Daily business news in the Great State of New York!
The U.S. Food and Drug Administration has officially approved the first COVID-19 vaccine. The vaccine has been known as the Pfizer-BioNTech COVID-19 Vaccine, and will now be marketed as Comirnaty (koe-mir’-na-tee), for the prevention of COVID-19 disease in individuals 16 years of age and older. The vaccine also continues to be available under emergency use […]
Zales, one of the nation’s leading mall-based jewelry retailers with over 700 stores, has formed an exclusive deal to sell Serena Williams Jewelry, the fine jewelry collection of 23-time Grand-Slam tennis champion Serena Williams.. The popular diamond store will become the sole retailer of Serena Williams Jewelry in the United States, which includes new designs […]
Wegmans, a popular Rochester-based supermarket chain, will open its first Manhattan store with developer Vornado Realty Trust. The Manhattan Wegmans, scheduled to open in the second half of 2023, will be located at Vornado’s 770 Broadway, the former site of the Astor Place Kmart. Wegmans opened its first NYC store in the Brooklyn Navy Yard […]
NEW YORK — JetBlue — the sixth-largest U.S. airline — officially began transatlantic service this week with new, nonstop service between New York’s John F. Kennedy International Airport (JFK) and London Heathrow Airport (LHR). The one daily flight begins new service from the U.S. to the United Kingdom. JetBlue now operates in 26 countries. (Photo […]
CVS Health, operator of the nation’s largest drug store chain with over 9,900 locations nationwide, said it will raise its minimum wage to $15 an hour effective July 2022. The company will begin making increases to the company’s hourly rates starting this month. Approximately 65 percent of employees earning hourly wages already make more than $15 an […]
PURCHASE, NY — Snack and beverage company PepsiCo announced that it has entered into an agreement with private equity firm PAI Partners (PAI) to sell Tropicana, Naked and other select juice brands across North America, and an irrevocable option to sell certain juice businesses in Europe, which will result in combined pre-tax cash proceeds of […]
The New York State Thruway Authority announced construction will begin this month during the busy summer travel season on a $450 million project to redevelop the 27 service areas located on the NYS Thruway. The service areas were originally built in the 1950s, with the last significant redevelopment taking place in the 1990s. On July 29, […]
NY Governor Andrew Cuomo officially announced the opening of the LEGOLAND New York Resort in Goshen, Orange County – the first new major theme park in the Northeast in more than four decades. The park was originally supposed to open in 2020 but delayed until this year due to the pandemic. Developed by Merlin Entertainments, […]
PURCHASE, NY — The Stop & Shop supermarket chain says it is looking to fill more than 1,000 part-time jobs across the New York Metro area. The available positions include part-time roles in-store, as well support for its ecommerce operations on Long Island. Stop & Shop has more than 150 store positions available across New […]
NEW YORK –– Investment bank Morgan Stanley is teaming up with Microsoft Corp. on a strategic cloud partnership aimed at accelerating the firm’s digital transformation and shaping the future of innovation in the financial services industry. The companies will strike a unique collaboration to unlock the opportunities that Microsoft’s cloud provides with a specific view […]
NEW YORK — American Express and the National Trust for Historic Preservation have chosen 25 historic and culturally significant restaurants in the U.S. owned by underrepresented groups that will receive funding through the “Backing Historic Small Restaurants” Grant Program. Each restaurant will receive $40,000 in grants funded by American Express and administered by the National […]
NEW YORK — The Goldman Sachs Group announced the initial foundational grant, capital investments and philanthropic grants for the One Million Black Women initiative, which has committed more than $10 billion to advance racial equity and economic opportunity by investing in Black women. The One Million Black Women Advisory Council, which consists of 17 Black business and community […]
HBO Max announced it will debut an ad-supported version of its streaming subscription service the first week of June. Consumers will have a choice between the existing ad-free version of HBO Max at $14.99 per month, or an ad-supported experience for $9.99 per month. Both HBO Max tiers offer access to original programming, as well […]
NEW YORK — Life Time — a fitness chain known for its supersized clubs – has opened its third New York City location in less than six months, and fourth in the city with a new NoHo club in Cooper Square. Life Time is investing in New York City with plans to bring six new clubs to the city […]
NY Governor Andrew Cuomo announced that Broadway shows will fully reopen their doors this September 14 after shutting down for a year and a half due to the pandemic. Beginning May 6, and throughout May, tickets for Broadway shows will be available for sale at 100 percent of theater capacity. The long-awaited announcement builds upon […]