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Yahoo BusinessDec 07, 2019
AOC, Sanders Say I Told You So, as Amazon, Facebook Come to NYC
(Bloomberg) -- Democratic Representative Alexandria Ocasio-Cortez and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc. and other technology giants leased millions of square feet of office space in New York City -- without the billions of dollars in government support that Amazon tried to negotiate earlier this year.Amazon signed a lease on Friday for 335,000 square feet in the Hudson Yards neighborhood, enough space for more than 1,500 workers. The largest U.S. e-commerce company said it wasn't getting tax benefits or other incentives.A few weeks earlier, Facebook Inc. leased more than 1.5 million square feet in the city, and the social-networking giant is looking for 700,000 more square feet, according to the Wall Street Journal. Google is also in the midst of a major expansion in the city, adding thousands of employees in coming years.The moves suggest that New York's deep pool of talented workers is still attracting tech companies even after Amazon abandoned a much larger expansion in the area following fierce public criticism of almost $3 billion in tax breaks and subsidies promised to the company.https://t.co/AC64pG0nZI pic.twitter.com/xzCepkX4AV— Alexandria Ocasio-Cortez (@AOC) December 6, 2019 Ocasio-Cortez, who represents parts of the Bronx and Queens, was a vocal critic of Amazon's doomed HQ2 deal, and she tweeted that the company's recent lease proved she was right.Sanders, who has slammed Amazon for warehouse working conditions and the company's low f

Yahoo BusinessDec 07, 2019
PG&E Reaches $13.5 Billion Settlement With Wildfire Victims
(Bloomberg) -- PG&E Corp. reached a $13.5 billion settlement with victims of wildfires ignited by its power lines, a major step toward resolving the biggest utility bankruptcy in U.S. history.The agreement will cover claims stemming from some of the worst fires to hit Northern California, including the 2017 wine country fires and the 2018 Camp Fire, the company said in a emailed statement. The 2015 Ghost Ship fire and the 2017 Tubbs fire are also covered, although the utility doesn't admit fault for either blaze, PG&E said.The payout to victims will be financed through cash, stock in reorganized PG&E and monetization of the company's net operating losses, according to attorneys representing wildfire victims. The deal will require approval by California Governor Gavin Newsom and the bankruptcy court.The deal is a victory for PG&E, which has spent months trying to negotiate a viable restructuring plan to emerge from bankruptcy by the middle of next year. U.S. Bankruptcy Judge Dennis Montali had ordered parties into mediation after settlement talks between victims and the company stalled."From the beginning of the Chapter 11 process, getting wildfire victims fairly compensated, especially the individuals, has been our primary goal," PG&E Chief Executive Officer Bill Johnson said in the statement. "We want to help our customers, our neighbors and our friends in those impacted areas recover and rebuild after these tragic wildfires."The utility has already agreed to pay $11 billion to insurers and investors, although that pact has been contested by the governor's office, saying it locks claim holders into a restructuring plan that may not win approval. The company also has

Google Business NewsDec 07, 2019
Trump thanks Iran for releasing American grad student: 'We can make a deal' - CNBC
Trump thanks Iran for releasing American grad student: 'We can make a deal'  CNBCAmerican graduate student held in Iran on spy charges since 2016 released  Fox NewsAmerican student held prisoner since 2016 released in US-Iran prisoner swap  CNNIran frees one American hostage, but others cannot be forgotten  The Washington Post

Yahoo BusinessDec 06, 2019
Is AstraZeneca plc (AZN) Going to Burn These Hedge Funds?
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees in 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]

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