Funding

TCG Buys Majority Stake in Food52 for $83 Million

NEW YORK — Food52, which operates a food content community and e-commerce network, has closed a majority investment by TCG Capital Management, an affiliate of The Chernin Group, LLC. TCG is investing $83 million in Food52 at a nine-figure valuation to enable the company to develop offline retail, expand its in-house product line Five Two, […]

News

NY Times to Offer Free Access to Title I Schools

The New York Times Company is partnering with Verizon to provide free access to the NYTimes.com website to over seven million students and teachers. The offer is only for Title I high schools across the nation and middle schools within the Verizon Innovative Learning program. Title I schools receive federal funding for low-income students. (Photo: […]

Real Estate

Central Park Tower Now World’s Tallest Condo

NEW YORK — Real estate developer Extell Company announced that the under construction Central Park Tower has topped out, which at 1,550 feet, will be the tallest residential building in the world when completed next year. Located on West 57th Street, along the corridor known as “Billionaire’s Row,” Central Park Tower is slated for completion […]

News

Apple Cube Reopens on Fifth Avenue

After more than two years of construction, Apple has reopened its flagship underground store on Fifth Avenue which features a clear glass Apple cube on the street level. The store reopened just in time with the launch of Apple’s new iPhone 11 lineup of smartphones and new versions of the Apple Watch and iPad. Apple […]

News

CDW to Join S&P 500 Index

NEW YORK — CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the prestigious S&P 500 index prior to the open of trading on Monday, September 23.  S&P 500 constituent Global Payments Inc. (NYSE: GPN) is acquiring Total System Services in a transaction expected to be completed after the market close today. CDW Corp […]

Funding

Capsule Raising $200 Million to Deliver Drugs Outside of NYC

Capsule, an online pharmacy that delivers prescriptions anywhere in the New York metro area, has raised $200 million in fresh funding according to Bloomberg that will help the company expand across the U.S. The funding was led by venture capital firm TCV and Capsule’s existing investors Thrive Capital and Glade Brook Capital Partners also participated. […]

Transportation

Amtrak Reveals Amenities for Upcoming Acela Nonstop to DC

Amtrak, which operates the nation’s passenger railroad service, has revealed the unique amenities exclusive to its upcoming Acela Nonstop train from NY to Washington, DC. The nonstop train begins its inaugural trip on Monday, Sept. 23, and will include: complimentary coffee, tea water, and a light snack, “at seat” cashless cart service offering a limited menu […]

Airlines

7 New Restaurants Coming to JetBlue’s JFK Terminal

NEW YORK — JetBlue revealed plans to add seven new restaurants in its home terminal – T5 at New York’s JFK International Airport. This will mark the first major update to the airline’s T5 concession lineup since moving into the brand-new terminal in 2008. As New York’s Hometown Airline, JetBlue features niche stores and restaurants […]

Retail

Lord + Taylor Chain Sold for $100 Million

Hudson’s Bay Company, the Canadian retailer that owns department store chain Lord +Taylor, is selling the struggling brand for $100 million to Le Tote, an online subscription clothing rental service based in San Francisco. Lord + Taylor closed its Fifth Avenue flagship store in Manhattan at the beginning of the year and sold the building […]

Sports

Record Payouts for 2019 U.S. Open Tennis

The U.S. Open tennis tournament in Flushing, which started Monday with first-round action, will see the highest prize money for players of any tennis tournament in history. A total of $57,238,700 in total compensation will be doled out over the two week span of the U.S. Open, including $58,000 for losers of the first round […]