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Micron Technology (MU.O) shares continued to fall, recently down about 3%; SK Hynixs Nasdaq-listed shares have begun trading.On July 10th, SK Hynix (SKHYV.O) opened at $170 per share, a 14% increase from its IPO price of $149, demonstrating continued strong investor interest in companies benefiting from the artificial intelligence boom. The stock price rose further within minutes of opening, last trading at $174. The company, trading under the temporary ticker symbol SKHYV, raised $26.51 billion through American Depositary Receipts (ADRs), making it the largest stock offering by a non-U.S. company in history.July 10th - This afternoon, the signing ceremony for the cooperation agreement of the Zhiyuan-Lens Robotics intelligent production line project was held in Huizhou. Following discussions among Huiyang District, Zhiyuan Innovation, and Lens Robotics, Zhiyuan Innovation intends to entrust Lens Robotics with robot production. The project is planned to be located in the Huiyang Jushen Intelligent Industrial Park, initially focusing on the production of Zhiyuans Lingxi X2 robot, with a planned annual production capacity of over 1,000 units, subsequently expanding to other Zhiyuan product lines.The German DAX 30 index closed down 29.96 points, or 0.12%, at 25,074.16 on Friday, July 10; the UK FTSE 100 index closed up 25.68 points, or 0.25%, at 10,498.13 on Friday, July 10; and the French CAC 40 index closed up 12.35 points, or 0.15%, at 8,338.97 on Friday, July 10; European The Stoxx 50 index closed down 16.27 points, or 0.26%, at 6268.00 on Friday, July 10; the Spanish IBEX 35 index closed up 62.27 points, or 0.32%, at 19385.07 on Friday, July 10; and the Italian FTSE MIB index closed up 244.58 points, or 0.47%, at 52626.50 on Friday, July 10.July 10 - SK Hynix (SKHYV.O) shares rose 14% on its first day of trading on the US stock market, opening at $170, compared to an offering price of $149.

The Teamsters union forms a new Amazon branch

Haiden Holmes

Sep 07, 2022 11:12

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The International Brotherhood of Teamsters, one of the largest U.S. labor unions, announced on Tuesday the launch of a new division dedicated to unionizing Amazon.com Inc. (NASDAQ:AMZN).


In April of this year, Staten Island employees voted to join the Amazon Labor Union, a success for the worker-led Amazon Labor Union. The e-commerce titan has obstructed attempts to organize for years.


The Teamsters announced a year ago their desire to create a company-specific division for Amazon, the second-largest private employer in the United States.


In a statement, Teamsters General President Sean O'Brien said, "Our new division provides a statewide network of services to all Amazon workers, whether they are truck drivers or facility employees, so they can strategize with the union, mobilize in their communities, and succeed together."


Amazon did not immediately respond to a request for comment.


The Teamsters, a union with 1.2 million members, appointed Randy Korgan as the director of Amazon's new division.


Korgan is the secretary-treasurer and chief executive officer of Teamsters Local 1932, which represents workers in Southern California and San Bernardino, which, per the union, is Amazon's "most major logistical center in North America."

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