Daily business news in the Great State of New York!
The Federal Trade Commission today sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed, the FTC says the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands. […]
NEW YORK — JetBlue has announced several leadership and organizational updates at the New York-based airline: Daniel Shurz has been named JetBlue’s new head of revenue, network, and enterprise planning. Over the past 20 years Shurz has served as vice president, network planning for Air Canada and senior vice president, commercial for Frontier Airlines, and held strategy […]
NEW YORK – NYC Mayor Eric Adams unveiled new details and renderings of a once-in-a-generation office tower at 350 Park Avenue that will be home to more than 6,000 jobs in Midtown Manhattan. After filing an application with the New York City Department of City Planning, Vornado Realty Trust, Kenneth Griffin, and Rudin are advancing a […]
ALBANY – Once again, housing inventory across New York State fell to another record low in March, according to the housing report released by the New York State Association of REALTORS. Inventory of homes across the Empire State fell 14.7 percent in March – from 28,060 units in 2023 to a record-setting low of only […]
WHITE PLAINS — Demand for all types of housing remains high in the lower Hudson Valley. Single-family home sales in March continued to decline, with the Bronx experiencing the largest decrease of almost 30%, followed closely by Orange County with a 28.8% drop from this time last year. All other areas experienced double-digit declines in […]
NEW YORK – The WNBA has released the schedule of games to be broadcast and streamed nationally during the 2024 regular season, which will tip off on Tuesday, May 14 and run through Thursday, Sept. 19. The television and streaming schedule for the league’s 28th season features matchups across ESPN platforms (25 games, including nine on […]
NEW YORK — Ilant Health, a provider of obesity management and cardiometabolic health solutions, announced the extension of its seed round of fundraising from $3 million to $5.5 million. The women-led startup received additional funds from a combination of new health-oriented investors, including funds from LifeX Ventures, Celtic House Asia Partners, and Cornucopian Capital, as […]
Adro, a New York-based company making financial services more accessible for international students and workers, has raised a $1.5 million pre-seed funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate. With no Social Security Number and limited U.S. credit history, international students and workers struggle to access basic banking upon arrival. Led by Amarildo Gjondrekaj (formerly of Mastercard, Harness), Sara […]
The New York Yankees announced that legendary Yankees play-by-play radio voice John Sterling, who has called 5,420 regular season Yankees games and 211 postseason Yankees games, has retired effective immediately. He will be recognized in a pregame ceremony on Saturday, April 20, and will visit the WFAN booth during the game. The 85-year-old Sterling has […]
NEW YORK — SL Green Realty Corp. announced three new tenants have signed leases covering 104,110 square feet at One Madison Avenue. The 1.4 million-square-foot, new office tower located in Manhattan’s Midtown South submarket is now 63.6% leased with the lease up of all tower floors completed. A publicly traded financial services firm signed a […]
LONDON and NEW YORK – Allen & Overy (A&O) and Shearman & Sterling (Shearman) have announced the first partner promotions for the combined firm, A&O Shearman. A total of 40 partners have been elected to the partnership by their current respective firms. A&O elected 32 partners and Shearman elected eight, consistent with the relative size […]
NEW YORK — Kontakt.io, a provider of Inpatient Journey Analytics for hospitals, announced an investment of $47.5 million, led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs). The capital will support the company’s growth and expansion of Artificial Intelligence (AI) solutions. Kontakt.io enables health systems to optimize patient, staff, and resource flows, improving […]
NEW YORK — Snappy, which operates an online gifting platform, has closed a Series D funding round, securing $25 million in capital. This latest investment round was led by Qumra Capital with participation from 83North, Saban Ventures, Notable Capital, and Hearst Ventures, underscoring strong confidence in Snappy’s vision and its ongoing commitment to revolutionizing gifting […]
NEW YORK — Dow Jones has launched Dow Jones Smart Money, a financial literacy and proficiency resource aimed at providing essential knowledge to the public at no cost. Dow Jones Smart Money content will live on a dedicated site at DowJones.com/SmartMoney and will feature select information and insights from the award-winning publications across Dow Jones, including The Wall […]
Governor Kathy Hochul announced that Empire State Development has executed a $100 million Grant Disbursement Agreement for the transformative Electron-Ion Collider project at Brookhaven National Laboratory. The agreement with the U.S. Department of Energy marks a major milestone toward bringing the world’s only next-generation EIC to Long Island and launches New York State’s investment in […]