Daily business news in the Great State of New York!
NEW YORK — Isaac Health, a digital health company emerging as a national leader for brain health, has completed an oversubscribed $5.7 million Seed round. The round was led by Meridian Street Capital and B Capital with participation from Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels. Launched in 2022, Isaac Health offers a […]
NEW YORK — Marstone, Inc., a digital investment and wealth planning firm, has raised an $8 million Series B financing round led by Mendon Venture Partners and South Rose Capital, alongside new investors including the Castle Creek Launchpad Fund. The round also includes existing investor Equity Bank. Marstone helps financial institutions to retain and generate […]
NEW YORK – New York City Mayor Eric Adams and Office of Labor Relations (OLR) Commissioner Renee Campion announced agreements with District Council 37 (DC 37) and Communications Workers of America (CWA) Local 1180, collectively representing over 1,000 911 operators and their supervisors. In two years, and less than a year after its first agreement […]
NEW YORK — Klarna, a Swedish company that specializes in Buy Now Pay Later programs with retailers, is launching a subscription service model. Klarna Plus, issued by WebBank, is now available to eligible US consumers through the Klarna app for a monthly fee of $7.99. Klarna Plus gives members a variety of features and offers, including waived […]
Macy’s, which operates the nation’s largest department store chain, is closing five stores around the country and eliminating 2,350 jobs according to CNBC. The five stores that will close this year are located in Arlington, VA; San Leandro, CA; Lihue, HI; Simi Valley, CA and Tallahassee, FL. Macy’s operates about 700 stores under the Macy’s, […]
Google plans to lay off 225 employees in New York according to a WARN filing with the NYS Department of Labor. The separation of workers will begin on April 1, 2024, and commence on May 27, 2024. Employees affected include 30 at Chelsea Market, a building owned by Google’s parent company Alphabet, as well as […]
NJ-based Doherty Enterprises has agreed to buy 21 Applebee’s restaurants located throughout the New York City metro area from Apple Metro. Terms of the deal weren’t disclosed. The deal allows Doherty to expand in NYC. The Allendale, NJ-based company has been an Applebee’s franchisee since 1993, and now owns and operates 104 Applebee’s restaurants in […]
NEW YORK — Kashable, a financial platform that provides responsible credit and financial solutions as an employer-sponsored voluntary benefit, has announced a Series B capital raise of $25.6 million. The round was co-led by Revolution Ventures and Moneta Ventures, with participation from EJF Capital and Krillion Ventures. The investment will fuel Kashable’s expansion, accelerate the development of […]
NEW YORK and LOS ANGELES — Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation, announced that Jeff Collins has been appointed President of Advertising Sales, Marketing and Brand Partnerships for Fox Corporation. He will succeed Marianne Gambelli, who retires after more than 40 years as a leading ad sales executive in the media and entertainment space. Collins, […]
NEW YORK — RAL Companies and Oliver’s Realty Group, announced that Quay Tower, the only waterfront new development in Brooklyn Heights with sponsor units for sale, achieved more than $85 million in sales and pending contracts from 2023. Many of the deals at the 30-story ODA New York-designed building were the week’s most expensive sale […]
The New York Islanders fired coach Lane Lambert last week and named former All-Star goalie Patrick Roy as the new Head Coach of the NHL team. Roy won his Islanders coaching debut with a 3-2 overtime victory over the Dallas Stars on Sunday at UBS Arena in Elmont. “I was very nervous, I won’t lie,” […]
The City University of New York is receiving $75 million from the Simons Foundation, the University’s largest-ever donation. The gift earmarks $50 million to establish CUNY as a hub for computational science and $25 million to support CUNY’s participation in the Governor’s proposed Empire AI project. Computational science uses programming techniques to solve problems in […]
NEW YORK –– The National Football League announced the names of 54 players who have been granted special eligibility for the 2024 NFL Draft and four underclassmen who have fulfilled their degree requirements with college football eligibility remaining and are also eligible for selection in the April 25-27 Draft in Detroit, MI. Thirty-four players applied […]
ALBANY – The inventory of available homes for sale at the end of 2023 across New York fell to the lowest recorded mark in history, according to a report released by the New York State Association of Realtors. Inventory of homes for sale across New York dropped to an all-time recorded low of 24,469 units […]
Minouche Shafik, President of Columbia University, announced that Angela Olinto will be the school’s next Provost, effective April 1, 2024. Professor Olinto is currently at the University of Chicago, serving as Dean of the Division of the Physical Sciences and the Albert A. Michelson Distinguished Service Professor in the Department of Astronomy and Astrophysics. Professor […]