Daily business news in New York
BROOKLYN — New York Cancer & Blood Specialists (NYCBS) is partnering with The Brooklyn Hospital Center (TBHC), an independent community hospital, to build a new comprehensive cancer care facility, The Brooklyn Cancer Center. The newly created center will be located at 523 Fulton Avenue in Downtown Brooklyn and is expected to be complete during the 4th quarter of […]
Lululemon, maker of athleticwear, has agreed to acquire MIRROR, an in-home fitness company based in NY that features live and on-demand classes with its two-way mirror screen, for a purchase price of $500 million. MIRROR’s primary product is a device that sells for $1,495 and can be placed in your home, apartment or almost anywhere […]
PURCHASE, NY – Mastercard announced it has entered into an agreement to acquire Finicity, a Utah-based provider of real-time access to financial data and insights. Mastercard will pay $825 million for the company, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met. […]
NEW YORK – SevenRooms, which operates a reservation management system for restaurants and hotels, has raised a $50 million Series B funding round led by Providence Strategic Growth (“PSG”). This latest funding will support SevenRooms’ continued global expansion and enable the company to further enhance the industry’s only end-to-end guest experience platform focused on helping […]
NEW YORK — Doorkee, which operates an all-in-one digital platform in NY for landlords and tenants, has raised $5.7 million in early-stage funding. The seed round was led by New York City landlord Simon Baron Development and early-stage venture capital firms Corigin Ventures and Alpha Edison. Investors in the round also included landlords Stonehenge NYC and Bushburg Properties. Co-founders John Fagan, […]
NEW YORK — Macy’s, Inc., the nation’s largest department store chain, says it’s fighting for survival due to store closures and the coronavirus pandemic. The company announced details of a restructuring that will trim its costs with lower sales as the business recovers from the closure of stores from March 18 through May 4, 2020 […]
With business travel down in the dumps due to the pandemic, JetBlue is looking to add 30 routes this summer and fall to serve customers in markets where leisure and VFR (visiting friends and relatives) travel is showing some signs of strength. The new routes offer JetBlue the opportunity to generate revenue, bring aircraft back […]
Starbucks, the nation’s leading coffee chain, is now selling the Impossible Breakfast Sandwich as part of its new summer menu alongside new cold coffee beverages. The Impossible Breakfast Sandwich features Impossible Sausage Made from Plants, which is combined with a cage-free fried egg and aged cheddar cheese and served on an artisanal ciabatta bread. The […]
ENDICOTT, NY — BAE Systems has been selected by New York City Transit Authority to supply 435 electric hybrid power and propulsion systems for its new fleet of transit buses, reducing carbon emissions and fuel consumption. “We are committed to collaborating with New York as it strives to reduce transportation emissions and improve air quality in […]
NEW YORK — Modell’s Sporting Goods is resuming going-out-of-business sales at 107 of its remaining stores following coronavirus shutdowns. A joint venture of Tiger Capital Group, Great American Group and SB360 Capital Partners is conducting the sales on behalf of the New York-based retailer in accordance with state and local social distancing and sanitation guidelines. Founded in 1889, […]