Daily business news in New York
Macy’s, the largest department store chain in the country, says it will furlough most of its 125,000 employees as all stores remain closed due to the COVID-19 outbreak. The company operates 775 locations under the names Macy’s, Bloomingdales and Blue Mercury. Furloughed employees will receive no pay. Beginning April 1, all employees at the director-level […]
(Photo: The USNS Comfort is escorted by U.S. Coast Guard, New York Police Department and New York Fire Department as it sails below the Verrrazano Bridge as the ship arrives in in New York City. NEW YORK — The U.S. Navy hospital ship USNS Comfort (T-AH 20) arrived in New York City Monday in support […]
NEW YORK — Kallyope Inc., a biotechnology company focused on identifying and pursuing therapeutic opportunities involving the gut-brain axis, has landed a $112 million Series C financing. The new investment will be used to advance its portfolio of programs and the company’s first clinical trials, further establishing its leadership in the gut-brain axis field. Kallyope […]
Costco, the nation’s leading membership warehouse chain, is closing at 6:30 p.m. on weekdays starting on Monday, March 30. This is usually two hours earlier for most stores. Gas stations at Costco will close at 7 p.m. Weekend store hours will remain the same. Costco has seen a huge surge in business over the last […]
NEW YORK – iHeartMedia and FOX announced that Camila Cabello, Dave Grohl, H.E.R. and Sam Smith will perform during the all-new benefit special FOX PRESENTS THE IHEART LIVING ROOM CONCERT FOR AMERICA on Sunday night at 9 p.m. EST, a music event to help fight the spread of the COVID-19 virus and to celebrate the […]
NY Governor Andrew Cuomo (photo above) announced that the first 1,000-bed temporary hospital is now complete at the Jacob K. Javits Convention Center on the West Side of Manhattan. This temporary hospital site is part of the Governor’s goal of having a 1,000-plus patient overflow facility in each NYC borough as well as Westchester, Rockland, […]
National restaurant chain Cheesecake Factory revealed in a filing with the SEC that it has furloughed 41,000 restaurant employees nationwide which includes waiters, waitresses, bartenders and kitchen cooks. The company employs 46,000 people overall. The furloughed staff members will retain their benefits eligibility and insurance until June 1, 2020 and will be provided a free […]
Car rental company Hertz says it will provide free vehicle rentals to New York City healthcare workers through April 30, 2020. Healthcare workers can now reserve a vehicle at 19 New York City-area Hertz locations so they can continue providing critical care to the community during the coronavirus (COVID-19) pandemic. “With New York City having the highest […]
Wakefern Food Corp., the retailer-owned cooperative and parent of ShopRite supermarkets, is giving hourly workers a $2 per hour boost for the next month along with enhanced sick and leave benefits. The program would impact tens of thousands of employees working across ShopRite, The Fresh Grocer, Price Rite Marketplace, Dearborn Market and Gourmet Garage stores […]
NY’s Metropolitan Transportation Authority (MTA) is responding to the COVID-19 pandemic by focusing on moving healthcare workers, first responders and essential personnel on the frontlines of this public health crisis. With a dramatic drop in ridership over the past few weeks, the Authority announced the implementation of the “NY Essential Service Plan.” The reduced schedule […]