Daily business news in the Great State of New York!
NEW YORK — Manhattan’s Avenue B on the Lower East Side is welcoming the new Populares Mexican Restaurant & Bar. The modern boutique establishment brings a fresh perspective to traditional Mexican cuisine with an aim to delight diners. Serving up popular Mexican dishes infused with a contemporary twist, guests will enjoy tasty entrees and drinks […]
NEW YORK — JPMorgan Chase leaders and community partners cut the ribbon on a new Community Center branch in the Grand Concourse neighborhood of the Bronx. This branch, the second of its kind in the city, is built to expand access to banking, tools and advice to help customers get on a path to financial […]
NEW YORK — Nagomi Security, a provider of cyber security and threat exposure management, has emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with Seed funding from Team8, and the recent round was […]
NEW YORK — Summer Health, a digital health company offering 24/7 pediatric support to parents via text message, announced $11.65 million in Series A Funding, co-led by new investor 7wire Ventures and returning investor Lux Capital. Returning investors Sequoia Capital, Metrodora Ventures, Box Group, and Shrug Capital participated, with new participation from Pivotal Ventures, a Melinda […]
NEW YORK — Betterment, the largest independent digital investment advisor in the United States, has reached an agreement with Goldman Sachs to acquire Marcus Invest’s digital investing accounts. Marcus Invest, which offers digitally customized investment portfolios to consumers, will transfer these accounts to Betterment in the coming months. Marcus Invest will shut down. Terms of the agreement were […]
NEW YORK — HUE, the NYC-based apparel brand known for its legwear, is expanding into the footwear category with the launch of a new line of shoes, “Liflats”. These stylish and comfortable flats are designed with arch support (a lift) to promote better overall health. The new collection is set to go on sale this month. Founded […]
NEW YORK — Celebrating the 40th anniversary of The Glaucoma Foundation, former CBS Late Show host David Letterman was front and center at TGF’s April 18th Gala in New York City, where he received the Foundation’s inaugural Chairman’s Spotlight Award. TGF Chairman Gregory K. Harmon, MD said, “This new award puts a spotlight on the transformative effect individuals can […]
BROOKLYN — Anthropologie Group’s home and garden brand, Terrain, has opened at Brooklyn Botanic Garden (BBG) a new immersive retail experience located within BBG’s storied 52-acre landscape. The partnership is rooted in a shared passion for horticulture and both partners’ authority in their respective domains. It is the first store of its kind for Terrain and a […]
NEW YORK – New York City is launching LockerNYC, a free pilot program that will utilize lockers installed on public sidewalks throughout multiple boroughs to allow New Yorkers to receive secure package deliveries. Statistics show that 80 percent of households in New York City receive at least one delivery per week and 20 percent receive four […]
NEW YORK — JetBlue has announced several leadership and organizational updates at the New York-based airline: Daniel Shurz has been named JetBlue’s new head of revenue, network, and enterprise planning. Over the past 20 years Shurz has served as vice president, network planning for Air Canada and senior vice president, commercial for Frontier Airlines, and held strategy […]
NEW YORK – NYC Mayor Eric Adams unveiled new details and renderings of a once-in-a-generation office tower at 350 Park Avenue that will be home to more than 6,000 jobs in Midtown Manhattan. After filing an application with the New York City Department of City Planning, Vornado Realty Trust, Kenneth Griffin, and Rudin are advancing a […]
NEW YORK — Ilant Health, a provider of obesity management and cardiometabolic health solutions, announced the extension of its seed round of fundraising from $3 million to $5.5 million. The women-led startup received additional funds from a combination of new health-oriented investors, including funds from LifeX Ventures, Celtic House Asia Partners, and Cornucopian Capital, as […]
Adro, a New York-based company making financial services more accessible for international students and workers, has raised a $1.5 million pre-seed funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate. With no Social Security Number and limited U.S. credit history, international students and workers struggle to access basic banking upon arrival. Led by Amarildo Gjondrekaj (formerly of Mastercard, Harness), Sara […]
NEW YORK — SL Green Realty Corp. announced three new tenants have signed leases covering 104,110 square feet at One Madison Avenue. The 1.4 million-square-foot, new office tower located in Manhattan’s Midtown South submarket is now 63.6% leased with the lease up of all tower floors completed. A publicly traded financial services firm signed a […]
LONDON and NEW YORK – Allen & Overy (A&O) and Shearman & Sterling (Shearman) have announced the first partner promotions for the combined firm, A&O Shearman. A total of 40 partners have been elected to the partnership by their current respective firms. A&O elected 32 partners and Shearman elected eight, consistent with the relative size […]