Daily business news in the Great State of New York!
NEW YORK — Investment firm General Atlantic has made several promotions to its senior leadership ranks. These new appointments align the firm’s leadership team with its expanding investment approach to a multi-strategy offering and further position General Atlantic as a long-term partner to investors and management teams. “General Atlantic’s commitment to investment excellence and culture […]
FARMINGDALE NY — OneKey MLS, which provides data on NY metro area real estate prices, reported a regional median sale price of $630,000 in September, a slight 0.80% decrease as compared to the $635,000 reported in August 2023. Buyers are still finding a short supply of homes available for purchase. In a year-over-year comparison, the closed median sale […]
ARMONK, NY — IBM has announced an expansion of its relationship with Amazon Web Services (AWS) to help more mutual clients utilize generative artificial intelligence (AI). As part of this, IBM Consulting aims to deepen and expand its generative AI expertise on AWS by training 10,000 consultants by the end of 2024; the two organizations […]
NY Governor Kathy Hochul announced the winners of the ninth annual 43North Finals, New York State’s $5 million startup competition held in Buffalo, in which five startup companies were each awarded a $1 million investment. This year’s competitors came from across the country and as far as London to make their best pitch in front […]
LONDON and ARMONK, NY — The EY organization and IBM have announced the launch of EY.ai Workforce, an innovative HR solution that helps enable organizations to integrate artificial intelligence (AI) into their key HR business processes. This marks a pivotal next step in the collaboration between the companies and a significant milestone in the role of […]
MALTA, NY – The U.S. Department of Defense (DoD) has awarded GlobalFoundries (GF) a new 10-year contract worth up to $3.1 billion for a supply of securely manufactured, U.S.-made semiconductors for use across a wide range of critical aerospace and defense applications. With an initial award of $17.3 million this month and an overall 10-year […]
The Fox Corporation and News Corporation (“News Corp”) announced that Rupert Murdoch is stepping down as chairman of each company’s board effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November. One of the most powerful men in all of media, the 92-year old Murdoch will become Chairman Emeritus of […]
Amazon plans to hire 250,000 people in full-time, part-time, and seasonal fulfillment center and transportation roles in hundreds of cities and towns across the U.S. Amazon says it is the country’s leading job creator—adding more than 800,000 jobs in the last five years—and is now investing $1.3 billion this year toward pay increases for customer […]
NEW YORK — Macy’s Inc., which operates the nation’s largest department store chain, plans to hire for more than 38,000 full- and part-time seasonal positions this upcoming holiday season. Jobs are available at Macy’s, Bloomingdale’s and Bluemercury stores, as well as its distribution centers. Last year, Macy’s hired a total of 41,000 workers for the […]
New York University and Qunnect have announced the successful test of a 10-mile (16-km) quantum networking link between the Brooklyn Navy Yard and NYU’s campus in Manhattan. This technical milestone signifies a breakthrough that advances the next generation of networking protocols for quantum communication and opens the door for financial services, critical infrastructure, and telecom […]
ARMONK, NY and SAN FRANCISCO — IBM has decided to sell its Weather Company business to private equity firm Francisco Partners. The deal includes the popular Weather Channel website and mobile app. Terms of the deal were not disclosed. The Weather Channel cable TV network is a separate business owned by Allen Media. The assets being acquired […]
Chipmaker AMD, based in Silicon Valley, has chosen to create two state-of-the-art research and design facilities in upstate New York at the Linden Oaks Office Park in Monroe County near Rochester, and at the Westgate Business Park in the Village of Fishkill in Dutchess County. AMD has committed to creating up to 165 new jobs […]
AMHERST, N.Y. – Spectrum announced the opening this summer of a new Spectrum Mobile customer service call center in Amherst, a suburb of Buffalo, which will create 400 new local customer service positions. The positions have a starting pay of $20 per hour. The new 88,000-square-foot call center is located at 3920 Main St. in Amherst. […]
NY Governor Kathy Hochul, the U.S. Army Corps of Engineers New York District, Montauk Historical Society, and other partners celebrated the reopening of the newly restored Montauk Point Lighthouse and completion of a major coastal resiliency project to protect the historic lighthouse and associated cultural resources. The landmark, located on the easternmost point of Long […]
ENGLEWOOD CLIFFS, NJ — Signature Kitchen Suite, maker of built-in luxury kitchen appliances, debuted its new Skyline Showroom just across the river from Manhattan. The showroom is located within LG Electronics’ North American Headquarters. Situated near the picturesque riverfront of the Hudson River with vistas of the iconic New York City skyline, the new showroom will serve […]