Cheddar Afternoon Business Update 9/7: Amazon searches for second headquarters in North America

Posted: Updated:
NEW YORK -

Amazon is searching for a second headquarters to be built somewhere in North America.

The company is planning to invest more than $5 billion to open the new location, with the capacity to employ 50,000 people. Its desired location is near a city with a population of more than 1 million people and within 45 minutes of an airport.

Meanwhile, Hulu and Spotify are joining forces to provide music and TV streaming services through one subscription plan. The plan is currently only open to college students for $4.99 a month.

Finally, Disney CEO Bob Iger has set a 2019 launch date for the company's streaming service that will have exclusive rights to Pixar, Disney and “Star Wars” films.

  • BusinessMore>>

  • Science and commercial satellites launched from California

    Science and commercial satellites launched from California

    Tuesday, May 22 2018 4:02 PM EDT2018-05-22 20:02:47 GMT
    Wednesday, May 23 2018 10:56 AM EDT2018-05-23 14:56:52 GMT
    (Bill Ingalls/NASA via AP). In this photo provided by NASA, The SpaceX Falcon 9 rocket is seen with the NASA/German Research Centre for Geosciences GRACE Follow-On spacecraft and onboard, Monday, May 21, 2018, at Space Launch Complex 4E at Vandenberg A...(Bill Ingalls/NASA via AP). In this photo provided by NASA, The SpaceX Falcon 9 rocket is seen with the NASA/German Research Centre for Geosciences GRACE Follow-On spacecraft and onboard, Monday, May 21, 2018, at Space Launch Complex 4E at Vandenberg A...
    A SpaceX Falcon 9 rocket carrying two U.S.-German science satellites and five commercial communications satellites has blasted off from the central California coast.
    A SpaceX Falcon 9 rocket carrying two U.S.-German science satellites and five commercial communications satellites has blasted off from the central California coast.
  • Hawaii geothermal plant plugs wells as lava flows nearby

    Hawaii geothermal plant plugs wells as lava flows nearby

    Wednesday, May 23 2018 2:03 AM EDT2018-05-23 06:03:00 GMT
    Wednesday, May 23 2018 10:56 AM EDT2018-05-23 14:56:36 GMT
    (AP Photo/Jae C. Hong). A a geothermal plant is seen from the Leilani Estates subdivision near Pahoa, Hawaii, Tuesday, May 22, 2018. Authorities were racing Tuesday to close off production wells at the plant threatened by a lava flow from Kilauea volca...(AP Photo/Jae C. Hong). A a geothermal plant is seen from the Leilani Estates subdivision near Pahoa, Hawaii, Tuesday, May 22, 2018. Authorities were racing Tuesday to close off production wells at the plant threatened by a lava flow from Kilauea volca...
    Production wells at a geothermal plant under threat by lava flowing from Hawaii's volcano have been plugged to prevent toxic gases from seeping out.
    Production wells at a geothermal plant under threat by lava flowing from Hawaii's volcano have been plugged to prevent toxic gases from seeping out.
  • Italy's president summons Conte for talks on forming govt

    Italy's president summons Conte for talks on forming govt

    Wednesday, May 23 2018 10:53 AM EDT2018-05-23 14:53:18 GMT
    Wednesday, May 23 2018 10:55 AM EDT2018-05-23 14:55:52 GMT
    (AP Photo/Alessandra Tarantino). In this photo taken on Thursday, March 1, 2018, Giuseppe Conte smiles during a meeting in Rome. Italy edged toward its first populist government Monday as the eurosceptic 5-Star Movement and the right-wing League indica...(AP Photo/Alessandra Tarantino). In this photo taken on Thursday, March 1, 2018, Giuseppe Conte smiles during a meeting in Rome. Italy edged toward its first populist government Monday as the eurosceptic 5-Star Movement and the right-wing League indica...
    Italy's president summons premier candidate Conte for talks on forming a government.
    Italy's president summons premier candidate Conte for talks on forming a government.
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."