News Sports

BetMGM Becomes Fifth Online Sportsbook in NY

Online sportsbook BetMGM went live on Monday, becoming the fifth online sportsbook now taking bets in NY state. Following the legalization of online sports betting in the state on January 8, 2022, BetMGM has now made the Empire State the 19th US market where its gaming products are available. The other four online sportsbooks now […]

Funding

Viridi Parente Raises $95 Million for Battery Storage Technology

BUFFALO — Viridi Parente, a developer of point-of-use battery storage technology, has raised $94.695 million in a Series C funding round. Viridi is valued at $700 million with the new funding as it looks to manufacture fail-safe, point-of-use lithium-ion battery technology at scale. The Series C round was led by existing investor B. Thomas Golisano, the […]

News

Chief Network for Executive Women Goes National

NEW YORK –– Chief, a private network designed for top female executives, has decided to expand its service across the country. Beginning immediately, Chief will welcome qualified applicants throughout the U.S. to join its influential executive network. Since launching in New York in 2019, Chief’s membership has grown to over 10,000 senior women leaders in […]

News

IBM Buys Australian Company Envizi

ARMONK, NY — IBM announced this week it has acquired Envizi, an Australian-based data and analytics software provider for environmental performance management. This acquisition builds on IBM’s growing investments in AI-powered software, including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite, to help organizations create more resilient and […]

News

Colgate Challenge Selects Three Winning Startups

NEW YORK — Colgate-Palmolive has announced the winners of the Colgate Connect Challenge, its first-ever global pitch competition aimed at startups from around the world focused on developing world-changing products to promote healthy futures. The challenge sought to connect Colgate with external startups offering innovative solutions in three areas: quantified health and analytics; smart and […]

Construction News Schools

Touro College to Build Campus in Times Square

NEW YORK — Touro College and University System, one of the nation’s leading non-profit Jewish higher education institutions, wants to build a new 243,305 square-foot campus at 3 Times Square. [Photo Above: Rendering of 3 Times Square and Touro campus.] The Midtown skyscraper for 3 Times Square is located on Seventh Avenue between 42nd and 43rd […]

Funding

Rokt Rakes In $325 Million Series E

NEW YORK — Rokt, a leading ecommerce technology using AI and machine learning, announced that it has closed a $325 million Series E funding round led by Tiger Global, bringing the company’s valuation to $1.95 billion. The company plans to use the new funding to invest in R&D, international expansion and strategic acquisitions. Other participants in the […]

Media News

Albany Times-Union Reports 30,000 Digital Subscribers

The Times-Union, a newspaper covering the Capital District and Hudson Valley, announced it has surpassed 30,000 paying subscribers for digital access to its website. The newspaper is owned by the Hearst Corporation which also owns several Connecticut newspapers as well as the San Francisco Chronicle and San Antonio Express-News. The Times-Union attributes its recent growth […]

News

NY Times Gets Athletic for $550 Million

NEW YORK — The New York Times Company is purchasing The Athletic, a global sports website, for an all cash purchase price of $550 million. The deal is expected to close in the first quarter of 2022. The Athletic has more than 450 full-time writers, editors and producers break exclusives, cover the biggest moments, and […]

Government Transportation

Phase Two of Second Avenue Subway Moves Forward

NY Governor Kathy Hochul and the Metropolitan Transportation Authority announced that the Second Avenue Subway expansion project that would extend the Second Avenue line to 125th St in East Harlem has moved to the Engineering phase of the project timeline. The Infrastructure Investment and Jobs Act signed by President Biden in November provided $23 billion […]

Funding

Veho Secures $125 Million for Next-Day Delivery Technology

NEW YORK — Veho, a technology company that enables personalized next-day package delivery, has announced a $125 million Series A raise led by General Catalyst at a $1 billion valuation. Additional investors include Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners, and Origin Ventures. The funding will be used to hire more employees, expand from 14 to […]

News

Sports Betting in NY Starting Saturday

Get ready to place your sports bets in NY — online!!! The NYS Gaming Commission announced that four licensed Mobile Sports Wagering Operators – Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive – have satisfied all statutory and regulatory requirements necessary to accept and process mobile sports wagering activity and have been approved to commence […]

Legal

Jones Day Law Firm Adds 48 New Partners

Jones Day, one of the nation’s largest law firms with over 2,500 lawyers, announced that 48 lawyers will be admitted to partnership in the Firm as of January 1, 2022. Being a partner means a big increase in pay. Average compensation for law partners nationwide was $1,054,000 in 2020 according to a survey by legal […]

Retail

Macy’s Announces New Store Closings

Macy’s, the nation’s largest department store chain, announced the closing of six new Macy’s department stores and one Bloomingdale’s Outlet Store. At the end of the third quarter 2021, Macy’s said it had 794 stores, including Macy’s, Bloomingdale’s and Bluemercury. Below is the list of stores that the company will close this year. Macy’s Store […]

Legal News

Cadwalader Elects 9 New Partners, Promotes 23 to Counsel

The New York law firm Cadwalader, Wickersham and Taft announced that 9 attorneys have been elected to the firm’s partnership, effective January 1, 2022. In addition, the firm promoted 23 attorneys to special counsel and counsel, creating the largest partner, special counsel and counsel promotion class in 15 years. Cadwalader is one of the top […]