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Macy's tentative agreement averts strike in NYC
New York City -- Macy's and some 4,000 of its New York-area workers said Thursday they have reached a tentative contract agreement after a night of negotiations.
The agreement, if ratified, will avert what could have been the department store chain's first strike in nearly 40 years.
"Following an all-night negotiating session, Macy's is pleased to have reached a tentative agreement with Local 1-S of the RWDSU on a new five-year agreement," Jim Sluzewski, Macy's spokesman, said.
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Johnson’s departure leaves Apple without retail head
New York City -- Ron Johnson’s decision to leave Apple, where he serves as senior VP of retail, to take the reins of J.C. Penney Co. leaves the tech giant without a retail chief as it begins to ramp up its international expansion.
Apple plans to open 40 stores this fiscal year, with almost three-quarters of them outside the United States, the company announced in April. A big growth area is Asia.
Apple has said very little with regards to its plans to replace Johnson.
