News Openings Upstate

Splash Car Wash Opens 41st NY Location in Clay

Splash Car Wash, headquartered in Milford, CT, has opened its 41st New York location, an express wash located in the Syracuse suburb of Clay. This marks Splash’s third greenfield site opened this year and seventh in the last twelve months. Splash now has over 70 car washes open or under development in NY, CT, VT and MA […]

News

NY Police Wrote 37,899 Tickets During July 4th Weekend

Governor Kathy Hochul announced the results of the July 4th holiday traffic safety enforcement drive. State and local law enforcement issued more than 37,000 tickets over the Fourth of July enforcement campaign this year. Additional patrols over the holiday weekend targeted reckless and aggressive driving and included sobriety checkpoints. The enforcement campaign, which ran from […]

News Retail

Stop & Shop to Close Seven NY Supermarkets

Stop & Shop, a chain of supermarkets owned by Ahold Delhaize of the Netherlands, plans to close 32 underperforming stores by the end of 2024 including seven in New York. Following the closures, Stop & Shop will continue to have a strong presence across its five-state footprint with more than 350 stores. Stop & Shop […]

Legal News NYC

Debevoise & Plimpton Elects Eight New Partners

Debevoise & Plimpton LLP — a New York-based law firm with over 900 lawyers — has elected eight new partners. Almas Daud, Morgan Davis, Andrew J. Gershon, Yana Mereminsky, Sheena Paul, Mai Shapiro, Paulina Stanfel and Jenny Wheater will become partners of the firm, effective July 1. Almas Daud is based in the London office and a member of the firm’s Finance Group. Her practice […]

News NYC

UiPath Cutting 420 Jobs

NEW YORK — UiPath, an enterprise automation and AI software company,  announced a restructuring to reduce operating expenses. These actions include an overall reduction of 10% of the Company’s global workforce of approximately 4,200 as of July 1, 2024, with most of this reduction expected to occur by the end of the first quarter of […]

Funding News NYC

Goldman Sachs Leads $25 Million Investment in Canoe Intelligence

NEW YORK — Canoe Intelligence, the financial technology company powering smarter alternative investment management, has completed a Series C financing round of $36 million, led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads. This latest round marks a significant milestone for Canoe, representing a more than […]

News

EY to Invest $1 Billion to Boost Accounting Profession

Big Four accounting firm Ernst & Young LLP plans to invest $1 billion over three years in talent and technology to revolutionize the experience of early career accounting professionals and improve the attractiveness of the profession. This investment includes a significant increase in starting salaries for recent graduates, artificial intelligence (AI)-enabled audit and tax platforms, an […]

News Upstate

Chobani Launches Shelf-Stable Milk for Red Cross

NEW BERLIN, NY — Chobani, a food and beverage company known for its high-quality Greek Yogurt, has launched its first-ever shelf-stable low-fat dairy milk, Chobani Super Milk. This latest product innovation is nutrient rich and is made specifically to be donated to support people impacted by disasters as well as at food pantries and shelters […]

News Offices Upstate

Constellation Brands Moves to New HQ in Downtown Rochester

ROCHESTER – Constellation Brands, a leading maker of alcoholic beverages, has officially moved to its new global headquarters at the historic Aqueduct Building campus located at 50 East Broad Street in downtown Rochester, NY. To mark the occasion, the company welcomed state and local elected officials to the space for a grand opening press event and […]

Funding News NYC

Zoi Capital Raises $200 Million Healthcare Venture Fund

NEW YORK — Zoi Capital, a venture capital firm specializing in artificial intelligence (AI) solutions for healthcare, has raised $200 million for their Health AI Fund I. Founded by Mayo Clinic-trained cardiologist Dr. Ronald M. Razmi and Brian K. Beeler, former Executive VP and General Counsel of Horizon Therapeutics, the co-founders and Managing Directors share more than 50 […]

Government News

NYS Offering Free Entry to State Park Pools

New York is offering free access to state pools this summer as part of the “Get Offline, Get Outside” campaign to promote physical and mental health in kids. The program is looking to encourage New York’s kids and families to put down their phones and computers, take a break from social media, and enjoy recreation […]

Education News NYC

NYU Launches Online Resource for Food Entrepreneurs

The NYU Food Environment and Policy Research Coalition and Food & Society at the Aspen Institute are launching Open Access NYC, a free portal with local resources to help food entrepreneurs establish and grow their businesses. The digital one-stop-shop provides current and aspiring small business owners with guidance on business planning, securing funding, obtaining permits and licenses, and sustainable growth. […]

Hotels NYC

Sofitel New York to Undergo Major Renovations

NEW YORK – Sofitel New York, a luxury hotel in the heart of Manhattan, is launching a comprehensive refurbishment project. This initiative, coinciding with the 60th anniversary of Sofitel this year, marks a significant milestone for the brand, reflecting its commitment to dynamic and refined luxury under the leadership of CEO Maud Bailly. Sofitel New […]

News

Blackstone Completes $10 Billion Deal for AIR Communities

NEW YORK & DENVER — Blackstone has completed its acquisition of all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. AIR Communities’ portfolio consists of 76 high-quality rental housing communities concentrated primarily in coastal markets including Miami, Los Angeles, […]

Funding News NYC

PayPal Leads $20 Million Investment in Gynger

NEW YORK — Gynger, which has developed an embedded financing platform for technology purchases, has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital. Gynger plans to use the new funding to scale its team and operations and accelerate its vision of transforming […]