Amazon dumps New York City as new site

Amazon abruptly abandoned plans for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and others objected to the nearly $3 billion in tax incentives promised to the company. “We are disappointed to have reached this conclusion — we love New York,” the online giant said in a blog post, adding that it already has 5,000 employees in the city and plans to increase that number. The stunning reversal was a serious blow to Governor Andrew Cuomo and Mayor Bill de Blasio, who had lobbied intensely to land the project. The Seattle company had planned spend $2.5 billion building its new offices.