Daily business news in the Great State of New York!
NYU’s Board of Trustees has named Linda G. Mills to be NYU’s 17th President. Mills [photo above] has served over a decade as NYU’s Vice Chancellor and Senior Vice Provost for Global Programs and University Life. She will be the first female President at NYU and will take over on July 1 for Andrew Hamilton, who […]
Arizona-based Onsemi, a developer of intelligent power and sensing technologies, has completed its acquisition of GlobalFoundries’ (GF’s) 300 mm East Fishkill (EFK), New York chip manufacturing site and fabrication facility, effective December 31, 2022. The deal added more than 1,000 employees, primarily technologists and engineers, to the onsemi team. Highlighting the importance of manufacturing semiconductors […]
NEW YORK — Product of the Year USA, the largest consumer-voted awards program centered around product innovation, has announced the winners of the 2023 Product of the Year Awards across 36 categories. Each of the Product of the Year winners are determined through a national study of 40,000 American shoppers in partnership with consumer research firm Kantar. The […]
BROOKLYN — Litify, which has built an end-to-end legal operating platform, announced that venture firm Bessemer Venture Partners has acquired a majority stake in the company as it achieves profitability and continues its next phase of growth. With the backing of Bessemer, Litify plans to bolster its unique market position as the only secure and […]
NEW YORK — -Accenture says it has made a strategic investment through Accenture Ventures in Looking Glass Factory, a leading hologram company. Looking Glass, with headquarters in Brooklyn and additional operations in Hong Kong, has developed an end-to-end holographic platform, with a lineup of displays that can show content in life-like 3D, without requiring the […]
NEW YORK — Breef, which operates an online marketplace for companies to find marketing and advertising agencies, has landed $16 million in new funding led by Greycroft. The platform has transformed project outsourcing for global brands and emerging businesses by facilitating agency connections in under seven days – through a combination of proprietary technology and […]
NewsWhip, with offices in New York and Dublin, Ireland, announced that it has secured $13 million in funding from London-based AshGrove Capital. NewsWhip gives communications professionals and journalists clarity on the chaos of digital and social media. Its technology tracks which stories and narratives are gaining momentum in real time – and predicts which ones […]
MANHATTAN — Empire Steak House owners have announced they will soon open a third location in midtown Manhattan at 49th Street and Broadway. There are already two existing locations in the city along with the Empire Steak House in Tokyo. Expected to open its doors this spring, this 100-seat eatery with private rooms, will have […]
New York University (NYU) said it received close to 120,000 applications for the Class of 2027, a 13% increase over last year’s record-breaking pool, including nearly 22,000 Early Decision applications, an increase of 14% from last year. This is the 16th year in a row of record-setting numbers of applications to NYU. The overall application […]
YORKTOWN HEIGHTS, NY — IBM is collaborating with NASA’s Marshall Space Flight Center to use IBM’s artificial intelligence (AI) technology to discover new insights in NASA’s massive trove of Earth and geospatial science data. The joint work will apply AI foundation model technology to NASA’s Earth-observing satellite data for the first time. Foundation models are types of […]
On January 27, 2023, New York State Police arrested Amber M. Wood, 39, of Schoharie, NY, for Grand Larceny in the Second Degree, eight counts of Grand Larceny in the Third Degree, five counts of Forgery in the Second Degree, five counts of Falsifying Business Records in the First Degree, and Grand Larceny in the […]
Layoffs aren’t just hitting tech companies, even hospitals in NY are cutting back. Memorial Sloan Kettering Cancer Center (MSKCC), one of the nation’s top cancer hospitals, has laid off 337 workers according to a WARN notice filed with the NY State Department of Labor. According to WPIX, MSKCC cited financial problems for the cutbacks and […]
NEW YORK – The James Beard Foundation has announced the 2023 Restaurant and Chef Awards Semifinalists in advance of the James Beard Awards, honoring the best restaurants and chefs in the nation. Nominees will be announced on Wednesday, March 29, and winners will be celebrated at the James Beard Restaurant and Chef Awards Ceremony on […]
Google, which operates the world’s leading search engine, has laid off 887 workers in New York City according to a filing with the NY State Labor Department. The cutbacks were made by Alphabet, the parent company of Google, as part of 12,000 jobs eliminated worldwide. NYC is home to the second largest location for Google […]
Columbia University announced that Nemat “Minouche” Shafik, a leading economist and President of the London School of Economics, will become the 20the President of Columbia University on July 1, 2023. Her election concludes a wide-ranging and intensive search launched after Lee C. Bollinger announced that he would step down as Columbia’s president at the end […]