Daily business news in New York
NEW YORK — The New York Times Company has promoted chief operating officer, Meredith Kopit Levien, to succeed Mark Thompson as president and chief executive officer, effective Sept. 8. Ms. Kopit Levien, 49, will join The Times Company’s Board and Mr. Thompson will step down as an officer and director of The Times Company. Kopit […]
Lululemon, maker of athleticwear, has agreed to acquire MIRROR, an in-home fitness company based in NY that features live and on-demand classes with its two-way mirror screen, for a purchase price of $500 million. MIRROR’s primary product is a device that sells for $1,495 and can be placed in your home, apartment or almost anywhere […]
PURCHASE, NY – Mastercard announced it has entered into an agreement to acquire Finicity, a Utah-based provider of real-time access to financial data and insights. Mastercard will pay $825 million for the company, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met. […]
NEW YORK — SiriusXM has agreed to buy Simplecast, a podcast management platform that helps podcasters publish, manage, and measure their content. Simplecast is based in upstate Troy, NY and the price of the deal was not disclosed. SiriusXM plans to pair the Simplecast solution with the monetization platform of AdsWizz, the adtech subsidiary of […]
Two weekly newspapers covering the East End of Long Island – Dan’s Papers and The Independent — are merging together to form “Dan’s Independent Media.” The combined company will bring together Dan’s Papers—the multiplatform news, entertainment, events and digital media company—with The Independent, the East End’s largest newspaper, known for its in-depth news reporting and features. […]
NEW YORK — Vroom, an online platform for buying and selling used cars, saw its stock take off on the Nasdaq exchange Tuesday. Trading under the symbol VRM, the NY-based company sold 21.25 million shares at $22 each and raised $468 million. Shares in Vroom closed trading Tuesday at $47.90, more than double its offering […]
Right in time for summer, the Jack Daniel Distillery — best known for its whiskey — is launching the new Jack Daniel’s Canned Cocktails series featuring Jack & Seltzer; Jack & Cola; and Jack, Honey & Lemonade, available in select markets beginning this month. Each cocktail is made with Jack Daniel’s Tennessee Whiskey, perfectly mixed […]
MELVILLE, NY — Canon U.S.A., the maker of cameras and imaging solutions, says it can measure crowd sizes in real-time with new software fittingly named the Crowd People Counter. The video content analysis software can quickly provide event management teams and law enforcement agencies the ability to gather crowd size data in real-time. The gathering and analysis of […]
NEW YORK — Hershey’s ranked the top consumer goods brand in the U.S. folllowed by Kellogg’s and Ben and Jerry’s according to a study by brand marketing firm MBLM. The consumer goods industry ranked fifth out of 15 industries studied in MBLM’s Brand Intimacy 2020 Study, which is the largest study of brands based on emotions. With surging […]
NEW YORK – There will be no shows on Broadway this summer. With the ongoing suspension of Broadway performances due to COVID-19 continuing until further notice, the Broadway League — the trade association for Broadway industry — is updating information regarding performance cancellations and ticketing refunds. While a date to resume performances is yet to […]