The daily business briefing: September 8, 2017

Amazon looks for second home, Equifax reports data breach affecting 143 million people, and more

The Amazon Seattle headquarters
(Image credit: Getty Images)

1. Amazon seeks second home to meet demands of fast growth

Amazon said Thursday that it would build a second headquarters in North America to house up to 50,000 employees. The online retail giant said it would spend more than $5 billion on its second home, which CEO and founder Jeff Bezos said would be "a full equal" to its sprawling current base in Seattle. The announcement underscored Amazon's rapid growth and the challenges it presents as the company tries to find qualified recruits, and put them to work. Leaders in Chicago, Philadelphia, Toronto, and other cities said they planned to propose Amazon set up shop in their communities. Interested towns have just over a month to register on a special website. Amazon plans to make its decision in 2018.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.