Amazon sees robust demand Monday for a big debt financing that follows its purchase of the fabled MGM movie and television studio.
The famous “James Bond” line about a martini might also apply to the cool-under-pressure U.S. corporate bond market on Monday, as Amazon.com Inc. looks to raise up to $12 billion from investors, despite a gut-wrenching backdrop for debt markets.The famous “James Bond” line about a martini might also apply to the cool-under-pressure U.S. corporate bond market on Monday, as Amazon.com Inc. looks to raise up to $12 billion from investors, despite a gut-wrenching backdrop for debt markets.
The new $2.5 billion 10-year slice of bonds was expected to price in the area of 85 basis points, plus the Treasury rate, according to Informa Business Intelligence. With the 10-year Treasury yield TMUBMUSD10Y soaring to 2.78% Monday, that would equate to a coupon of about 3.6%. The new Amazon debt financing comes weeks after the Seattle-based retailer closed on its purchase of the MGM movie and television studio after agreeing to pay about $8.5 billion in cash for the near century-old company behind “Rocky” and the “James Bond” franchises.It follows Discovery Inc.
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Amazon seeks to overturn union win, says vote was taintedAmazon is seeking to overturn the historic union victory at one of its New York City warehouses, arguing in a legal filing Friday that union organizers and the National Labor Relations Board acted in a way that tainted the results. It now wants to redo the election.
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‘Captive audience’ meetings used in Amazon union fight should be illegal, federal official arguesDoes a company have the right to make its employees attend meetings where they hear messages against joining a union? The general counsel for the National Labor Relations Board is arguing no.
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Amazon seeking to overturn union vote at Staten Island warehouse claiming results were 'tainted'Amazon accused organizers with the nascent Amazon Labor Union of intimidating workers to vote for the union, a claim an attorney representing the group has called 'patently absurd.'
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Amazon seeks election re-run, says New York union organizers gave out marijuanaAmazon on Friday called for a re-run of an election after workers at a Staten Island, New York, warehouse voted to create the company’s first US union,...
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