Daily business news in New York
NEW YORK — FOX News Media has signed former Trump economic advisor Larry Kudlow (Photo above. Source: Twitter) to its network as a contributor. Kudlow had served as United States National Economic Council Director for President Donald Trump since 2018 and was previously a commentator on CNBC for three decades. Kudlow will serve as a […]
Chipotle Mexican Grill, with over 2,700 locations nationwide, announced its first national hiring event of the year called ‘Coast To Coast Career Day’ on Thursday, January 14th. The chain has a goal of employing 15,000 new team members for its restaurants across the U.S. Chipotle said it promoted 11,000 workers last year and plans to […]
ARMONK, NY — IBM scientists and researchers received 9,130 U.S. patents in 2020, the most of any company, marking 28 consecutive years of IBM topping the U.S patent list. IBM led the industry in the number of artificial intelligence (AI), cloud, quantum computing and security-related patents granted. “The world needs scientific thinking and action more […]
PURCHASE, NY — PepsiCo has announced 10 finalists from around the world that will join its fifth annual Greenhouse Accelerator, a mentor-guided program supporting the acceleration of the latest innovators that seek to transform the ways consumers eat, drink and live their lives. This year’s Greenhouse Accelerator program looks outside the box in areas like […]
NEW YORK — Peloton, maker of high-end exercise bikes and treadmills, has agreed to acquire Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence, in a deal valued at $420 million. Precor makes a variety of fitness equipment including stationary bikes, spinning bikes, ellipticals, weight-lifting machines and treadmills. With […]
LATHAM, NY — Plug Power Inc., a provider of hydrogen engines and fueling solutions, is supplying Walmart, its first multi-site GenKey hydrogen and fuel cell customer, with sustainable solutions for use in its eCommerce network. Plug, located in Upstate NY just down the road from Albany Airport, has seen its stock soar nearly 1,000% this […]
NEW YORK — Deerfield Management Company, a New York City-based healthcare investment firm, announced the launch of the X-Seed Award, a new program designed to support early-stage life science startups. Award winners will be women and other minority founders in New York City. The X-Seed Award was created by Deerfield as a result of the […]
NY Governor Andrew Cuomo announced that the New York State Clinical Advisory Task Force, following the FDA’s advisory committee’s recommendation for emergency use authorization of Moderna’s COVID-19 vaccine, has reviewed and approved use of the vaccine in New York. This is the second vaccine approved for use against the coronavirus, following Pfizer earlier this month. […]
Cornell University in Ithaca, NY announced it has a received a $100 million-plus donation from alumnus Ann S. Bowers ’59 that will create a new College of Computing and Information Science (CIS) in her name. (Photo above: Ann Bowers at a Cornell event in 2017. Cornell Chronicle) The exact amount of the donation wasn’t released […]
SiriusXM, the leading satellite audio entertainment company in the United States, has successfully launched a new state-of-the-art satellite in space last Sunday. SXM-7, a high-powered digital audio radio satellite built by Maxar (Photo above), was launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral, FL on Sunday. Shortly afterward, SXM-7 deployed its solar arrays […]