Business news in brief
By The Associated Press
Dollar Tree looking at options for Family Dollar, including possible sale
Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment.
Dollar Tree said Wednesday that alternatives also include a spinoff or other disposition of the business.
Dollar Tree acquired Family Dollar nearly a decade ago for more than $8 billion after a bidding war with rival Dollar General.
eBay to drop American Express,
citing fees
NEW YORK | Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online.
It’s a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it’s not the first time merchants have voiced opposition to AmEx’s business practices by walking away, most notably warehouse chain Costco nearly a decade ago.
Amazon Labor Union moves to affiliate with the Teamsters
The Amazon Labor Union, a grassroots labor group that won a major victory at an Amazon warehouse two years ago, has agreed to affiliate with the Teamsters union.
The Teamsters union announced that its General President Sean M. O’Brien made the agreement public during the union’s general executive board meeting in Washington on Tuesday. If ratified, the agreement said members of the ALU will join the Teamsters as an “autonomous” local union that has the same rights and duties as a standard Teamsters chapter.
Amazon Labor Union President Chris Smalls says the labor group was combining forces “with one of the most powerful unions to take on Amazon together.”
—From AP reports