Daily business news in the Great State of New York!
NEW YORK — Win Brands Group, an omnichannel retail platform that buys and builds top brands, announced that it has raised $40 million led by Orangewood Partners. The new equity investment arrives as Win says it has experienced 440% compounded annualized growth rate at the close of 2021. The funding will support the growth of Win’s omnichannel platform […]
NEW YORK — Athletic Greens, a nutrition company that sells products under the AG1 brand, has raised $115 million in new funding led by Alpha Wave Ventures to grow its global nutrition brand. Athletic Greens is meeting the functional nutrition and high performance demands of today’s market through the world’s top-selling foundational nutrition drink, AG1, […]
NEW YORK – The number of professional remote work opportunities jumped again heading into the new year according to The Ladders Quarterly Remote Work Report. The report finds that 18 percent of all professional jobs are now remote. “This life-changing shift to remote work is progressing even more rapidly than anyone thought it would,” said […]
Jeff Zucker, President of CNN, has stepped down effective immediately after admitting to having an affair with a colleague at CNN that also worked as communications director for former Governor Andrew Cuomo. Brian Stelter, CNN’s media correspondent, posted a memo from Zucker on Twitter. Jeff Zucker just announced his resignation to a stunned CNN. pic.twitter.com/sWXYNBO20d […]
NEW YORK — Interchecks, a fast-growing instant payment infrastructure and service provider, announced it raised $16 million in Series B funding. The round was led by Senator Investment Group and Standard Investments, with participation from Bettor Capital, Commerce Ventures, Nuvei, and Shift4 Ventures. The funding will further Interchecks’ mission to power instant money-movement for fintech, […]
Law firm Baker McKenzie has added a big name — former Manhattan District Attorney Cyrus Vance Jr. — as a Partner in New York. One of the most well-known law enforcement officials in the US, Cy led the Manhattan District Attorney’s office for 12 years, overseeing major criminal prosecutions and an office of more than […]
ARMONK, NY — IBM announced it has acquired Boston-based Sentaca, a leading telecom consulting services and solutions provider. The acquisition will accelerate IBM’s hybrid cloud consulting business, adding critical skills to help communications service providers (CSPs) and media giants modernize on multiple cloud platforms, innovate, and transform their businesses. IBM said the acquisition closed on January […]
PURCHASE, NY — Rockstar Energy Drink, a division of PepsiCo, is creating a new kind of energy drink with the launch of Rockstar Unplugged. Rockstar Unplugged focuses less on providing a big hit of energy and more focus on enhancing good vibes with ingredients like hemp seed oil and B vitamins. The company says these […]
The NY Times has purchased Wordle, a viral word game created by a Brooklyn engineer, in the low seven figures according to the company. Josh Wardle, a software engineer in Brooklyn, released the guessing game to the public in October 2021. Wordle has exploded in popularity and has rapidly become a daily obsession for solvers. […]
Manhattan office buildings continue to remain nowhere near capacity and will likely stay that way according to a new study. The Partnership for New York City surveyed major employers between January 10 and January 18, 2022, to gauge the impact of the omicron variant on the pace of return to office among New York City […]
Governor Kathy Hochul celebrated this week the completion of new facilities at LaGuardia Airport’s Terminal B, marking a major milestone in the terminal’s $4 billion transformation. The completion and the opening of LaGuardia Terminal B’s western skybridge, and the opening in December of Terminal B’s second concourse, means that every arriving and departing passenger at […]
NEW YORK — Sollis Health, the members-only medical concierge, announced a $30 million Series A funding round led by Torch Capital and Denali Growth Partners. Additional investors including Strand Equity; Read Capital; Juan Vallarino former CEO of myNEXUS and SVP of HCA Healthcare; Jay Livingston, CMO of Shake Shack; Adam Henick, founder and former President of Mount Sinai Ventures; and Aniq […]
NEW YORK — StrongArm Technologies, a technology company providing actionable data and insights for industrial workers through its wearable devices, announced that it has raised $50 million in Series B funding led by Drive Capital. StrongArm’s wearable devices protect over 30,000 of today’s Industrial Athletes – individuals who put their bodies on the line day in and […]
NEW YORK – Columbia Business School has officially moved to its new home in Manhattanville as it welcomes students for the spring semester. The Manhattanville campus represents Columbia University’s largest expansion in over 100 years and underscores Columbia Business School’s role in reimagining the future of business education. Designed by world-renowned architecture firm Diller Scofidio […]
LOCKPORT, NY – General Motors, one of the nation’s leading automakers, announced plans to invest nearly $154 million in its Western New York Lockport Components plant. The investment will be used to renovate the facility and purchase and install new machinery and equipment used in the production of the stator module, a key component in an […]