Daily business news in the Great State of New York!
NEW YORK — Shake Shack Inc. announced that its Board of Directors has appointed Rob Lynch to the role of Chief Executive Officer and board member, effective May 20, 2024. Mr. Lynch currently serves as President and CEO of Papa John’s International, Inc. and under his leadership, the Company has achieved record global system-wide sales. […]
NEW YORK — Carbyne, a next-generation provider of public safety communications, has secured an undisclosed investment from AT&T Ventures. The investment follows a successful launch of the relationship between AT&T and Carbyne, which was announced in June. AT&T has invested alongside existing investors Cox Enterprises (through Socium Ventures), Hanaco Growth, GMR International., Former CIA Director General David Petraeus, General Global […]
NEW YORK — Paramount Group announced it has signed a 74,000 square foot lease with Citizens Bank at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan. With this lease signing, the Company has made further progress leasing vacant space at 1301 Avenue of […]
ALBANY – For the first time in 30 months, home sales increased in New York in February, while inventory dropped yet again to its lowest point in recorded history, according to the housing report released by the New York State Association of REALTORS. Inventory of homes dropped 16.8 percent from 28,170 homes available in February […]
NEW YORK – Phil Mattingly has recently been named CNN Anchor/Chief Domestic Correspondent. In this new role, Mattingly will appear across CNN platforms and dayparts delivering enterprise reporting and continuing to anchor on a fill in basis across CNN. He will also participate in special coverage during the 2024 conventions and political special event programming. Mattingly’s […]
HICKSVILLE, NY — New York Community Bancorp has completed $1.05 billion of investments in the Company by Liberty Strategic Capital (“Liberty”), funds managed by Hudson Bay Capital Management, funds managed by Reverence Capital Partners, and other investors. Executive Chairman, President and Chief Executive Officer, Sandro DiNello stated, “The completion of this major equity raise demonstrates […]
Chipotle Mexican Grill — the national burrito chain — announced that its Board of Directors approved a 50-for-one split of its common stock. This would be one of the biggest stock splits in New York Stock Exchange (NYSE) history. Chipotle shares trade around $2,900 and would be the company’s first stock split ever. The stock […]
NBC News’ Hallie Jackson will become the new anchor of the Sunday edition of NBC Nightly News, beginning April 7. In addition to her new role, Jackson will continue to anchor Hallie Jackson NOW weekdays at 5:00-7:00 p.m. ET on NBC News NOW, NBC News’ 24/7 streaming news network. She will also retain her role as senior Washington correspondent, reporting across TODAY, NBC Nightly News […]
NexaMotion Group (NMG) announced the opening of its newest Arch Auto Parts store in Plainview, NY. The new store is located at 125 Newtown Road. This is the company’s fourth location in Nassau County. NexaMotion Group completed the acquisition of Arch Auto Parts in December of 2023 as part of its strategy to combine its core competencies across […]
Governor Kathy Hochul is reminding drivers that New York’s Move Over Law will soon be expanded to include all vehicles which will improve highway safety for everyone. Starting March 27, 2024, drivers will be required to take precautions, including slowing down and moving over, to avoid a crash with all vehicles stopped along the roadway. […]
NEW YORK — FlexPoint, a payments automation platform for managed service providers (MSPs) and the businesses they serve, has raised $35 million of capital through a combination of debt and equity to fund the growth of the company and its vision to provide MSPs with a financial platform to grow and run their businesses. The […]
The litigation boutique law firm MoloLamken LLP has announced that Lauren Dayton, Jennifer Fischell, and Eugene Sokoloff have been named partners in the firm. Lauren Dayton’s practice focuses on complex disputes and appeals, primarily business disputes and antitrust. Ms. Dayton joined MoloLamken after clerking for the Honorable Steven M. Colloton of the U.S. Court of […]
HUNTINGTON, NY — The Container Store, the nation’s leading retailer of organizing solutions, custom spaces, and in-home services, will open on Saturday, March 23rd, 2024 at the Huntington Shopping Center at 350 Walt Whitman Road, Huntington, NY 11746. This will be The Container Store’s 102nd retail location nationally and its sixth store in New York state. […]
AMSTERDAM, NY — Beech-Nut Nutrition Company, a leading baby and toddler food manufacturer, is launching seven new food and snacks made with ingredients like prebiotics, whole milk yogurt, fruits, and veggies. Organic Fruit & Yogurt Jars with Prebiotics: Beech-Nut is launching the first baby food offering available in a jar or tub with prebiotics. The […]
NEW YORK — Intenseye, a provider of AI-powered workplace safety solutions, has secured $64 million in series B funding led by new investor Lightspeed Venture Partners with participation from existing investors Insight Partners, Point Nine, and Air Street Capital. This latest infusion of capital is the industry’s largest ever and follows a historic year for Intenseye, marked by the […]