Daily business news in the Great State of New York!
NEW YORK — Humanity Health, a career platform for underrepresented leaders in healthcare and life sciences, has raised $6 million in a Series A funding led by Jumpstart Nova with follow-on participation from Deerfield Management, which provided the initial seed capital for the company’s launch. “Humanity Health has recognized that access to skilled, diverse leadership […]
Jewelry maker Pandora announced that the company will open an office in New York in September 2022 for its U.S. hub. Located in Manhattan, the new hub will deploy as a temporary space this fall, followed by a permanent space in the summer of 2023. The office will support approximately 150 full-time corporate employees. A […]
New York-based law firm Debevoise & Plimpton LLP has elected eight new partners to its firm effective July 1. The firm has more than 800 lawyers on three continents. Dominic Blaxill is based in the London office and a member of the firm’s Mergers & Acquisitions Group. His practice focuses on advising private equity firms […]
NEW YORK — Pattern Brands, a family of brands with a shared mission of enjoying daily life at home, has raised $25 million in a Series B on top of the $60 million of acquisition capital brought in last year, led by new investors Toba Capital, Verlinvest, and BAM Elevate, alongside existing investors Primary, RRE […]
NEW YORK — Nucleus Genomics, a consumer genetic testing and analysis company, has raised $14 million in a new funding round led by venture firm Seven Seven Six. The NYC-based company, founded by Kian Sadeghi, is building a DTC genetic testing platform that provides innovative genetic risk and disposition score analyses on an extensive number of diseases and […]
NEW YORK — The law firm of Kelley Drye & Warren LLP has elected eight new partners and and additional eleven lawyers were promoted to special counsel, effective July 1. “The size and diversity of this year’s class of new partners and special counsel is reflective of Kelley Drye’s commitment to elevating talent from within our ranks,” […]
Rensselaer Polytechnic Institute (RPI) — a research university in Troy, NY — has introduced the Rensselaer Institute for Data, Artificial Intelligence, and Computing (DAIC). The goal of the Institute is to become the primary academic center in the country for advancing new computational paradigms, including those that are a hybrid of conventional, neuromorphic, and quantum […]
NEW YORK — Gloat, a provider of Workforce Agility software and pioneers of the AI-powered Talent Marketplace, has landed a $90 million Series D investment round led by Generation Investment Management — with participation from Accel, Eight Roads Ventures, Intel Capital and Lumir Ventures. The funding positions Gloat to rapidly accelerate the evolution of a […]
The U.S. Department of Transportation has reassigned 16 peak-hour runway slots, previously operated by Southwest Airlines, at Newark-Liberty International Airport to Spirit Airlines. The DOT said it made this action to keep low-cost service options for Newark customers and improves competition in the Newark market, which was affected when Southwest Airlines discontinued service there. The […]
ALBANY – Mortgage rates surged to over five percent in May and home prices continued their upward climb across the Empire State, based on data from the New York State Association of Realtors. According to Freddie Mac, the monthly average on a 30-year fixed-rate mortgage soared from 4.98 percent in April 2022 to 5.23 percent […]
The Securities and Exchange Commission (SEC) has charged Big Four accounting firm Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the Division’s investigation of the matter. EY […]
Hilton Grand Vacations Inc., a publicly-traded timeshare company, has officially held the grand opening of its flagship New York City property, The Quin, a Hilton Club, following a $50 million renovation. With its location on “Billionaire’s Row,” at the corner of Sixth Avenue and 57th Street, The Quin features 212 spacious suites, thoughtfully designed amenities […]
NEW YORK — CoachHub, a global digital coaching platform, says it has closed a $200 million Series C funding round, led by Sofina and SoftBank Vision Fund 2. The round will be used to scale CoachHub’s product innovation and operations while accelerating the company’s global expansion. Following an $80 million round only eight months ago, this Series C […]
Paramount+, the global streaming service from Paramount Global (formerly ViacomCBS) announced its investment in internationally originated content with a slate of original series that will debut around the world, a first step towards the streamer’s plan to commission 150 international originals by 2025. The news comes as Paramount+ will make its debut in UK and […]
NEW YORK — JetBlue has begun flights to Canada for the first time. The airline officially launched service this week from New York’s John F. Kennedy International Airport (JFK) to Vancouver International Airport (YVR) with once daily flights each way. Strengthening JetBlue’s Northeast Alliance (NEA), Vancouver service brings JetBlue to its first destination in Canada, while diversifying its New […]