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Amy’s Kitchen to Build Manufacturing Hub in Orange County

Amy’s Kitchen, a leading organic food manufacturer based in Santa Rosa, CA, has broken ground on a 389,000-square-foot specialty frozen food manufacturing facility in Goshen, Orange County NY as its East Coast hub. The facility, which will be one of the largest previously-undeveloped manufacturing plants to select New York State in more than 30 years, […]

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Bemis to Replace Mattel in S&P 500

NEW YORK — Bemis Company Inc. (NYSE: BMS). a maker of packaging products, is joining the prestigious S&P 500 Index this Friday. Bemis will replace toy maker Mattel Inc. (NASD: MAT) in the S&P 500, and Mattel will replace Bemis in the S&P MidCap 400 effective prior to the open of trading on Friday, June […]

Media News

NY Times Launches Parenting Site

The NY Times has launched a new site focused on parenting. NYT Parenting is a site for new and expecting parents who want help having and raising kids today. Whether readers are struggling with fertility or feeling burnt out at home with little kids, in the Parenting section the NY Times will provide guidance and […]

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Party City to Close 45 Stores

ELMSFORD, NY — Party City won’t be celebrating this news. The Westchester-based party goods chain said it will close 45 of its locations this year. There are currently 870 Party City stores across the country.  The store closures will take place throughout the year. Party City also reported first quarter results and blamed a global […]

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Altice USA Buying Cheddar for $200 Million

LONG ISLAND CITY — Altice USA, which has 4.9 million residential and business customers with a major presence in the NY metro area including Long Island and Westchester counties, has agreed to acquire Cheddar, the digital-first news company, for $200 million. (Photo: Jon Steinberg, CEO of Cheddar, and Dexter Goel, CEO of Altice USA, Source: […]

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Centerbridge to Buy IBM’s Marketing and Commerce Software

NEW YORK & ARMONK, NY — Private equity firm Centerbridge Partners has struck a deal to buy IBM’s marketing platform and commerce software offerings. The transaction is expected to close in mid-2019, subject to completion of applicable regulatory reviews and customary closing conditions. Terms of the deal weren’t disclosed. After closing, Centerbridge intends to form […]

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Dow Replacing DowDuPont in Dow Jones Average

NEW YORK — Dow Inc. (NYSE: DOW) is going to replace DowDuPont Inc. (NYSE: DWDP) in the Dow Jones Industrial Average (DJIA) effective prior to the open of trading on Tuesday, April 2, 2019. The Dow Inc. name is not related to the Dow Jones name, which was originally created by journalist Charles Dow, who also founded The Wall Street […]

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Viacom Buys Pluto TV for $340 Million

NEW YORK — Viacom is expanding its streaming TV business with a deal to acquire Pluto TV, the leading free streaming television service in U.S., for $340 million in cash. Viacom operates cable channels including MTV, Nickelodeon, Comedy Central, BET and CMT. It also owns digital studio AwesomenessTV. Founded in 2013, Pluto TV is headquartered in Los Angeles […]

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Le Macaron French Pastries to Expand in NY

NEW YORK — Le Macaron French Pastries, a French patisserie with 50 locations, is planning to open more than 20 locations in NY in the next five years. The chain offers guests authentic French macarons and pastries. Already in the NY market is franchisee Frank Kelly whose Yonkers Le Macaron location has been in operation […]

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IBM Earns Record 9,100 Patents in 2018

ARMONK, NY — Inventors at IBM received a record 9,100 patents in 2018, marking the company’s 26th consecutive year of U.S. patent leadership. IBM led the industry in the number of artificial intelligence (AI), cloud computing, security and quantum computing-related patent grants. “IBM is committed to leading the way on the technologies that change the way […]