Daily business news in the Great State of New York!
NEW YORK — Ramp, a finance automation platform designed to help businesses spend less, has announced a $300 million Series D investment round. The company plans to use the new capital to increase product development and expand into adjacent categories. Thrive Capital, Sands Capital, General Catalyst, Founders Fund, and other existing investors all participated in […]
ARMONK, NY and SAN FRANCISCO — IBM has decided to sell its Weather Company business to private equity firm Francisco Partners. The deal includes the popular Weather Channel website and mobile app. Terms of the deal were not disclosed. The Weather Channel cable TV network is a separate business owned by Allen Media. The assets being acquired […]
Chipmaker AMD, based in Silicon Valley, has chosen to create two state-of-the-art research and design facilities in upstate New York at the Linden Oaks Office Park in Monroe County near Rochester, and at the Westgate Business Park in the Village of Fishkill in Dutchess County. AMD has committed to creating up to 165 new jobs […]
AMHERST, N.Y. – Spectrum announced the opening this summer of a new Spectrum Mobile customer service call center in Amherst, a suburb of Buffalo, which will create 400 new local customer service positions. The positions have a starting pay of $20 per hour. The new 88,000-square-foot call center is located at 3920 Main St. in Amherst. […]
NEW YORK — New York City Mayor Eric Adams announced Wednesday that the city has provided shelter and care for more than 101,200 asylum seekers that have arrived in the five boroughs since April 2022. “With more than 101,200 asylum seekers arriving in New York City and asking for shelter, our city has now provided shelter […]
NY Governor Kathy Hochul, the U.S. Army Corps of Engineers New York District, Montauk Historical Society, and other partners celebrated the reopening of the newly restored Montauk Point Lighthouse and completion of a major coastal resiliency project to protect the historic lighthouse and associated cultural resources. The landmark, located on the easternmost point of Long […]
ENGLEWOOD CLIFFS, NJ — Signature Kitchen Suite, maker of built-in luxury kitchen appliances, debuted its new Skyline Showroom just across the river from Manhattan. The showroom is located within LG Electronics’ North American Headquarters. Situated near the picturesque riverfront of the Hudson River with vistas of the iconic New York City skyline, the new showroom will serve […]
The New York State Thruway Authority announced the new Pembroke Service Area (I-90 eastbound mile marker 397) in Corfu, NY is now open to the public. The location is the tenth new service area to open to Thruway customers as part of the $450 million project to redevelop and modernize all 27 Thruway service areas. The New Baltimore, Clarence, Ardsley, Plattekill, Clifton […]
NEW YORK– Empire State Realty Trust announced that Capco – a global financial technology and management consultancy – has signed a lease for a 26,620 square foot, full-floor space at the Empire State Building (ESB) in New York City on the 68th floor. “We are pleased to partner with ESRT for our new office space in […]
NEW YORK — Offsite, which operates a platform for remote and hybrid companies planning team retreats, has raised $3 million to help create more connected workforces through in-person experiences. Since launching in 2021, Offsite has planned hundreds of team retreats in over 15 countries for clients ranging from hospitals to hedge funds, focused primarily on supporting […]
LONG ISLAND — PM Pediatric Care, a nationally recognized leader in the delivery of pediatric care, recently landed $50 million in Series E equity funding led by Scopia Capital, including Jefferson River Capital. The new funding will be used to accelerate expansion of the company’s world-class urgent care network; its newer service offerings, including its mental and […]
NEW YORK — Macy’s has unveiled a new private label brand, On 34th, a women’s apparel and accessories collection. Macy’s flagship store is located at 34th Street in Manhattan. Designed for women, by women, the On 34th collection features wardrobe staples like the perfect pant and special pieces like the sequin skirt, to make her […]
PURCHASE, NY and BENTONVILLE, AR — PepsiCo is teaming up with Walmart on a 7-year collaboration to invest $120 million on supporting U.S. and Canadian farmers in their pursuit to improve soil health and water quality. By establishing and scaling financial, agronomic and social programs, it aims to enable and accelerate the adoption of regenerative agriculture practices […]
NEW YORK — Yahoo has hired Chipotle marketing executive Tressie Lieberman as Chief Marketing Officer (CMO). Lieberman brings over twenty years of traditional and digital marketing experience at restaurant chains Chipotle, Taco Bell, and Pizza Hut. She will report directly to Yahoo CEO Jim Lanzone. As Yahoo’s CMO, Lieberman will be responsible for overseeing all […]
NEW YORK — Plaintiff law firm Hach & Rose, LLP has announced that John Blyth, Brandon Cotter, George Ilchert, and Adam Roth have been made partners in the firm. John Blyth started at Hach & Rose when he was in law school as an intern and has gone on to litigate cases in both New York State and New Jersey, securing many […]