Daily business news in the Great State of New York!
NEW YORK— Empire State Realty Trust, Inc. announced that Allied Universal has expanded and relocated from a 12,000 square foot space at ESRT’s One Grand Central Place to a 30,000 square foot space at 501 Seventh Avenue. Allied Universal is a leading provider of security services and solutions. Located adjacent to Penn District’s new developments with convenient access […]
It gets more and more expensive to rent an apartment in Manhattan. A new monthly report by Miller Samuel and Douglas Elliman found average rents in Manhattan reached a record high of $5,113 in July. The average rental price in Manhattan is up 27.5% from a year ago. In Manhattan according to the report, the […]
NEW YORK — Coinbase, one of the leading cryptocurrency trading platforms, is partnering with BlackRock, the world’s largest asset manager, to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with bitcoin, through connectivity with Coinbase Prime. Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting […]
Governor Kathy Hochul has announced nearly 1,000 new future nurses will receive free tuition at CUNY or SUNY campuses starting this fall. The program is part of efforts to strengthen and bolster New York State’s health care workforce. Applicants were announced as winners of the “Nurses for Our Future” Scholarship Program – an initiative designed […]
NEW YORK — Boisson, the non-alcoholic beverage retailer, has raised a $12 million seed round, bringing the company’s valuation to $47 million. This funding, the largest seed round for a non-alcoholic brand to date, will support the brand as it opens new stores in Los Angeles, launches a new on-premise arm of its business and […]
Crime is soaring in NYC according to a report by the NY Police Department. For the month of July, the number of overall shooting incidents increased in New York City compared with July 2021, highlighting the continuing need to eradicate gun violence and end the perception among criminals that there are no consequences for violent […]
NEW YORK — Eikon Therapeutics Inc., a California biotechnology company that applies advanced engineering and high-performance computing to the identification of important new medicines, has recently signed a lease with Alexandria Real Estate Equities, Inc. for its new East Coast base of operations located in the Alexandria Center for Life Science in New York City. […]
NEW YORK – Governor Kathy Hochul announced that Amtrak will resume direct train service this summer to and from the Empire State’s largest annual event – the New York State Fair. As part of their 20-year partnership, Amtrak customers and Fair visitors can combine the benefits of traveling sustainably and experiencing the best in New York […]
NEW YORK — Axio, a provider of cyber risk quantification solutions, has raised a $23 million Series B investment round. The round is led by ISTARI, a Temasek-founded global cybersecurity firm dedicated to helping clients build cyber resilience, with additional participation from existing investors, including Distributed Ventures, IA Capital Group, and Bob Dudley, Axio Chairman […]
NEW YORK — The New York Times Company reported earnings for the second quarter ending June 26, 2022. Total revenues increased 11.5 percent to $555.7 million from $498.5 million in the second quarter of 2021. Subscription revenues increased 13.1 percent to $383.6 million, advertising revenues increased 4.1 percent to $117.4 million and other revenues increased […]
NEW YORK — Contentsquare, a provider of digital experience analytics, has closed a $600 million growth investment round, including $400 million in Series F equity and $200 million in debt financing, bringing total funding to $1.4 billion. The Series F investment is led by Sixth Street Growth, which joins new and existing investors Bpifrance, Canaan, […]
This summer has been hot and mostly dry with more hot weather forecast for the next week. Governor Kathy Hochul has directed the New York State Department of Environmental Conservation to issue a drought watch for 21 New York counties mostly in Western New York and Long Island after consulting with the State Drought Management […]
The Ritz-Carlton, the luxury hotel brand owned by Marriott, has officially opened The Ritz-Carlton New York, NoMad, located at 25 West 28th Street. Soaring 50 stories above Manhattan’s North of Madison Square Park neighborhood, the newly constructed hotel and residences developed by New York-based Flag Luxury Group brings the brand’s unparalleled service and refined elegance […]
NEW YORK & MIRAMAR, FL — JetBlue Airways is victorious in its battle for Spirit Airlines, the discount carrier best known for its yellow planes. After spoiling a bid by competitor Frontier Airlines, JetBlue has agreed to acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable […]
Toy and game maker Hasbro is teaming up with The NY Times and its popular Wordle game to make a physical board game that will go on sale in October. Inspired by the popular digital version from New York Times Games, Wordle: The Party Game is a brand-new product that delivers classic Wordle gameplay, but now in […]