechanics, baggage handlers and other airport ramp workers. A July 1 ...

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