Funding

Paxos Grows With $65 Million

NEW YORK — Paxos, a financial technology company utilizing blockchain, has closed a $65 million Series B round of financing. The round was led by existing investors including Liberty City Ventures, RRE Ventures, Jay Jordan and others. Paxos has now raised a total of $93 million in capital to date. The company is using the new resources to significantly scale operations and […]

Airlines

Southwest Adds New Flights From LGA

Southwest Airlines, the nation’s busiest airline, is expanding service from New York’s LaGuardia (LGA) Airport beginning this fall. Beginning Nov. 4, 2018, Southwest will add new nonstop service between: New York (LaGuardia) and New Orleans New York (LaGuardia) and West Palm Beach, Fla.* New York (LaGuardia) and Orlando* *Service is offered on Saturdays beginning Nov. […]

Airlines

United Opens Polaris Lounge at Newark Airport

NEWARK, NJ — Starting on June 4, customers traveling in United Polaris, the airline’s international premium cabin travel experience, will be able to relax and dine before their travels in the new United Polaris lounge at Newark Liberty International Airport that seats up to 455 people. The new United Polaris lounge is located in Terminal […]

Government Transportation

NYC to Designate 309 Parking Spots for Carsharing

NEW YORK — Mayor Bill de Blasio announced that the City will dedicate 309 parking spots to carshare programs: the NYC DOT will dedicate 285 parking spaces through the DOT NYC Carshare pilot for Zipcar and Enterprise CarShare vehicles on streets in select neighborhoods as well as in DOT municipal parking lots, while NYCHA will […]

Restaurant

Chick-Fil-A to Build 3 More NYC Stores

Fast food chain Chick-fil-A is continuing to expand into Manhattan. The Atlanta-based company plans to open three new Manhattan locations at 918 8th Avenue (Midtown), 700 6th Avenue (Flatiron District) and 711 Lexington Avenue (Midtown East). The restaurants are expected to open in late 2018 and early 2019. There are currently four Chick-Fil-A restaurants in […]

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 […]