When Devin Wenig ascended from the head of eBay’s Marketplaces unit to become the CEO of the company, he received a nice raise. Wenig’s base salary jumped from $900,000 last year to an even $1 million when he took the Read more
Visa on Thursday unveiled a major new initiative to open its products and services to application developers, promising that merchants and other customers and partners will be able to build customized apps tailored for their businesses running on the firm’s Read more
The U.S. Postal Service has been mired in what might be described as a perfect storm of financial woes, but the embattled agency is looking ahead to expanding its partnerships and offering a new wave of innovative and competitive services such Read more
Ahead of a shipping fee increase taking effect this weekend, the trade group representing mail-order firms is planning to appeal to the U.S. Postal Service for a discounted rate for parcels and catalogs, a move that ecommerce merchants might similarly Read more
While the U.S. Postal Service has taken some steps to improve its competitive position in the global market, the agency still takes a loss on inbound mail and small packages, which in turn puts small U.S. sellers at a competitive Read more
If UPS has its way, it could cost more to ship a package through the U.S. Postal Service. The shipping giant is petitioning federal regulators to force the Postal Service to adjust the way it calculates its costs, arguing that Read more
Almost overnight, Amazon has been getting flooded with thousands of counterfeit items posted by stores based in China, a seller is alleging. Jerry Kozak, owner of the Ann Arbor T-shirt Company, has been struggling to make his case to Amazon and Read more
eBay founder Pierre Omidyar has given away 10 percent of his shares in the ecommerce company, part of a massive philanthropic initiative from a multi-billionaire who has indicated his desire to give away most of his fortune. In a regulatory filing this week, eBay Read more
A coalition of labor groups and advocacy organizations is calling on Etsy to scrap its tax strategy through which it channels revenue through its subsidiary in Dublin, Ireland. Americans for Tax Fairness (ATF) is contesting Etsy’s status as a so-called Read more
For the top brass at Amazon, equity in the company has long been the primary method of compensation, with salaries and other cash rewards so common to other firms taking a backseat to stock-based rewards. Amazon explains that its compensation Read more
