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GE And Amazon Scrap Headquarters Plans In Boston, Queens07:45
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The General Electric logo appears above a trading post on the floor of the New York Stock Exchange. (Richard Drew/AP)
The General Electric logo appears above a trading post on the floor of the New York Stock Exchange. (Richard Drew/AP)

General Electric says it's not going to build a new headquarters in Boston's Fort Point neighborhood, after all. The company will sell the property it bought there, and give back some $87 million of tax incentives to the state.

Amazon is also calling off its engagement to New York. Facing community opposition, the tech giant says it won't put a second headquarters in Queens. Amazon says it's moving ahead with its other HQ2 site in Virginia, but won't look for another suitor to replace Long Island City.

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Zeninjor Enwmeka, WBUR Bostonomix reporter. She tweets @Zeninjor.

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