Daily business news in the Great State of New York!
WASHINGTON—The Office of the Comptroller of the Currency (OCC) announced a $250 million civil money penalty against JPMorgan Chase Bank, N.A. (JPMC) related to deficiencies in its trade surveillance program. The Federal Reserve Board also issued an enforcement action against JPMorgan Chase & Co. and fined the firm approximately $98.2 million for an inadequate program […]
NEW YORK — JetBlue has expanded its transatlantic offerings with new, nonstop flights taking off from New York and Boston to Dublin, Ireland. Daily seasonal service from New York’s John F. Kennedy International Airport (JFK) and Boston’s Logan International Airport (BOS) to Dublin Airport (DUB) will operate through September 30, 2024. JetBlue first launched trans-Atlantic […]
NEW YORK — Revo, which uses NASA technology in its premium sunglasses, has opened its first U.S. brick-and-mortar retail store in Manhattan’s SoHo neighborhood. The retail showroom is located at 436 West Broadway. The recently completed store will introduce an exclusive and engaging shopping experience to both loyal Revo enthusiasts and those discovering the iconic brand for […]
NEW YORK — 360PR+ has relocated its New York office to expanded space at newly developed 60 Charlton Street, in the heart of the Hudson Square district in Western Soho that is now home to a growing number of creative, media, entertainment and technology businesses. The agency, founded in 2001, first opened its New York office in 2011 and has […]
NEW YORK — Real estate developer Soloviev Group has signed a 23,033 square foot lease on the 45th floor by private equity firm Tikehau Capital in 9 West 57th Street, the iconic 50-story structure designed by Skidmore, Owings & Merrill (SOM). This long-term lease marks a major milestone for Stefan Soloviev, chairman of the Soloviev Group, […]
NEW YORK — Coldwell Banker Warburg, which specializes in New York luxury real estate, has announced broker Kathy Kaye and agent Lorraine Baker have joined the firm. Kaye (photo above) joins with a legendary track record of property sales, amassing more than $200 million in her career, while Baker also brings over $200 million in career sales to the company. “Lorraine is […]
U.S. Senate Majority Leader Charles E. Schumer and U.S. Congressman (NY) Joe Morelle today announced over $90 million in federal funding from the U.S. Department of Energy’s (DOE) Clean Hydrogen Manufacturing, Recycling, and Electrolysis programs created in the bipartisan Infrastructure Investment & Jobs Act. The lawmakers said this will help bolster Upstate New York as […]
Governor Kathy Hochul announced a record number of Long Island Rail Road and Metro-North Railroad trains operated on time in February. Metro-North Railroad had the best month in its history on East of Hudson service with a nearly perfect on-time performance of 99.3 percent on Hudson, Harlem and New Haven Lines. Metro-North was able to […]
Traveling to Japan will get easier this summer with new service from American Airlines between New York (JFK) and Tokyo’s Haneda International Airport (HND). Last month, the United States Department of Transportation (DOT) formally approved American’s application to become the only U.S. carrier operating nonstop service between JFK and HND. “American looks forward to launching […]
NEW YORK — Milu Health, a health tech company that uses AI to drive cost savings in healthcare for employees and employers, has made its debut with seed financing of $4.8 million, led by Andreessen Horowitz (a16z) Bio + Health. The company has launched with over a dozen employers to expand employee access to its […]
NEW YORK — Axonius, a provider of cybersecurity asset management and SaaS management, has secured $200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners. Existing investor Stripes also participated. This new round of funding is intended to accelerate innovation and scale across the globe as demand for the Axonius Platform […]
NEW YORK — Jerry Jones, the owner, president, and general manager of the Dallas Cowboys, will be the subject of a new biography by acclaimed journalist Don Van Natta Jr., it was announced by Avid Reader Press, an imprint of Simon & Schuster. Van Natta Jr., a senior writer for ESPN and winner of three […]
NEW YORK — Retail leaders from Saks, Google, Coach, Ulta Beauty, Aerie, Madewell and Olaplex were among those named to the third annual list of the 25 Most Inspirational Women Leaders. The list, released ahead of International Women’s Day, recognizes some of the most respected names in global retail and is selected by three prominent business […]
NEW YORK — The NFL has awarded a total of 34 compensatory draft selections in the upcoming 2024 NFL Draft to 14 teams. Under the rules for compensatory draft selections, a team losing more or better compensatory free agents (“CFA”) than it acquires in the previous year is eligible to receive compensatory draft picks. The compensatory picks will be […]
NEW YORK — Northspyre, a real estate development platform for project delivery and capital management, has announced the launch of Northspyre AI – the first real estate-specific generative artificial intelligence (AI) tool designed to drive down costs by eliminating scope gaps in the construction bidding process and proactively flagging cost-saving opportunities on every line item. Modeled […]