Daily business news in the Great State of New York!
After more than two years of construction, Apple has reopened its flagship underground store on Fifth Avenue which features a clear glass Apple cube on the street level. The store reopened just in time with the launch of Apple’s new iPhone 11 lineup of smartphones and new versions of the Apple Watch and iPad. Apple […]
NEW YORK — CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the prestigious S&P 500 index prior to the open of trading on Monday, September 23. S&P 500 constituent Global Payments Inc. (NYSE: GPN) is acquiring Total System Services in a transaction expected to be completed after the market close today. CDW Corp […]
CARLE PLACE, NY — 1-800-Flowers.com, known for its delivery of flowers and gift baskets, is expanding The Plant Shop on its site, introducing some of the most sought-after plants for home décor enthusiasts, gift-givers and plant lovers alike. With this expansion, The Plant Shop at 1-800-Flowers.com now offers nearly 150 plants, including houseplants, blooming plants, succulents, bonsai, bamboo and more. […]
NEW YORK and BERKELEY HEIGHTS, NJ — CityMD, the leading urgent care provider in the New York metro area with 120 locations, and Summit Medical Group, a NJ-based operator of independent multispecialty medical practices, have announced the completion of their merger. Terms of the deal weren’t disclosed. The merger is the first-of-its-kind between an urgent care provider and an […]
NEW YORK — S&P Dow Jones Indices is adding two companies to the S&P 500, and also making changes to the S&P MidCap 400 and S&P SmallCap 600: S&P MidCap 400 constituents Leidos Holdings Inc. (NYSE:LDOS) and IDEX Corp. (NYSE:IEX) will replace Anadarko Petroleum Corp. (NYSE:APC) and Foot Locker Inc. (NYSE:FL) respectively in the S&P […]
SCHENECTADY — Look out Las Vegas, New York is now taking sports bets. For the first time in history, Rivers Casino in Schenectady officially began accepting legal sports bets Tuesday morning at a brand new sports lounge that has the look and feel of ones found in Las Vegas casinos. New York now joins neighboring […]
ARMONK, N.Y. and DALLAS — IBM has formed a multi-year strategic alliance with AT&T, one of the nation’s largest phone companies and owner of Warner Media. Under the agreement AT&T Communications will use IBM’s expertise to modernize AT&T Business Solutions’ internal software applications, enabling migrations to the IBM Cloud. In addition, IBM will provide infrastructure to support […]
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, […]
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 […]
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 […]
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 […]
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: […]
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 […]
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 […]
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 […]