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FILE - In this Tuesday, May 30, 2017, file photo, the Amazon logo is displayed at the Nasdaq MarketSite, in New York's Times Square. Amazon announced Thursday, Sept. 7, that it has opened the search for a second headquarters, promising to spend more than $5 billion on the opening. (AP Photo/Richard Drew, File)

Georgia names city to attract Amazon

STONECREST, Ga. — Officials from a recently incorporated city outside Atlanta want to shed some of their new municipality's land and rename it Amazon, Ga., in the hopes it will spur the e-commerce giant to locate a second headquarters there.

The Stonecrest City Council voted 4-2 on Monday to de-annex 345 acres of land and to ask the Georgia General Assembly to use it to form the city of Amazon.

"How could you not want your 21st century headquarters to be located in a city named Amazon?" asked Stonecrest Mayor Jason Lary.

Amazon has said it will spend more than $5 billion to build a second headquarters, dubbed HQ2, in North America with as many as 50,000 jobs. The Seattle-based company said it's looking at metropolitan areas with populations of more than a million people, which have the potential to attract top technical talent.

Stonecrest officials plan to submit a bid for Amazon's HQ2 by the company's Oct. 19 deadline. The company expects to make a decision next year.

Stonecrest is located 20 miles east of Atlanta, and is home to about 53,000 residents.

 

Sportsbarn adds Training Zone

Sportsbarn spent three months renovating its location at 301 Market St. in downtown Chattanooga to add a new interval training studio called Training Zone.

Free for Sportsbarn members, Training Zone offers a variety of cardio and strength-training exercises in a group-fitness, instructor-led, 60-minute workout. Training Zone's all-new equipment includes water-rower rowing machines, a TRX weight-training station, state-of-the-art treadmills, and Assault bikes.

"We sent our instructors out to visit studios regionally and to dynamic markets across the country to see what seemed to work or not work," said Sportsbarn's Head of Fitness Teresa Wade. "We believe Training Zone addresses cardio, conditioning and strength in a unique and exciting way."

 

Yahoo says 3 billion hit by 2013 breach

Yahoo has tripled down on what was already the largest data breach in history, saying it affected all 3 billion of its users, not the 1 billion it revealed late last year.

The company announced Tuesday that it's providing notice to additional user accounts affected by the August 2013 data theft.

The breach was previously disclosed by the company in December.

Following its acquisition by Verizon in June, Yahoo says, it obtained new intelligence while investigating the breach with help from outside forensic experts. It says the stolen customer information did not include passwords in clear text, payment card data or bank account information.

 

Ford to cut costs by $10 billion

Ford Motor Co.'s new CEO says the company plans to cut billions in costs and focus its resources on developing trucks, SUVs and electric vehicles as part of a renewed effort to win over skeptical investors.

Jim Hackett, who became Ford's CEO in May, is meeting with around 100 investors in New York Tuesday afternoon to lay out his plans for the future. Hackett and his executive team spent the summer re-evaluating Ford's operations after former CEO Mark Fields was ousted.

Ford says it can reduce material costs by $10 billion by 2022 through new deals with suppliers and less complexity in its designs. The company plans to share more parts between cars and reduce options. For example, customers can now order a Ford Fusion sedan in 35,000 possible combinations. Ford is reducing that to 96.

Ford also says it will cut $4 billion in engineering costs by making fewer prototypes and reducing product development time.

The company plans to reallocate $7 billion from cars to SUVs and trucks, including a new Bronco SUV.

Ford also said it's open to new partnerships, such as its recent agreement with Indian automaker Mahindra Group to cooperate on mobility projects, electric cars and other areas.

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