Legal

Law Firm White & Case Elects 40 New Partners

NEW YORK — White & Case LLP, an international law firm based in NY, has promoted 40 lawyers around the world to its partnership. The promotions are effective on January 1, 2021 and represent 11 of the Firm’s global practices and 17 locations. White & Case has more than 2,000 lawyers in 30 countries. “Our new […]

Retail

Whole Foods to Offer Free One-Hour Grocery Pickup

Whole Foods, a division of Amazon, is now offering free, one-hour pickup at all U.S. locations for Amazon Prime members. Prime members can shop thousands of bestselling items including fresh produce, high-quality meat and seafood, holiday favorites, everyday staples, and other locally sourced items all available with free, one-hour pickup on orders of $35 or […]

Retail

JBL Opens Flagship Store in SoHo

NEW YORK — Harman, a subsidiary of Samsung Electronics Co, has opened its first JBL-branded retail store, and the second New York City location for HARMAN. Newly built in the SoHo neighborhood and located at 19 E. Houston Street (the corner of Houston and Crosby), the nearly 2,000 square foot-flagship space gives shoppers access to […]

News

CVS Health to Hire 15,000 Workers

WOONSOCKET, RI — CVS Health, which operates one of the largest drug store chains in the country, announced that it is recruiting to fill 15,000 jobs over the next month. These new and existing positions will help the company continue to respond to the needs of communities across the country during the fall and winter months […]

News

Fortune Names 50 Most Powerful Business Women

NEW YORK — FORTUNE magazine has released the 2020 edition of its Most Powerful Women in Business list, which includes 16 FORTUNE 500 CEOs, and the return of Jane Fraser, who in February 2021 will become the first woman to head a major U.S. bank. Top honors go to Accenture CEO Julie Sweet for the first time. Jane Fraser is featured […]

Banks Funding

Payment Service Clair Lands $4.5 Million Seed Round

NEW YORK — Clair, an early stage fintech startup based in New York City, wants America’s 82 million hourly workers and 57 million gig workers to get paid instantly. Clair has raised a $4.5 million seed round led by Upfront Ventures, with participation from Founder Collective and Walkabout Ventures. Former Venmo COO Michael Vaughan and Seamless Founder Paul […]

Funding

Grid AI Emerges From Stealth With $18.6 Million

NEW YORK –Grid, a company pushing new state-of-the-art standards in artificial intelligence (AI), announced that it has raised $18.6 million in Series A funding led by Index Ventures with participation from Bain Capital Ventures and Firstminute. Grid enables companies of all sizes to train state-of-the-art AI models on hundreds of cloud GPUs and TPUs. Grid’s […]

Funding

Common Co-Living Service Raises $50 Million

NEW YORK — Common, a residential brand that designs, leases, and manages multifamily properties that appeal to today’s renters, has raised a $50 million Series D funding round led by Swedish investor Kinnevik and with participation from existing investors Norwest Venture Partners, 8VC and Maveron. Additional new investors in the Series D round include Wilshire Lane […]

Construction Real Estate

SL Green Tops Off 185 Broadway in Lower Manhattan

NEW YORK — Developer SL Green Realty announced the topping off of 185 Broadway, a 34-story, mixed-use building in Lower Manhattan. The milestone moment for the ground-up development comes on schedule and under budget, despite the challenges this year from the COVID-19 pandemic. Once completed, the property (See Artist Rendition Above) will be the area’s […]

News

Bristoly Myers Squibb Buys MyoKardia for $13.1 Billion

NEW YORK — Bristol Myers Squibb has agreed to buy MyoKardia, a pharmaceutical company based in Brisbane, CA. Bristol Myers Squibb will pay $13.1 billion, or $225.00 per share in cash. Shares in MyoKardia soared $80.74 after the news to close at $220.34 Monday — a 57% increase. Bristol Myers shares went up just 0.51 […]