Daily business news in the Great State of New York!
Capsule, an online pharmacy that delivers prescriptions anywhere in the New York metro area, has raised $200 million in fresh funding according to Bloomberg that will help the company expand across the U.S. The funding was led by venture capital firm TCV and Capsule’s existing investors Thrive Capital and Glade Brook Capital Partners also participated. […]
Amtrak, which operates the nation’s passenger railroad service, has revealed the unique amenities exclusive to its upcoming Acela Nonstop train from NY to Washington, DC. The nonstop train begins its inaugural trip on Monday, Sept. 23, and will include: complimentary coffee, tea water, and a light snack, “at seat” cashless cart service offering a limited menu […]
NEW YORK — JetBlue revealed plans to add seven new restaurants in its home terminal – T5 at New York’s JFK International Airport. This will mark the first major update to the airline’s T5 concession lineup since moving into the brand-new terminal in 2008. As New York’s Hometown Airline, JetBlue features niche stores and restaurants […]
Hudson’s Bay Company, the Canadian retailer that owns department store chain Lord +Taylor, is selling the struggling brand for $100 million to Le Tote, an online subscription clothing rental service based in San Francisco. Lord + Taylor closed its Fifth Avenue flagship store in Manhattan at the beginning of the year and sold the building […]
The U.S. Open tennis tournament in Flushing, which started Monday with first-round action, will see the highest prize money for players of any tennis tournament in history. A total of $57,238,700 in total compensation will be doled out over the two week span of the U.S. Open, including $58,000 for losers of the first round […]
CARLE PLACE, NY — 1-800-Flowers.com, known for its delivery of flowers and gift baskets, is expanding The Plant Shop on its site, introducing some of the most sought-after plants for home décor enthusiasts, gift-givers and plant lovers alike. With this expansion, The Plant Shop at 1-800-Flowers.com now offers nearly 150 plants, including houseplants, blooming plants, succulents, bonsai, bamboo and more. […]
Thirteen years after breaking up into separate companies, Viacom and CBS are merging back together in an all-stock deal. The combined company will be known as ViacomCBS and will have $28 billion in revenue and the scale to compete with other media companies like Netflix, Disney and AT&T and their existing and upcoming streaming subscription […]
NEW YORK and BERKELEY HEIGHTS, NJ — CityMD, the leading urgent care provider in the New York metro area with 120 locations, and Summit Medical Group, a NJ-based operator of independent multispecialty medical practices, have announced the completion of their merger. Terms of the deal weren’t disclosed. The merger is the first-of-its-kind between an urgent care provider and an […]
NEW YORK — TickPick, which operates a no-fee ticket marketplace, has raised a $40 million investment from PWP Growth Equity. This will be TickPick’s first institutional funding round. The investment will allow TickPick to expand marketing and business development initiatives and establish a data team to further improve the company’s customer service by utilizing machine […]
NEW YORK — S&P Dow Jones Indices is adding two companies to the S&P 500, and also making changes to the S&P MidCap 400 and S&P SmallCap 600: S&P MidCap 400 constituents Leidos Holdings Inc. (NYSE:LDOS) and IDEX Corp. (NYSE:IEX) will replace Anadarko Petroleum Corp. (NYSE:APC) and Foot Locker Inc. (NYSE:FL) respectively in the S&P […]
Southwest, the nation’s largest discount airline, said it will end flights from Newark .Airport in New Jersey this November. The airline cited problems with the 737 Max aircraft (photo above) which have been grounded worldwide this year due to safety troubles for cutting Newark service and weak revenues at the airport. Southwest has 34 737 […]
The legendary music group The Rolling Stones has opened a popup store at luxury retailer Bergdorf Goodman’s 5th Avenue flagship in Manhattan now through August 13. The store is celebrating the Rolling Stone’s NO FILTER TOUR, which comes to NYC in early August. Bergdorf Goodman will be the exclusive destination for these limited-edition items in […]
Digital media company AccuWeather is planning an expansion and relocation of its offices in New York City from Rockefeller Center to Lower Manhattan’s financial district. The offices are located at 7 World Trade Center (WTC), 250 Greenwich Street, on the 32nd floor and represent nearly a doubling of the space AccuWeather formerly occupied in Rockefeller […]
SCHENECTADY — Look out Las Vegas, New York is now taking sports bets. For the first time in history, Rivers Casino in Schenectady officially began accepting legal sports bets Tuesday morning at a brand new sports lounge that has the look and feel of ones found in Las Vegas casinos. New York now joins neighboring […]
ARMONK, N.Y. and DALLAS — IBM has formed a multi-year strategic alliance with AT&T, one of the nation’s largest phone companies and owner of Warner Media. Under the agreement AT&T Communications will use IBM’s expertise to modernize AT&T Business Solutions’ internal software applications, enabling migrations to the IBM Cloud. In addition, IBM will provide infrastructure to support […]