News

MGM Buying Empire City Casino for $850 Million

MGM Resorts, owner of the MGM Grand casino in Las Vegas and 28 casinos around the country, has agreed to purchase the Empire City Casino in Yonkers and racetrack for $850 million. MGM Resorts is purchasing the facility with its real estate investment trust MGM Growth Properties (MGP).  MGM Resorts and MGP have entered into an […]

Airlines

Delta to Launch Orange County-JFK Flights

Delta Air Lines, New York City’s leading carrier with 500 daily flights, is launching new nonstop service from JFK to Orange County, CA starting on Oct. 15. This new flight, the only nonstop from New York to John Wayne Airport, provides another link between Southern California and the Big Apple and follows on Delta’s increased […]

Retail

Saks Opens New Beauty Floor in NY

NEW YORK — Luxury retailer Saks Fifth Avenue has opened a new, 32,000-square-foot beauty space on the second floor of its New York Flagship store on Fifth Avenue which features more than 120 color cosmetics, skincare, fragrance and wellness brands  — 58 of which are new to the floor. With a significant focus on experiences, […]

News

Accenture to Spend $200 Million on Education, Training

NEW YORK — Consulting firm Accenture plans to spend more than $200 million over the next three years to help train and educate disadvantaged people with job skills for the digital age. “As a technology leader, we have an obligation to apply new scalable technology solutions to help solve complex societal challenges,” said Pierre Nanterme, […]

Funding

Cuebiq Secures $27 Million From Goldman Sachs

NEW YORK — Cuebiq, a developer of offline location intelligence, has secured $27 million in Series B financing co-led by Goldman Sachs Principal Strategic Investments (PSI), Nasdaq Ventures, DRW Venture Capital, Tribeca Venture Partners and existing investors Tribeca Angels and TLcom Capital. In connection with the financing, Brian Hirsch, co-founder and Managing Partner at Tribeca […]

Government

Mayor Says 5,000 Miles of City Roads Repaved

NEW YORK — Mayor Bill de Blasio announced this week that New York City had this week paved its 5,000th lane-mile since 2014. That’s over 1/4 of the 19,000 total lane-miles citywide, long enough for a road to Las Vegas and back. The increased repaving has driven down potholes 44 percent. The Mayor made the […]

Magazine Media

WSJ Partners With National Geographic on New Magazine

National Geographic and The Wall Street Journal are teaming up to launch Far & Away, a print magazine for business travelers. The first issue will be distributed with the Saturday May 19thedition of The Wall Street Journal. Far & Away combines the insights of The Wall Street Journal with the visual storytelling of National Geographic. The […]

Airlines

United Adding More Flights From Newark

NEW YORK — United Airlines (UAL) is expanding its schedule this fall at its East Coast hubs in New York/Newark Airport and Washington–Dulles. United serves more destinations at Newark Airport than any other carrier from the New York City metro area. Additionally, the changes to its Washington–Dulles schedule will offer more customers easy access to the nation’s capital and seamless connections to flights throughout the United States, Canada, Europe, Asia and […]

Funding

Maisonette Closes $15 Million First Funding Round

NEW YORK — Maisonette, an online destination for baby and children’s fashion, has completed an oversubscribed $15 million Series A round of financing. The company’s previous seed investor, New Enterprise Associates (NEA) has returned to lead Maisonette’s first official round of funding. Pritzker Group Venture Capital and John Fisher of Draper Fisher Jurvetson are new investors in this round. Additional investors […]

News

E-Trade Reports April Trading Activity

NEW YORK — E*TRADE Financial Corporation has released its Monthly Trading Activity Report for April 2018. Daily Average Revenue Trades (DARTs) for April were 249,939, a 12 percent decrease from March and a 28 percent increase from the year-ago period. Derivatives represented 35 percent of DARTs during the month. The Company added 188,056 gross new […]