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New York City-run homeless shelters are part of a system that costs Department of Homeless Services (DHS) of the city about $360 million every year. According to a city Department of Investigation report, sometimes the agency pays well above neighborhood market rates for those apartments.

The Department of Investigation found that the largely privately-run shelters that house more than 10,000 homeless families are in dangerous conditions. The report stated that DHS didn't work to improve the current condition of shelters. At its worst, the agency has turned blind eye to violations that threaten the lives of people that are living in those shelters, as per the report. The report has also called for stiffer inspections and repairs.

Michelle fans would be disappointed as the hip hop artist's this month's concert's at the Washington Avenue Armory has been cancelled.

The Armory on Thursday announced that it has suspended shows due to foreseeable future, while its owners, the city and state Department of State investigate security procedures in the aftermath of six stabbings and an assault at a concert by Migos, a hip hop group.

It has been found that three Albany residents named Dywuan Blunt, 21, Nyguel Williams, 17, and Da-Min Germon, 17, has been charges with felony first-degree riot after the fight.

Blunt was accused Thursday and was sent to the Albany County jail without bail, according to City Court records. Williams and Germon were released on Sunday under supervision.

Virginia-based Retailer of hardwood flooring Lumber Liquidators said that it is going to pay for the safety testing of laminate floors for customers in order to help ease concerns.

Toano, Virginia, company has grown to become one of the largest retailers of hardwood flooring in the US. The company has discussed about the issues raised following a '60 Minutes' report. According to the report, laminate flooring of the company that was made in China had high levels of formaldehyde, a carcinogen.

Earlier this month, it has been said that laminate flooring of the company did not meet California's standards. But according to Lumber Liquidators, it fulfills all regulations for its products.

Fewer companies have upgraded their personal computers owing to which Intel Corp has sliced almost $1 billion from its first-quarter revenue forecast. Intel Corp.'s shares declined by more than 5% after the lower-than-expected revenue guidance from the chipmaker.

Less number of companies replaced desktop computers that were running on outdated Microsoft operating systems, which led to weak demand for its chips. Intel said that it is difficult challenging macroeconomic and currency conditions, especially in Europe.

A source at Chinese e-commerce company Alibaba Group Holding Limited has revealed that the popular ecommerce platform is planning to invest about $200 million in photo messaging application Snapchat. According to the source, the deal will help the company grow its mobile business.

According to reports of Bloomberg, the $200 million investment will value Snapchat at about $15 billion. The latest valuation for Snapchat is impressive considering the fact that it was offered $3 billion by Facebook in 2013.

People familiar with the matter said that the deal will help Alibaba improve its presence in the United States market this year. The move will allow American retailers a new way to sell to China's middle class.

According to a US Department of Energy report, wind power could produce a fifth of the country's electricity by 2030, which is 4.5% more than today. It has been found that wind could become one of the top sources of electricity in America.

According to the report, titled as 'Wind Vision: A New Era of Wind Power in the United States', compiled by the US Department of Energy', wind could provide 20% of the US's electricity by 2030, and 35% by 2050. The report also tells about targets for growth and according to the estimates, these could be easily achieved over long term. And US wind power could be doubled in the next five years with proper policies, according to the report.