Daily business news in the Great State of New York!
AT&T, Inc. announced that its board of directors has determined to spin off AT&T’s interest in WarnerMedia in connection with the previously announced merger with Discovery, Inc. The transaction, which will spin off 100% of AT&T’s interest in WarnerMedia to AT&T’s existing shareholders, followed by the merger of WarnerMedia with Discovery, is expected to close […]
The seventh sportsbook to go live in New York is WynnBET, which made its debut today in the Empire State. WynnBET is the online sports betting app from Las Vegas-based luxury casino owner Wynn Resorts. Players in New York can download WynnBET on the Apple App and Google Play Store, or visit https://ny.wynnbet.com/sportsbook to begin wagering. “WynnBET beginning operations […]
NEW YORK — Chick-fil-A ranked No. 1 for fast-food brands according to marketing firm MBLM’s Brand Intimacy COVID Study, which analyzes brands based on emotional connections during the pandemic. Brand Intimacy performance has increased by 8 percent since the beginning of the pandemic, daily usage has also risen by 8 percent, and willingness to pay […]
NEW YORK — The Vets, a pet care platform providing premium at-home pet care, announced $40 million secured in seed funding. The round was led by Co-Founder, Target Global, a leading international investment and brand building firm, PICO Venture Partners, and Bolt Ventures. The Vets is transforming the pet care landscape through a unique business model that provides veterinarians a positive […]
NEW YORK — Lunchbox, a provider of ordering software for enterprise restaurant chains and ghost kitchens, has closed a $50 million Series B funding round led by Coatue with participation from existing investors Primary and 645 Ventures as well as executives from DoorDash, Sweetgreen, and &pizza. Since announcing their Series A round in October 2020, Lunchbox says it […]
NEW YORK — Win Brands Group, an omnichannel retail platform that buys and builds top brands, announced that it has raised $40 million led by Orangewood Partners. The new equity investment arrives as Win says it has experienced 440% compounded annualized growth rate at the close of 2021. The funding will support the growth of Win’s omnichannel platform […]
NEW YORK — Athletic Greens, a nutrition company that sells products under the AG1 brand, has raised $115 million in new funding led by Alpha Wave Ventures to grow its global nutrition brand. Athletic Greens is meeting the functional nutrition and high performance demands of today’s market through the world’s top-selling foundational nutrition drink, AG1, […]
NEW YORK – The number of professional remote work opportunities jumped again heading into the new year according to The Ladders Quarterly Remote Work Report. The report finds that 18 percent of all professional jobs are now remote. “This life-changing shift to remote work is progressing even more rapidly than anyone thought it would,” said […]
Jeff Zucker, President of CNN, has stepped down effective immediately after admitting to having an affair with a colleague at CNN that also worked as communications director for former Governor Andrew Cuomo. Brian Stelter, CNN’s media correspondent, posted a memo from Zucker on Twitter. Jeff Zucker just announced his resignation to a stunned CNN. pic.twitter.com/sWXYNBO20d […]
NEW YORK — Interchecks, a fast-growing instant payment infrastructure and service provider, announced it raised $16 million in Series B funding. The round was led by Senator Investment Group and Standard Investments, with participation from Bettor Capital, Commerce Ventures, Nuvei, and Shift4 Ventures. The funding will further Interchecks’ mission to power instant money-movement for fintech, […]
Law firm Baker McKenzie has added a big name — former Manhattan District Attorney Cyrus Vance Jr. — as a Partner in New York. One of the most well-known law enforcement officials in the US, Cy led the Manhattan District Attorney’s office for 12 years, overseeing major criminal prosecutions and an office of more than […]
ARMONK, NY — IBM announced it has acquired Boston-based Sentaca, a leading telecom consulting services and solutions provider. The acquisition will accelerate IBM’s hybrid cloud consulting business, adding critical skills to help communications service providers (CSPs) and media giants modernize on multiple cloud platforms, innovate, and transform their businesses. IBM said the acquisition closed on January […]
PURCHASE, NY — Rockstar Energy Drink, a division of PepsiCo, is creating a new kind of energy drink with the launch of Rockstar Unplugged. Rockstar Unplugged focuses less on providing a big hit of energy and more focus on enhancing good vibes with ingredients like hemp seed oil and B vitamins. The company says these […]
The NY Times has purchased Wordle, a viral word game created by a Brooklyn engineer, in the low seven figures according to the company. Josh Wardle, a software engineer in Brooklyn, released the guessing game to the public in October 2021. Wordle has exploded in popularity and has rapidly become a daily obsession for solvers. […]
Manhattan office buildings continue to remain nowhere near capacity and will likely stay that way according to a new study. The Partnership for New York City surveyed major employers between January 10 and January 18, 2022, to gauge the impact of the omicron variant on the pace of return to office among New York City […]