Daily business news in the Great State of New York!
Bank of America, one of the nation’s largest banking companies, has named Jose Tavarez (photo above) as President of Bank of America New York City and Westchester County. As New York City President, Tavarez will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to individuals, families […]
The New York City subway system has returned to full 24-hour service as of Monday morning for the first time in over a year. On May 6th, 2020 the subway system had been closed nightly from 1 a.m. to 5 a.m. for enhanced cleaning and disinfecting of the subway due to coronavirus. On February 22, […]
NEW YORK — SL Green Realty Corp. announced that IBM’s new spinoff company — with the bizarre name Kyndryl — has signed a 22,531-square-foot, 9-year lease, covering a portion of the 15th floor at One Vanderbilt Avenue for its new global headquarters. One Vanderbilt, the recently opened skyscraper across from Grand Central Terminal at 42nd Street […]
Disney Theatrical Productions announced that The Lion King returns to Broadway’s Minskoff Theatre on September 14, 2021, and will be among the first shows to resume performances; while Aladdin resumes performances at Broadway’s glorious New Amsterdam Theatre on September 28, 2021. Tickets for both shows are on sale now. The Lion King and Aladdin are two of the longest-running shows on […]
NEW YORK — Onda, maker of canned sparkling tequila drinks, has scored a $5 million Series A financing led by Aria Growth Partners, a leading consumer growth equity firm, and Sweet Leaf Tea founder Clayton Christopher. 25madison, a venture studio and founding partner, also participated in the Series A round. The investment will support Onda, […]
TROY, NY — UCM Digital Health, a provider of emergency telemedicine and virtual care solutions based upstate in Troy, has completed a $5.5 million series A funding round led by Armory Square Ventures (ASV). Also participating in the round were Contour Ventures and River Park Ventures. Contributing a deep expertise in emergency medicine, UCM Digital […]
NEW YORK — Eyenovia, Inc. a clinical stage ophthalmic biopharmaceutical company developing a pipeline of microdose array print (MAP) therapeutics, has entered into a new $25 million credit financing facility with Silicon Valley Bank (SVB). Eyenovia is publicly traded on the Nasdaq Stock Exchange under the symbol EYEN. “This non-dilutive credit facility provides us with […]
The National Football League announced that Amazon Prime Video will be the exclusive home of Thursday Night Football beginning with the 2022 season. Amazon will feature Thursday night’s NFL game across hundreds of compatible digital devices. The NFL’s original agreement with Amazon, announced as part of a larger series of media distribution deals this past March, […]
NY Governor Andrew Cuomo announced that Broadway shows will fully reopen their doors this September 14 after shutting down for a year and a half due to the pandemic. Beginning May 6, and throughout May, tickets for Broadway shows will be available for sale at 100 percent of theater capacity. The long-awaited announcement builds upon […]
The total cost of overtime in 2020 at NY state government agencies reached an all-time high at more than $850 million, continuing an upward trend over the last decade and spurred on by the COVID-19 pandemic, according to a report released by State Comptroller Thomas DiNapoli. Total overtime hours of 19 million increased 3.9 percent […]
BUFFALO — M&T Bank is building a collaborative workspace inside the Tech Hub at Seneca One, marking the completion of construction at the now-transformed downtown Buffalo landmark, the tallest privately-owned building in the state outside of New York City (photo above). The company plans to create over 1,000 jobs at the location, where it invested nearly $58 […]
NEW YORK – New York’s most famous skyscraper, the Empire State Building (ESB) is celebrating its 90th anniversary on Saturday, May 1. “The Empire State Building, the international icon and symbol of dreams, was a record breaker and trendsetter 90 years ago,” said Anthony E. Malkin, chairman, president, and CEO of Empire State Realty Trust which operates […]
SYRACUSE — Syracuse University is partnering with Green Flower to offer non-credit certificates in Cannabis Education. Each online program includes three, 8-week fully online courses. Programs will cover the Business of Cannabis, Agriculture and Horticulture, Law and Policy and Healthcare and Medicine. These certificates will complement existing credentials and advance the knowledge and practice of cannabis […]
Taco Bell, owned by Yum Brands, has opened a new Cantina in Times Square this month that only allows digital ordering. The Cantina is located at 1501 Broadway in the Paramount Building and is open from 8 a.m. to 4 a.m. on Friday and Saturday and closes at 3 a.m. the rest of the week. […]
NEW YORK — Sesame, a direct-pay healthcare marketplace, announced it has raised an additional $24 million, including new investments from Giant Ventures, Industry Ventures and Coefficient Capital. Existing investors General Catalyst, Entree Capital, and Atreides Management have also contributed additional funds to help Sesame scale. The latest funding brings Sesame’s total capital raised to just […]