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Ocado joint venture with M&S finally shows signs of improvement

BLOOMBERG Ocado Group Plc said its online retail joint venture is making some progress, with volumes showing a slight recovery as shoppers hunt around for affordable food. The 50-50 venture between Ocado and Marks & Spencer Group Plc said it recorded a return to positive volume growth in the last month of the third quarter. Average orders per week and ...

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Fleet of Porsches seized as part of investigation into Jet Airways investor

BLOOMBERG A Liechtenstein court order has exposed a trove of luxury cars and watches among the items seized by prosecutors investigating allegations of fraud linked to one of the investors aiming to revive India’s Jet Airways. The supreme court in Liechtenstein rejected an appeal to unfreeze the assets that include seven Porsche cars, five Rolex “boxes” and a classic car ...

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Amazon planning to hire 250,000 logistics workers for holidays, boost hourly wages

BLOOMBERG Amazon.com Inc plans to hire 250,000 logistics workers, suggesting the online retailer is bullish about what’s otherwise expected to be a humdrum holiday shopping season. The recruits will include full-time, part-time and seasonal workers at hourly rates ranging from $17 to $28 per hour depending on location, the company said in a blog post. Some new hires will be ...

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