Daily business news in the Great State of New York!
The minimum wage is going up on December 31 for workers in upstate New York. Workers outside of New York City, Long Island, and Westchester County will see an increase by $1.00 per hour, from $13.20 to $14.20, following a statutorily required economic analysis conducted by the New York State Division of the Budget. Additionally, […]
Le Méridien Hotels & Resorts – part of Marriott Corporation’s 30 hotel brands – introduces its newest hotel in New York City with the opening of Le Méridien New York, Fifth Avenue. Taking cues from the European-born brand’s mid-century modern design aesthetic, the chic hotel is21 stories tall and features 165 guest rooms and 17 apartment-style residences for […]
Publicly filed court documents, including a 16-count indictment unsealed this week in Brooklyn, charge five Russian nationals – including a suspected Russian Federal Security Service (FSB) officer – and two U.S. nationals with conspiracy and other charges related to a global procurement and money laundering scheme on behalf of the Russian government in which the […]
NEW YORK — British bank Barclays has announced the appointment of 85 new Managing Directors within the Corporate and Investment Bank, effective 1 January 2023. The 2023 class is comprised of individuals who have each consistently helped clients navigate this year’s unprecedented societal and economic challenges to deliver results. Paul Compton, Global Head of the […]
A federal grand jury in Manhattan returned an indictment this week charging Samuel Bankman-Fried, aka SBF, 30, of Stanford, California, with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance […]
Jewelry manufacturer Pandora plans to move its North American headquarters from Baltimore to New York City. Pandora, the largest jewelry brand in the world, designs, manufactures, and markets hand-finished jewelry that is sold in more than 100 countries. The company will operate its North American headquarters in a 27,000 square foot office spanning the 35th […]
NEW YORK — JetBlue announced plans to expand transatlantic flying into Continental Europe with new service to Paris from JFK International Airport starting next summer. Paris will be JetBlue’s second transatlantic destination following the airline’s successful launch of service to London in August 2021, where it has quickly grown its schedule to five daily flights […]
Claire’s Holdings LLC, which operates 2,300 stores in 17 countries featuring jewelry and accessories, has a formed partnership with Macy’s as the latest omnichannel retail partner within its growing consumer products business. Starting this month, the global fashion brand has opened store within store locations in more than 20 Macy’s locations nationwide, including eight flagships. […]