Business News at a Glance
Posted November 13, 2018 9:51 p.m. EST
In New York and Virginia, Amazon Is Sold on a Deal
Amazon’s deal for a massive technology center in Queens, in Long Island City, was announced Tuesday, after the company concluded a 14-month, countrywide search for a location for a second headquarters for some 50,000 well-paid tech workers. Amazon, which ended up picking two sites and dividing the new workers between them, is also opening a huge corporate site in Arlington, Virgnia, in an area across the Potomac River from Washington. The company said that the size and quality of the winners’ labor pools decided the competition. Amazon was also offered more than $2 billion in tax incentives from New York and Virginia.
CNN Sues Trump Administration for Barring Acosta From White House
CNN sued the Trump administration Tuesday in an effort to reinstate the press credentials of its chief White House correspondent, Jim Acosta. In a lawsuit filed in U.S. District Court, the network argued that the removal of Acosta’s White House press pass constituted a violation of his First Amendment rights to freely report on the government. CNN also asserted that the administration had violated Acosta’s due process rights guaranteed by the Fifth Amendment. Acosta angered the president at a news conference last week with questions about immigration and the special counsel’s investigation. A hearing on the lawsuit was set for Wednesday at 3:30 p.m.
Juul to Stop Selling Most E-Cigarette Flavors in Stores to Curb Use by Youths
Juul Labs announced Tuesday it would suspend sales of most of its flavored e-cigarette pods in retail stores. The decision by the San Francisco-based company, which has more than 70 percent of the e-cigarette market share in the United States, is a sign of retrenchment by an industry that set out to offer devices to help smokers quit but now shoulders blame for a new problem: nicotine addiction among nonsmoking teens. The Food and Drug Administration is expected later this week to announce a ban on sales of flavored e-cigarettes in convenience stores and gas stations and strengthen the requirements for age verification of online sales of e-cigarettes.
For University of Minnesota, Chinese Tycoon’s Arrest Shines Light, Again, on Sexual Assault
When Chinese billionaire Richard Liu was arrested two months ago in Minneapolis on suspicion of rape, he wasn’t in town for business. Liu, a 45-year-old internet tycoon, was a student at the University of Minnesota. As prosecutors weigh whether to charge Liu, the case represents a setback for a university that has made progress on how it handles sexual misconduct. In recent years, the university has dealt with a series of sexual assault and harassment episodes. Now, the university is once again in the national conversation, and the focus this time is on a relatively new and lucrative academic program aimed at Asian executives.
Amazon Will Get at Least $1.7 Billion to Come to Queens. Now Comes the Fight Over Whether It’s Worth It.
To attract Amazon, New York’s leaders agreed to remake plans for the Queens waterfront, move a distribution center for school lunches and provide a sweeping package of $1.7 billion in incentives from the state and hundreds of millions more from the city. The company has agreed to follow city guidelines for the design of its outpost in Long Island City. But gone is the city’s vision of a mixed-use community filled with apartments, some of them for residents of more modest means. In its place will rise office buildings that will house 25,000 or more workers. In some quarters of Queens, opposition was quickly building.
European Union, Settling a Cheese Duel, Says Taste Can’t Be Copyrighted
A Dutch cheese company tried to claim that it had a monopoly on the taste of a cheese spread. The Court of Justice of the European Union weighed arguments from two competing food producers and decided Tuesday that a taste cannot be copyrighted. Levola Hengelo, a Dutch food producer, had sued Smilde Foods, another Dutch manufacturer, for infringing its copyright over the taste of a cheese spread. The Levola product, known as Heks’nkaas, or Witches Cheese, is made of cream cheese and herbs and vegetables. Smilde’s herbed cheese dip, which contained many of the same ingredients, was called Witte Wievenkaas, a name that also makes reference to witches.