Daily business news in the Great State of New York!
NEW YORK — The law firm of Latham & Watkins announced that 19 counsel have been elected to the partnership, effective March 1. According to the firm, each of the new partners delivers exceptional advice and service to clients in distinct areas of practice. Latham & Watkins has over 3,500 lawyers and operates in 14 countries. The […]
NEW YORK — Knock is raising $12 million in a Series A round led by David Sacks from Craft Ventures. He is the Founder of Yammer, former COO of PayPal, an investor in Slack, Opendoor, and SpaceX, and also good friends with Gwyneth Paltrow. Knock has developed a flexible, reliable notifications infrastructure for developers that’s […]
NEW PALTZ – Mohonk Mountain House, the historic mountain resort nestled in the Hudson Valley, is celebrating its 155th anniversary in 2024. Founded by twin brothers Albert and Alfred Smiley in 1869, the resort is now in its fifth generation of family ownership – an incredible feat accomplished by fewer than 3% of all family-owned […]
Charles McGonigal, 55, a former FBI Special Agent in Charge of the New York Field Office, was sentenced to 28 months in prison followed by three years of supervised release for his undisclosed receipt of $225,000 in cash from an individual with ties to the Albanian government while McGonigal was supervising counterintelligence investigations. McGonigal pleaded […]
NEW YORK — JetBlue has entered into an agreement with Icahn Enterprises L.P., a major shareholder of JetBlue, under which Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, portfolio manager of Icahn Capital, will join the airline’s board of directors. Lynn and Miller will serve as non-voting observers to the board through JetBlue’s […]
ESPN announced that former NBA player and Duke star JJ Redick will join Naismith Basketball Hall of Fame broadcasters Mike Breen and Doris Burke to form ESPN/ABC’s new, lead NBA broadcast team. Redick takes the spot of Doc Rivers, who left last month to become Head Coach of the Milwaukee Bucks. The team will call the NBA Finals on ABC, the Eastern Conference Finals, and […]
Hoffman’s Car Wash, a chain of car washes in upstate New York, has opened a new location in Halfmoon, about 12 miles north of Albany. The new car wash is located at 1589 US Route 9, a busy stretch of road near Clifton Park. This location offers exterior car washes and free vacuums. The company […]
Cornell University has received a $35 million gift that will endow and name the Cornell K. Lisa Yang Center for Wildlife Health. The center will address key challenges at the intersection of wildlife health, domestic animal health, human health and livelihoods, and the environment that supports all life on Earth. The gift to the College […]
NEW YORK — Northwell Health and New York City Public Schools have formed a partnership to design a career-focused high school that will help prepare students for well-paying careers in healthcare and address local education and healthcare talent needs. The Northwell School of Health Sciences will fully integrate healthcare career knowledge and job training with […]
In December, the NY Office of the State Comptroller approved 2,332 contracts for state agencies and public authorities valued at $75.6 billion and approved nearly 1.8 million payments worth more than $15.6 billion. The office rejected 212 contracts and related transactions valued at $15.4 billion and nearly 1,800 payments valued at nearly $12.6 million, primarily […]
Rentberry, an operator of a property rental and management platform based in San Francisco, has unveiled plans to explore the acquisition of WeWork, the NY-based flexible workspace provider that recently filed for Chapter 11 bankruptcy. Rentberry says the move is backed by key venture capital funds, including Berkeley Hills Capital, and wants to combine WeWork’s […]
PENN Entertainment has agreed to pay Wynn Interactive Holdings $25 million to acquire its New York mobile sports wagering licenses, currently operating under WynnBet. The deal gives PENN entry into the online sports betting market in New York State. Pending regulatory approvals, PENN will launch its online sports wagering product, ESPN BET, in New York […]
NEW YORK — The Metropolitan Museum of Art announced the co-chairs for this year’s Costume Institute Benefit, which will be held on May 6 in NYC. The Met Gala is the biggest celebrity and fashion event of the year in the city. Bad Bunny, Chris Hemsworth, Jennifer Lopez, Anna Wintour, and Zendaya will serve as […]
NEW YORK — Duetti, a music financing platform aimed at independent artists, has landed $90 million in new funding. This includes $15 million of new equity, alongside a new $75 million credit facility. The equity financing is led by Nyca Partners, alongside Viola Ventures, Duetti’s lead seed equity investor, and Cohen Circle. The $75 million credit facility is being provided by Northleaf Capital Partners. […]
NEW YORK — Dr. Jennie G. Ono, a pediatrician who focuses on inpatient care, newborn medicine and pediatric asthma, has been appointed chief of pediatrics at NewYork-Presbyterian Queens. Dr. Ono also serves as an associate professor of clinical pediatrics at Weill Cornell Medicine. In her new role, Dr. Ono will continue to grow the pediatric primary […]