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 […]
Author: Editor
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 […]
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 […]
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 […]
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 […]
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 […]
NY Times Hires New Sunday Business Editor
The New York Times has hired Nick Summers as its new Sunday Business Editor. Nick joins The Times from Bloomberg Businessweek, where he was a features editor. While at the magazine, he edited stories on a wide variety of topics: cut-rate coffins, introducing luxury cruises to the Chinese market, how Goldman Sachs lost $1.2 billion […]
21st Century Fox Buying 7 TV Stations
NEW YORK – 21st Century Fox has inked a deal with Sinclair Broadcast Group and Tribune Media Company to acquire seven television stations for approximately $910 million. The purchase of the stations will increase Fox Television Stations’ (FTS) coverage to nearly half of all U.S. households, and its market presence to 19 of the top 20 […]
SL Green Acquires Leasehold in 2 Herald Square
SL Green Realty Corp. announced it was the successful bidder for the leasehold interest at 2 Herald Square, which was in foreclosure. The Company has also reached an agreement to joint venture the asset with an Israeli-based institutional investor, subsequent to closing on the acquisition. Located on a prime corner of Herald Square (the intersection […]
Dick Vitale Signs With ESPN Thru 2021
College basketball analyst Dick Vitale, one of the most recognizable personalities in sports television, has signed a contract extension with ESPN through the 2020-21 season. Vitale, 78, will continue his work as a game analyst on key matchups each week during the regular season, as well as Champ Week. He will also remain a contributor […]
Perch Raises $30 Million Series A
NEW YORK — Real estate marketplace Perch has raised $30 million in first round financing. The Series A investment was led by FirstMark Capital, with Juxtapose and Accomplice also participating in the round. The capital will be used for scaling the company’s home buying marketplace and product development as Perch revolutionizes the antiquated process of […]
NY to Invest $300 Million in New Ferry Service
NEW YORK –– Mayor Bill de Blasio says NYC Ferry’s ridership could grow to as many as 9 million annual passengers by 2023, twice as many passengers as initially projected, and that the City will invest in a bigger ferry fleet to meet that demand. The Executive Budget includes $300 million in new capital over […]
Zola Lands $100 Million From Corporate Investors
NEW YORK — Wedding company Zola has raised a $100 million Series D financing led by existing investor Comcast Ventures, as well as new investors NBCUniversal and Goldman Sachs Investment Partners. Total investment in Zola now stands at over $140 million. This new funding comes at a time of explosive growth and rapid expansion for […]
NBC Summer Concert Series Starts May 15
NBC’s Today Show has released its list of musical performers this summer with the industry’s hottest names taking over the plaza outside its studios at Rockefeller Center. Grammy Award winning artist Meghan Trainor kicks off the “Citi Concert Series on TODAY” on Tuesday, May 15. This year’s lineup for the 23rd annual summer concert series […]
McGraw-Hill Leases Five Floors in Midtown
NEW YORK — Real estate investment trust Paramount Group has signed a 136,176 square foot lease with McGraw-Hill Global Education Holdings, LLC at 1325 Avenue of the Americas, a 34-story Class A office tower located between 53rd and 54th Streets in Midtown Manhattan. McGraw-Hill Education will occupy floors 5 through 9, as well as a […]