Hospital

Hospital Visits Down 54% Nationwide in April

A new analysis of over 2 million patient visits and encounters from 228 hospitals in 40 states by research firm Strata Decision Technology is the first to provide a detailed view of the level of reduction in patients accessing healthcare and the associated impact on the health of patients and the nation’s hospitals. The study reveals […]

Funding

DigitalOcean Valued at $1.15 Billion With $50 Million Funding

NEW YORK – DigitalOcean, which operates a cloud-based service for developing software, announced it has closed a $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z). The funding follows the $320 million debt financing in February and brings DigitalOcean’s equity valuation to $1.15 billion. “We are excited about this investment […]

Funding

Cockroach Labs Closes $87 Million Series D

New York-based Cockroach Labs has closed an $87 million series D financing round co-led by Altimeter Capital and Bond Capital. Altimeter led the company’s $55 million Series C funding last August. Other investors in Cockroach Labs include Tiger Global, GV — formerly Google Ventures — and Benchmark, Index Ventures, Redpoint Ventures, FirstMark Capital, and Work-Bench. […]

Funding

Goldman Sachs Invests in WhiteOps

NEW YORK – White Ops, a provider of bot mitigation and fraud protection, says it has received an undisclosed investment from Goldman Sachs Merchant Banking Division and ClearSky Security to support its next phase of growth. With this investment, a member of the Goldman Sachs team will join representatives from previous investors Paladin Capital Group […]

Government

NYS Pays Out $7.4 Billion in Unemployment

ALBANY – The New York State Department of Labor today announced that in just over a month, more than 330,000 New Yorkers have been approved for the Pandemic Unemployment Assistance (PUA) Program, which provides unemployment benefits to individuals who do not qualify for traditional unemployment insurance. In total, the Department of Labor has now paid […]

News

Broadway Shows Canceled Thru September 6

NEW YORK – There will be no shows on Broadway this summer. With the ongoing suspension of Broadway performances due to COVID-19 continuing until further notice, the Broadway League — the trade association for Broadway industry — is updating information regarding performance cancellations and ticketing refunds. While a date to resume performances is yet to […]

News Retail

PepsiCo Launches New Sites to Sell Snacks to Customers

PURCHASE, NY — As consumers increasingly turn online to stock their homes and apartments for food and beverages during the coronavirus pandemic, PepsiCo, Inc. has just launched two of its own sites to sell snacks directly to customers. PantryShop.com and Snacks.com are two new websites where shoppers can order an assortment of PepsiCo’s best known […]

Media News

Wall Street Journal Reports Over 2 Million Digital Subscribers

NEW YORK — The Wall Street Journal, a division of News Corp., said it has surpassed over 2.2 million digital subscribers in May and has a total of nearly 3 million paid subscribers including the print newspaper. As part of the company’s third quarter earnings report ending March 31, News Corp also noted that The […]

News

Coty Gets Cash Infusion From KKR

NEW YORK — Beauty products company Coty Inc. announced a strategic partnership with investment firm KKR which will provide the Company with an initial investment of $750 million through the sale of convertible preferred shares to KKR. Additionally, Coty and KKR signed a Memorandum of Understanding (“MOU”) for the sale of a majority in Coty’s […]

Government

NY Paid Over $6.8 Billion in Unemployment Benefits

ALBANY — The NYS Department of Labor announced on May 8 that $6.8 billion in unemployment benefits has been paid to New York workers since the beginning of the COVID-19 pandemic. This amount, paid over the course of two months, is more than three times the $2.1 billion the department paid in total unemployment benefits […]