Daily business news in the Great State of New York!
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 […]
Warner Bros., a division of WarnerMedia and parent company AT&T, has shocked the movie industry by announcing it will release Wonder Woman 1984 and all of its 2021 movies on HBO Max and movie theaters simultaneously. Warner Bros. will continue to exhibit the films theatrically worldwide, while adding an exclusive one month access period on […]
There is light at the end of the tunnel for dealing with the Covid-19 pandemic. Pfizer has begun distributing its vaccine to combat the virus around the country mafter receiving emergency authorization approval from the FDA on Friday. Pfizer developed the vaccine in collaboration with BioNTech in Germany. Under Operation Warp Speed, the Department of […]
NEW YORK – Discovery, Inc., which operates cable networks Discovery Channel, HGTV, Food Network and Travel Network, is joining the streaming media wars with the global launch of discovery+, debuting in the U.S. next month on January 4, 2021. discovery+ will be available in the U.S. starting at $4.99 per month, with an ad-free version available […]
NEW YORK — NBC and TIME Studios are partnering for the first-ever “TIME Person of the Year” special featuring exclusive coverage of TIME magazine’s choice for the individual or group that has had the greatest influence on the events of the year, set for Thursday, Dec. 10 at 10 p.m. In addition to the winner of 2020 […]
NEW YORK — ViacomCBS Inc. is selling its publishing business Simon & Schuster to Penguin Random House, a wholly owned subsidiary of Bertelsmann SE & Co. KGaA, for $2.175 billion in cash. The sale is part of ViacomCBS’ strategy to unload core assets and focus on its TV networks and film business following the merger […]
Amazon, the leading online retailer, announced it will pay more than $500 million to front-line employees this holiday season. U.S. Operations employees who work at the company from December 1 to December 31 will qualify for a bonus of $300 for full-time employees and $150 for part-time employees. Combined with other holiday pay incentives, in […]