Daily business news in New York
BROOKLYN — Real estate firm Extell Development Company announced that the company’s first Brooklyn project, Brooklyn Point, has reached a major construction milestone with its topping out. At 720 feet high, the 68-story luxury building has become the tallest in Brooklyn — eclipsing the Hub skyscraper at 610 feet — the previous tallest building in […]
NEW YORK & ARMONK, NY — Private equity firm Centerbridge Partners has struck a deal to buy IBM’s marketing platform and commerce software offerings. The transaction is expected to close in mid-2019, subject to completion of applicable regulatory reviews and customary closing conditions. Terms of the deal weren’t disclosed. After closing, Centerbridge intends to form […]
NEW YORK — 1stdibs.com, which operates a marketplace for luxury furnishings, jewelry, fine arts and vintage fashion, has secured a Series D funding round of $76 million. 1stdibs plans to use the proceeds to invest in its core business, grow adjacent categories, expand internationally and make strategic acquisitions. The round attracted both new and existing […]
NEW YORK – NBC’s Saturday Night Live is back live for the next three Saturdays and has released its upcoming host list. Sandra Oh will make her “Saturday Night Live” hosting debut on March 30. Oh, a Golden Globe and SAG Award winner, stars in BBC America’s “Killing Eve,” which returns for its second season on […]
NEW YORK – Sometimes taxis are just too slow. Helicopter company BLADE said it will begin launching continuous helicopter flights between Manhattan and John F. Kennedy Airport (“JFK”) every weekday from 7:00 am to 7:00 pm for $195 per person. According to the company, the shared flight service will be the largest Urban Air Mobility (“UAM”) initiative […]
NEW YORK — Dow Inc. (NYSE: DOW) is going to replace DowDuPont Inc. (NYSE: DWDP) in the Dow Jones Industrial Average (DJIA) effective prior to the open of trading on Tuesday, April 2, 2019. The Dow Inc. name is not related to the Dow Jones name, which was originally created by journalist Charles Dow, who also founded The Wall Street […]
NEW YORK — Fi, a Brooklyn-based dog technology company, is looking to reinvent the dog collar with GPS tracking and put an end to lost dogs. Fi said it also raised Series A financing of $7 million led by RRE Ventures with participation from existing seed investors Lerer Hippeau, Freestyle VC, and other prominent tech […]
Hudson Yards, a $25 billion development built above rail yards on the West Side of Manhattan, officially opened to the public Friday, marking a historic moment in the City of New York. (Photo Above: The first Neiman Marcus department store in NYC opens at the new Hudson Yards.) New Yorkers and visitors are now able […]
NEW YORK – YieldStreet, the digital wealth management platform that offers access to alternative investments typically only available to institutions, has closed $62 million of Series B equity financing. The round was led by Edison Partners, with participation from Greenspring Associates, and existing investors Raine Ventures and a large multi-billion dollar NY family office. The […]
NEW YORK — Landit, which operates a personalized career platform, has closed $13 million in an oversubscribed Series A funding round led by WeWork and backed by investors including NEA, Valo Ventures, Workday Ventures and Gingerbread Capital. The round also included early seed investors: Cue Ball Capital, XFund, Female Founders Fund, Morgan Stanley, Uprising Investor […]