News

Party City to Close 45 Stores

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 […]

Media News

Altice USA Buying Cheddar for $200 Million

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: […]

Funding

UiPath Lands Whopping $568 Million Investment

NEW YORK — UiPath, a robotic process automation (RPA) software company, has landed a staggering $568 million Series D investment round giving the company a valuation of $7 billion. The new funding was led by investment firm Coatue and joined by Dragoneer, Wellington, Sands Capital, and funds advised by T. Rowe Price Associates, Inc. Accel, who led […]

Real Estate

Tallest Brooklyn Building Tops Out

BROOKLYN — Real estate firm Extell Development Company announced that the company’s first Brooklyn project, Brooklyn Point, has reached a major construction milestone with its topping out. At 720 feet high, the 68-story luxury building has become the tallest in Brooklyn — eclipsing the Hub skyscraper at 610 feet — the previous tallest building in […]

News

Centerbridge to Buy IBM’s Marketing and Commerce Software

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 […]

Funding

1stdibs.com Scores $76 Million Investment

NEW YORK — 1stdibs.com, which operates a marketplace for luxury furnishings, jewelry, fine arts and vintage fashion, has secured a Series D funding round of $76 million. 1stdibs plans to use the proceeds to invest in its core business, grow adjacent categories, expand internationally and make strategic acquisitions. The round attracted both new and existing […]

tv

Saturday Night Live Names Guests for Next 3 Weeks

NEW YORK – NBC’s Saturday Night Live is back live for the next three Saturdays and has released its upcoming host list. Sandra Oh will make her “Saturday Night Live” hosting debut on March 30. Oh, a Golden Globe and SAG Award winner, stars in BBC America’s “Killing Eve,” which returns for its second season on […]

Transportation

Blade Promises All Day Helicopter Service to JFK

NEW YORK – Sometimes taxis are just too slow. Helicopter company BLADE said it will begin launching continuous helicopter flights between Manhattan and John F. Kennedy Airport (“JFK”) every weekday from 7:00 am to 7:00 pm for $195 per person. According to the company, the shared flight service will be the largest Urban Air Mobility (“UAM”) initiative […]

News

Dow Replacing DowDuPont in Dow Jones Average

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 […]

Funding

Fi Launches GPS Smart Dog Collar

NEW YORK — Fi, a Brooklyn-based dog technology company, is looking to reinvent the dog collar with GPS tracking and put an end to lost dogs. Fi said it also raised Series A financing of $7 million led by RRE Ventures with participation from existing seed investors Lerer Hippeau, Freestyle VC, and other prominent tech […]