Daily business news in New York
NEW YORK — LendingFront, a provider of small business lending software provider, has raised a $4 million Series A funding round led by Information Venture Partners with participation from Newark Venture Partners, Revel Partners, Contour Venture Partners and existing investors Struck Capital, ValueStream Ventures and Las Olas VC. The funding will be used to help […]
NEW YORK — Piano, a service that helps digital media companies monetize their brands, has raised a $22M Series B funding round, led by Updata Partners of Washington, DC. The Piano platform is comprised of an integrated suite of intelligent business tools and includes a subscription commerce engine (Piano VX), a customer experience toolkit (Piano Composer), […]
NEW YORK — WeWork, the largest private office tenant in New York City, is changing its name to The We Company. The We Company encompasses three different business lines: WeWork, WeLive, and WeGrow. WeWork develops flexible office space in major cities; WeLive offers furnished, flexible apartments; and WeGrow offers education for students. The new We […]
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 […]
NEW YORK—Mayor Bill de Blasio delivered his sixth State of the City Address on Thursday. Taking the stage at the Symphony Space on Manhattan’s Upper West Side, the Mayor highlighted a series of sweeping proposals aimed at fighting income inequality across New York City. Policy promises focused on health care, workers’ rights, and tenant protection […]
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 […]
NEW YORK — MetLife has named Michel Khalaf, president, U.S. Business and EMEA, will become MetLife’s president and chief executive officer on May 1, 2019. Khalaf also has been appointed to the MetLife board effective May 1. Steven Kandarian, who is retiring, will continue to serve as chairman, president and CEO through April 30, 2019. […]
NEW YORK – Schrödinger, a privately held company working on new drug discovery through advanced molecular simulations, has closed an $85 million financing to support continued growth and innovation of its computational platform and expansion of its drug discovery pipeline. The Bill and Melinda Gates Foundation Trust and WuXi AppTec’s Corporate Venture Fund co-led the […]
NEW YORK & SEATTLE — Investment firm KKR and Altavair AirFinance, a leader in commercial aviation finance, have agreed to form a venture for leased commercial aircraft. KKR will make a $1 billion capital commitment primarily from its credit and infrastructure funds, which may be supplemented with additional commitments over time, to acquire commercial aircraft […]
Ginni Rometty — Chairman, President and CEO of IBM — will deliver the opening keynote at CES 2019 on Tuesday, Jan. 8 in Las Vegas. CES (formerly known as the Consumer Electronics Show) is the largest and one of the most influential technology events in the world. Rometty will speak on how technologies like artificial […]