Daily business news in the Great State of New York!
NEW YORK & SEATTLE — Investment firm KKR and Altavair AirFinance, a leader in commercial aviation finance, have agreed to form a venture for leased commercial aircraft. KKR will make a $1 billion capital commitment primarily from its credit and infrastructure funds, which may be supplemented with additional commitments over time, to acquire commercial aircraft […]
Ginni Rometty — Chairman, President and CEO of IBM — will deliver the opening keynote at CES 2019 on Tuesday, Jan. 8 in Las Vegas. CES (formerly known as the Consumer Electronics Show) is the largest and one of the most influential technology events in the world. Rometty will speak on how technologies like artificial […]
The Metropolitan Transportation Authority (MTA) won’t shutdown the L Train to Brooklyn for repairs that has been dreaded for nearly two years. The MTA said it has accepted the recommendations of a panel of engineering experts that determined a complete closure of the L Train Tunnel is unnecessary. The report – which followed weeks of […]
NEW YORK — Citi, one of the world’s largest banks, is launching a new no annual fee credit card, Citi Rewards+, that gives cardmembers the ability to earn more points on everyday purchases – even the small ones. Starting January 10, the Citi Rewards+ card will round up to the nearest 10 ThankYou Points on […]
NEW YORK — Celebrity chef and former talk show host Robert Irvine is launching a new print magazine in partnership with American Media, LLC (AM), a leading publisher of celebrity and health and fitness brands. Now on sale at newsstands, the first-ever 100-page special edition print issue builds on the success of Irvine’s digital lifestyle […]
Oath, the bizarre name given to Verizon’s digital media subsidiary, is losing its name next year and will officially become Verizon Media Group on January 8, 2019. Oath was formed on June 23, 2017 when Verizon purchased Yahoo for $4.48 billion. It merged the Internet site with its own content division that included AOL, Techcrunch […]
Swedish retail giant IKEA plans to open its first store Planning Studio in Manhattan next Spring on Third Avenue. This will be IKEA’s first city center store in the U.S., marking the company’s transformation and commitment to bringing IKEA into the heart of urban areas. Unlike IKEA stores in the suburbs, this Manhattan location won’t […]
Momofuku, the operator of a mini-empire of Asian restaurants, has opened a new Noodle Bar on the third floor of the Shops at Columbus Circle inside the Time Warner Center in Manhattan. Momofuku Noodle Bar serves a changing roster of ramen noodles, steamed breads, soft serve, and daily dishes. Momofuku Noodle Bar is open for […]
United Airlines will fly its newest Boeing 787-10 Dreamliner on six trans-Atlantic routes from its New York/Newark hub beginning in March 2019. United was the first North American airline to take delivery of the 787-10, and is also the first airline in the world to have the entire family of Boeing’s 787-8, 787-9 and 787-10 […]
Ruth’s Chris Steak House has opened its 156th restaurant in The Outlets at Bergen Town Center in busy Paramus along Route 4. This is the sixth Ruth’s Chris restaurant in New Jersey. The upscale steakhouse offers a stylish and modern atmosphere along with the brand’s legendary, sizzling steaks, award-winning spirits program and exceptional service. The new […]
(Photo: Jetblue’s Terminal 5 at JFK International Airport.) NEW YORK — JetBlue has introduced its first fully-integrated biometric self-boarding gate at New York’s John F.Kennedy International Airport (JFK) in partnership with U.S. Customs and Border Protection (CBP). Customers flying to select international destinations from Terminal 5 at New York-JFK can now board even faster with […]
NEW YORK — Discount retailer Five Below, where every item is $5 or less, has opened its first Manhattan store on Fifth Avenue. The chain has nearly 750 stores in 30 states and its merchandise is geared mostly to tweens (10-12) and teenagers. Selling everything from smartphone accessories and Bluetooth speakers to fashion and beauty […]
NEW YORK — RapidSOS has secured a $30 million Series B funding round to expand its advanced emergency technology platform. The funding was led by Playground Global, with participation from Highland Capital Partners, M12 (Microsoft’s Venture Fund), Two Sigma Ventures, Forte Ventures, The Westly Group, CSAA IG, and notable individuals including three former FCC Chairmen and Ralph de la Vega – former […]
DES MOINES, Iowa and NEW YORK — Meredith Corporation is selling the FORTUNE media brand and business magazine for $150 million cash to Fortune Media Group Holdings Limited, wholly owned by Thai businessman Chatchaval Jiaravanon. The transaction is expected to close later this year. Mr. Jiaravanon’s family owns Thailand’s Charoen Pokphand Group (www.cpgroupglobal.com), an international conglomerate […]
NEW YORK — Music news magazine Billboard has named Ariana Grande its 2018 Woman of the Year. The award-winning singer, songwriter, actress and activist will accept the honor at the 13th annual Women in Music dinner and awards ceremony on December 6 in New York City. The event, held in conjunction with the release of […]