Daily business news in New York
Internet giant Amazon.com announced it will donate $1.75 million toward a new STEAM (Science, Technology, Engineering, Arts, and Math) high school in Onondaga County in Upstate New York. The STEAM school project, which is currently being called STEAM at Syracuse Central, is a joint effort from the City of Syracuse, the Syracuse City School District, […]
NEW YORK — Early results from an NYU Health study show that a new combination drug therapy is safe and effective against advanced skin cancer in patients who were not able to have their tumors surgically removed. The drug combination is among the first, researchers say, to demonstrate the potential value of a live common […]
LATHAM — Plug Power Inc., a leading provider of hydrogen solutions based in Upstate NY, together with Brookfield Renewable Partners L.P., announced plans to build a green hydrogen production plant utilizing 100% renewable energy from Brookfield Renewable’s Holtwood hydroelectric facility as part of previously announced partnership. The plant will be located along the Susquehanna River […]
NEW YORK — S&P Dow Jones Indices announced four companies will be added to the benchmark S&P 500 Index next week. S&P will also make the following index adjustments to the S&P 100, S&P MidCap 400 and S&P SmallCap 600 to ensure each index is more representative of its market capitalization range. The changes will […]
NEW YORK – American Express is teaming up with its subsidiary Resy to introduce The Outdoor Villages, a new program that supports and expands outdoor dining at 30+ of New York City’s most sought-after restaurants (including Balthazar, Jing Fong, King, Llama Inn, Loring Place, Nom Wah Tea Parlor, Sylvia’s, Via Carota, Cote and more – […]
Kelley Blue Book, a leading appraiser of car values, reported the estimated average transaction price for a light vehicle in the United States was $40,857 in January 2021. New-vehicle prices increased $2,110 (up 5.45%) from January 2020, while falling $295 (down 0.72%) from last month. “January 2021 prices are coming off a historical fourth quarter, with average transaction prices reaching more than $40,000 for the first time at the […]
SCHENECTADY — Two of the largest supermarket chains based in Upstate NY — Price Chopper and Tops — are planning to merge. Price Chopper, which operates 130 Price Chopper and Market 32 grocery stores and one Market Bistro, is based in Schenectady and founded by the Golub family in 1932. The chain employs 18,000 workers […]
NEW YORK — Sports Illustrated, the venerable sports magazine, announced the addition of new full-time staff, with an initial focus on expanding its NBA editorial team. Chris Herring will join SI on Feb. 15 as a senior writer. Herring most recently wrote for ESPN and FiveThirtyEight and prior to that was an NBA reporter with The […]
Trader Joe’s, the popular supermarket chain, with over 500 stores nationwide is giving employees an additional $2 hourly bonus beginning this month. Since the start of the pandemic in March, Trader Joe’s has provided all hourly Crew Members with an additional $2/hour “thank you” wage, in recognition of the work they do on the frontlines. […]
NEW YORK — Music magazine Rolling Stone announced that Jason Fine will be stepping down from his post as Editor to become Director of Content Development effective immediately. In this newly created role, Fine will oversee Rolling Stone’s multimedia projects including: Rolling Stone Films, documentaries, podcasts, and books. A new Editor has not been named. “Over […]