Feb 15 Amazon’s exit could scare off tech companies from New York By Michael R. Sisak, Josh Boak, Associated Press Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax breaks and the company's anti-union stance. Continue reading
Feb 14 Watch 8:47 Political, business dynamics prompt ‘stunning reversal’ on Amazon NYC headquarters Amazon abruptly announced Thursday that it will not build a headquarters in New York, after some local politicians expressed strong opposition toward the company’s plan. The “stunning reversal” is a major blow to the politicians who helped broker the deal,… Continue watching
Feb 14 Amazon ditches New York headquarters By Associated Press The online retailer has faced opposition from some New York politicians, who were unhappy with the tax incentives Amazon was promised. Continue reading
Feb 08 National Enquirer says it will investigate Jeff Bezos extortion claims By Michael Balsamo, Zeke Miller, Associated Press The publisher of the National Enquirer said Friday it will look into claims of extortion and blackmail made by Amazon CEO Jeff Bezos, who said the tabloid threatened to publish intimate photos of him unless he stopped investigating how the… Continue reading
Jan 17 Watch 9:11 Why tech industry monopolies could be a ‘curse’ for society By Paul Solman In the early 20th century, Standard Oil was broken up because of its vast power. Today, many think Facebook, Google or Amazon present similar threats, but they proceed unchallenged. In "The Curse of Bigness," law professor Tim Wu argues that… Continue watching
Dec 13 Apple to build $1 billion campus in Austin, expand elsewhere By Michael Liedtke, Will Weissert, Matt O'Brien, Associated Press Apple's investment, which will create at least 5,000 jobs ranging from engineers to call-center agents, adds to a city that has already become a bustling tech hub. Continue reading
Nov 19 U.S. stocks slide as tech, internet companies sustain big losses By Marley Jay, Associated Press Apple, Microsoft and Amazon, the most valuable companies on the market, saw some of the worst losses Monday. Continue reading
Nov 14 Amazon’s NYC headquarters in ‘opportunity zone’ eligible for GOP tax breaks By Bernard Condon, Stephen Braun, Associated Press The New York City neighborhood Amazon chose for one of its new headquarters offers developers capital gains tax breaks to invest in high-poverty, low-income areas. Continue reading
Nov 13 Watch 9:53 News Wrap: Amazon to split headquarters between Virginia and New York Tuesday in our news wrap, Amazon announced it will split its new headquarters between Crystal City, Virginia, and Long Island City in Queens, New York. The retail giant pledged to spend more than $5 billion dollars on the sites and… Continue watching
Nov 13 Amazon names New York, Virginia as two locations for new headquarters By Joseph Pisani, Associated Press New York officials are expected to address Amazon's decision on new headquarters in a briefing at 1 p.m. ET today. Watch their remarks here. Continue reading