Amazon cancels plans to build New York headquarters

"After much thought and deliberation, we've decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens," Jodi Seth, an Amazon spokeswoman, said in a statement.

Amazon selected New York City and Northern Virginia in November to split duty as its second headquarters (nicknamed HQ2) after a year-long search. Each city was expected to have more than 25,000 workers over time.

This is a developing story. More to come...

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