Daily business news in the Great State of New York!
The NY Times has launched a new site focused on parenting. NYT Parenting is a site for new and expecting parents who want help having and raising kids today. Whether readers are struggling with fertility or feeling burnt out at home with little kids, in the Parenting section the NY Times will provide guidance and […]
Related Companies is purchasing 1.5 million square feet of office space owned by WarnerMedia at 30 Hudson Yards for $2.2 billion. An affiliate of Related Companies, the developer of Hudson Yards, has entered into a contract to purchase WarnerMedia’s approximately 1.5 million square foot office. WarnerMedia is the former Time Warner before it was acquired […]
NEW YORK — LetsGetChecked, a direct-to-consumer at-home health testing platform and Apple Health partner, has closed a $30 million Series B funding round. LTP, a Boston-based growth equity investment firm focused on healthcare IT, led the round. Existing investors such as Qiming Venture Partners USA also participated in the round. LetsGetChecked will use this funding to continue scaling the company’s consumer brand […]
ELMSFORD, NY — Party City won’t be celebrating this news. The Westchester-based party goods chain said it will close 45 of its locations this year. There are currently 870 Party City stores across the country. The store closures will take place throughout the year. Party City also reported first quarter results and blamed a global […]
LONG ISLAND CITY — Altice USA, which has 4.9 million residential and business customers with a major presence in the NY metro area including Long Island and Westchester counties, has agreed to acquire Cheddar, the digital-first news company, for $200 million. (Photo: Jon Steinberg, CEO of Cheddar, and Dexter Goel, CEO of Altice USA, Source: […]
NEW YORK — UiPath, a robotic process automation (RPA) software company, has landed a staggering $568 million Series D investment round giving the company a valuation of $7 billion. The new funding was led by investment firm Coatue and joined by Dragoneer, Wellington, Sands Capital, and funds advised by T. Rowe Price Associates, Inc. Accel, who led […]
BROOKLYN — Real estate firm Extell Development Company announced that the company’s first Brooklyn project, Brooklyn Point, has reached a major construction milestone with its topping out. At 720 feet high, the 68-story luxury building has become the tallest in Brooklyn — eclipsing the Hub skyscraper at 610 feet — the previous tallest building in […]
NEW YORK & ARMONK, NY — Private equity firm Centerbridge Partners has struck a deal to buy IBM’s marketing platform and commerce software offerings. The transaction is expected to close in mid-2019, subject to completion of applicable regulatory reviews and customary closing conditions. Terms of the deal weren’t disclosed. After closing, Centerbridge intends to form […]
NEW YORK — 1stdibs.com, which operates a marketplace for luxury furnishings, jewelry, fine arts and vintage fashion, has secured a Series D funding round of $76 million. 1stdibs plans to use the proceeds to invest in its core business, grow adjacent categories, expand internationally and make strategic acquisitions. The round attracted both new and existing […]
NEW YORK – NBC’s Saturday Night Live is back live for the next three Saturdays and has released its upcoming host list. Sandra Oh will make her “Saturday Night Live” hosting debut on March 30. Oh, a Golden Globe and SAG Award winner, stars in BBC America’s “Killing Eve,” which returns for its second season on […]
NEW YORK – Sometimes taxis are just too slow. Helicopter company BLADE said it will begin launching continuous helicopter flights between Manhattan and John F. Kennedy Airport (“JFK”) every weekday from 7:00 am to 7:00 pm for $195 per person. According to the company, the shared flight service will be the largest Urban Air Mobility (“UAM”) initiative […]
NEW YORK — Dow Inc. (NYSE: DOW) is going to replace DowDuPont Inc. (NYSE: DWDP) in the Dow Jones Industrial Average (DJIA) effective prior to the open of trading on Tuesday, April 2, 2019. The Dow Inc. name is not related to the Dow Jones name, which was originally created by journalist Charles Dow, who also founded The Wall Street […]
NEW YORK — Fi, a Brooklyn-based dog technology company, is looking to reinvent the dog collar with GPS tracking and put an end to lost dogs. Fi said it also raised Series A financing of $7 million led by RRE Ventures with participation from existing seed investors Lerer Hippeau, Freestyle VC, and other prominent tech […]
Hudson Yards, a $25 billion development built above rail yards on the West Side of Manhattan, officially opened to the public Friday, marking a historic moment in the City of New York. (Photo Above: The first Neiman Marcus department store in NYC opens at the new Hudson Yards.) New Yorkers and visitors are now able […]
NEW YORK – YieldStreet, the digital wealth management platform that offers access to alternative investments typically only available to institutions, has closed $62 million of Series B equity financing. The round was led by Edison Partners, with participation from Greenspring Associates, and existing investors Raine Ventures and a large multi-billion dollar NY family office. The […]