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New York makes its pitch again for Amazons HQ2

first_img Politics Share your voice An an anti-Amazon HQ2 rally outside New York City Hall. Ben Fox Rubin/CNET Some powerful New Yorkers are trying to get Amazon to bring back HQ2.The New York Times reported Thursday that an open letter will be published in the Times on Friday that asks Amazon to reconsider its decision to walk away from its plan to build a 25,000-employee campus in Long Island City, Queens. The company pulled the plug on the project, dubbed HQ2, following vocal and persistent opposition to the plan after it was announced three months ago.The letter was signed by the CEOs of Mastercard, Warby Parker, Goldman Sachs, Tishman Speyer and Jetblue, among others. The presidents of the Building & Construction Trades Council of Greater New York and state AFL-CIO, which were expecting thousands of construction jobs to come from the project, also signed, as did US Reps. Hakeem Jeffries and Carolyn Maloney.”We know the public debate that followed the announcement of the Long Island City project was rough and not very welcoming,” the letter stated. “Opinions are strong in New York — sometimes strident. We consider it part of the New York charm! But when we commit to a project as important as this, we figure out how to get it done in a way that works for everyone.”New York Gov. Andrew Cuomo has also had several conversations with Amazon, including CEO Jeff Bezos, about bringing back the project, the Times said.The letter and Cuomo’s behind-the-scenes efforts are part of the latest fallout since Amazon abandoned HQ2 in New York. The opposition has celebrated the exit as a victory for grassroots campaigns and a stand against lavish government incentives for new development plans. Amazon was slated to get about $3 billion in tax breaks for building the project. Supporters, who weren’t as vocal during the run-up to Amazon leaving, expressed shock and consternation about Amazon’s decision and worried that New York would appear unfriendly to new businesses.While the business community was broadly seen as in favor of the project, the letter shows how both the camps supporting and opposing HQ2 included unions and Democratic US congress members. Unlike Jeffries and Maloney, US Rep. Alexandria Ocasio-Cortez spoke against the HQ2 plan. Amazon declined to comment for this story, but the Times said Thursday that “Amazon executives gave no sense that it would reconsider.”The company is moving forward with the other half of the HQ2 project, which will be located in Arlington, Virginia. The company also faces public opposition to that project, too, though it appears to be smaller. Post a comment Amazon 0 Tagslast_img read more

French Oil Giant Total Loses CEO to Plane Crash

first_imgChristophe de Margerie, the chief executive officer (CEO) of French oil giant Total, died in a plane accident in Moscow on Tuesday, an official said.De Margerie and three crew members were killed when the plane they were on collided with a snow-clearing machine at Moscow’s Vnukovo International Airport, Xinhua quoted an airport spokeswoman as saying.”A plane crashed when it collided with a snow-clearing machine. Three crew members and a passenger died. I can confirm that the passenger was Total’s head de Margerie,” said spokeswoman Elena Krylova.The collision occurred during the takeoff of the Dassault Falcon business jet bound for Paris with de Margerie on board on Monday midnight Moscow time, according to the airport.Total has also confirmed the death of its CEO in the plane crash in a statement, but said the accident had left a total of five people dead.As one of the most recognisable figures among the world’s top oil executives, de Margerie, 63, was on a list of attendees at a Russian government meeting on foreign investment in Gorki near Moscow Monday.Total is the fourth largest by market value of the western world’s top oil companies behind Exxon, Royal Dutch Shell and Chevron, and also one of the top foreign investors in Russia, which accounted for about 9 percent of Total’s oil and gas output in 2013.last_img read more

Domestic car sales rose 5 in February Sensex sheds 100 points after

first_imgVehicles move past the India Gate war memorial in New Delhi, India, October 1, 2016 (representational image).Reuters file11.38 AM IST: The Sensex and Nifty pared gains after a bullish opening driven by investors cheering results of exit polls that gave the BJP a clear edge over rivals in the key state of Uttar Pradesh. The Sensex was up 24 points at 28,854. Domestic car sales rose 4.9 percent in February to 1,72,623 units while overall passenger sales increased 9 percent to 2,55,359 units, the PTI reported, citing data released by automobile industry body Siam.However, two-wheeler sales remained almost flat at 13.62 lakh units.The Auto index on the BSE was up 0.17 percent. 9.15 AM IST: Stock markets open with a bang, on expected lines in response to the exit poll predictions. The BSE Sensex gained 124 points to reach 29,053 while the NSE Nifty was trading 37 points higher at 8,964. Top Sensex gainers were Hero Motocorp, Adani Ports, GAIL (India) and TCS.Wipro was trading 0.94 percent higher at Rs 488, GAIL was down 0.29 percent at Rs 378 after going ex-bonus on Thursday (ratio was 1:3), Dr Reddy’s Labs was trading 0.29 percent higher at Rs 2,716 despite receiving more than 10 observations after inspection by the US FDA of its manufacturing unit at Duwada, Visakhapatnam.Exit polls by various agencies give close to 180 seats to the Bharatiya Janata Party (BJP) in the recently-concluded Uttar Pradesh Assembly elections. This could trigger a rally on Indian stock markets. The actual results will be declared on Saturday (March 11), but the party seen as falling short of a clear majority could dampen sentiments for investors.The best possible outcome for the BJP is 251-279 seats predicted by the India Today-Axis My India Poll, placing the saffron party far ahead of the Samajwadi Party-Congress coalition’s 88-112 seats.The Times Now-VMR Exit Poll says the BJP could win 190-210 seats, while the Samajwadi Party-Congress is likely to bag 110-130 seats. The BSP may finish with 57-74, in the 403-member Assembly. Another exit poll, by NewsX-MRC, predicted the BJP to win 185 seats with the Samajwadi Party-Congress finishing second at 120 and the BSP at 90 seats. ABP-Lokniti exit poll gave 164-176 seats to the BJP and 156-169 to the Samajwadi Party-Congress.India TV-C Voter said the BJP will get 155-167 seats while the Samajwadi Party-Congress coalition would finish with 135-147 seats. The poll of polls gave the BJP 179 seats, SP-Congress 136 and the BSP 77 seats.On Thursday, the BSE Sensex closed 27 points higher at 28,929 while the NSE Nifty gained 3 points to end at 8,927. Top gainers on the BSE included Unichem Labs, Inox Wind, Balrampur Chini Mills, SpiceJet and Dish TV.Foreign institutional investors (FIIs/FPIs) scaled down their purchases after spell of huge purchases in the past few days and were net buyers of Indian equities worth Rs 488 crore, according to provisional data published by the National Stock Exchange (NSE). “There was a positive sentiment in the market as continued FIIs buying and hope of GST implementation. Global markets were not encouraging on expectation of US Fed rate hike in 15th March policy meeting. Both Hong Kong and China Index declined 1% each on account of China reporting poor CPI numbers,” brokerage Motilal Oswal Securities said in a note on Thursday.Another analyst advised caution ahead of results. “Tomorrow being the last day before the actual outcome, we would expect some volatility in the market. Hence, it’s advisable to avoid the momentum trading as the market may give few whipsaws.,” Sameet Chavan, Chief Analyst, Technical & Derivatives, Angel Broking.On Wednesday, FIIs were net buyers of stocks worth Rs 3,573 crore, preceded by Rs 920 crore on Tuesday and Rs 564 crore on Monday.The rupee closed at 66.71 to the US dollar on Thursday, unchanged from its previous close. Gold prices closed Rs 250 lower at Rs 29,250 per 10 gm.last_img read more