Daily business news in New York
Experienced media executive Jason Kilar has been named CEO of WarnerMedia, starting on May 1. WarnerMedia is a subsidiary of AT&T and was formerly known as Time Warner. It operates CNN, HBO, Turner Networks including TNT and TBS, and Warner Bros. Kilar, 48, previously was the founding CEO of Hulu and SVP at Amazon. He […]
NEW YORK – iHeartMedia and FOX announced that Camila Cabello, Dave Grohl, H.E.R. and Sam Smith will perform during the all-new benefit special FOX PRESENTS THE IHEART LIVING ROOM CONCERT FOR AMERICA on Sunday night at 9 p.m. EST, a music event to help fight the spread of the COVID-19 virus and to celebrate the […]
Car rental company Hertz says it will provide free vehicle rentals to New York City healthcare workers through April 30, 2020. Healthcare workers can now reserve a vehicle at 19 New York City-area Hertz locations so they can continue providing critical care to the community during the coronavirus (COVID-19) pandemic. “With New York City having the highest […]
PURCHASE, NY — PepsiCo — maker of Pepsi soda, Gatorade, Quaker Oats and Lay’s Chips –– said it will hire 6,000 additional workers and provide enhanced benefits to all U.S.-based employees and additional compensation to U.S. frontline employees – amidst the novel coronavirus (COVID-19) pandemic. The benefits are aimed at the women and men who make, move […]
NEW YORK — The NYC COVID-19 Response & Impact Fund has been launched by NY’s top charitable foundations to support New York City-based social services and arts and cultural organizations that have been affected by the current coronavirus public health crisis. The new $75 million fund will provide grants and interest-free loans to small and mid-size […]
Target says it will increase worker pay by $2 an hour until May 2 and possibly beyond. In addition, Target is offering a new option for all employees who are 65 or older, pregnant or those with underlying medical conditions to access paid leave effective immediately. Target will also pay bonuses to frontline team members, […]
The Home Depot, the world’s largest home improvement retailer, announced it is temporarily adjusting store hours in response to COVID-19. Beginning Thursday, March 19, stores will now close daily at 6 p.m., while opening hours will remain unchanged. The company has 2,292 Home Depot stores in all 50 states, Canada and Mexico with over 400,000 […]
NEW YORK – Fox Corporation has agreed to buy Tubi, a free ad-supported streaming service, for approximately $440 million in net cash. The Tubi deal is part of FOX’s long-term strategic initiative to broaden and enhance FOX’s direct-to-consumer digital reach and engagement. FOX will finance the deal by selling its stake in Roku, a maker […]
MGM Resorts International announced that it has temporarily closed Empire City Casino in Yonkers because of the coronavirus. The resort suspended operations as of 6 a.m. EST today. MGM Resorts anticipates re-opening Empire City Casino by March 28, but will continue to re-evaluate the status. Empire City is the first and only casino in New York State to […]
Supermarkets in New York and around the country are reducing hours to stock shelves and clean and sanitize due to the coronavirus. Stores have been experiencing a run on essential items for fear of quarantine and many chains are restricting sales of sanitizer, toilet paper and medicines. Wegman’s — a chain based in Rochester and […]