Amazon, the leading online retailer, announced it will pay more than $500 million to front-line employees this holiday season. U.S. Operations employees who work at the company from December 1 to December 31 will qualify for a bonus of $300 for full-time employees and $150 for part-time employees. Combined with other holiday pay incentives, in […]
News
Goldman Sachs Names 60 New Partners
NEW YORK — Investment banking firm Goldman Sachs has named 60 employees to become partners effective January 1, 2021. Partners at Goldman Sachs are among the prestigious positions on Wall Street and come with a big boost in pay. The Partner Class of 2020 have more than 850 years of combined experience at Goldman Sachs, […]
Mars to Buy Kind Snack Company
NEW YORK — Virginia-based Mars, Incorporated, a family-owned global pet food, veterinary care, confectionery, snacking and food business, has agreed to purchase NY-based KIND, a maker of healthy snack bars. Terms of the deal weren’t announced but the NY Times says the purchase valued KIND at about $5 billion. Mars already has a stake in […]
Peloton Inks Partnership With Beyonce
NEW YORK – Peloton, known for its pricey exercise bikes and treadmills, has signed a deal with music superstar Beyoncé (photo above) to promote its products. The company announced a broad, multi-year partnership rooted in the celebration of music — a central component of the Peloton class experience — and pro-social initiatives. The launch of […]
Lowe’s to Hire 20,000 Workers for Holidays
Lowe’s Companies, which operates the nation’s second-largest home improvement chain with 2,200 stores, said it will hire 20,000 workers across its U.S. stores and regional distribution centers to support customer demand this holiday season and beyond. The announcement comes as the company commits another $100 million in bonuses to thank front-line hourly associates and support […]
CVS Health to Hire 15,000 Workers
WOONSOCKET, RI — CVS Health, which operates one of the largest drug store chains in the country, announced that it is recruiting to fill 15,000 jobs over the next month. These new and existing positions will help the company continue to respond to the needs of communities across the country during the fall and winter months […]
Fortune Names 50 Most Powerful Business Women
NEW YORK — FORTUNE magazine has released the 2020 edition of its Most Powerful Women in Business list, which includes 16 FORTUNE 500 CEOs, and the return of Jane Fraser, who in February 2021 will become the first woman to head a major U.S. bank. Top honors go to Accenture CEO Julie Sweet for the first time. Jane Fraser is featured […]
Bristoly Myers Squibb Buys MyoKardia for $13.1 Billion
NEW YORK — Bristol Myers Squibb has agreed to buy MyoKardia, a pharmaceutical company based in Brisbane, CA. Bristol Myers Squibb will pay $13.1 billion, or $225.00 per share in cash. Shares in MyoKardia soared $80.74 after the news to close at $220.34 Monday — a 57% increase. Bristol Myers shares went up just 0.51 […]
KKR Buys 1-800-Contacts
NEW YORK — Private equity firm KKR has agreed to buy 1-800 Contacts, the largest retailer of contact lenses in the U.S., from AEA Investors. Terms of the deal weren’t announced. AEA Investors purchased 1-800-Contacts in 2016. Over the last several years, the company has made significant investments in technology and expanding its offerings, including […]
Infosys to Hire 25,000 U.S. Workers by 2022
Infosys, a provider of IT services based in India, said it plans to hire 12,000 American workers over the next two years, bringing its hiring commitment in the U.S. to 25,000 over five years. In 2017, Infosys committed to hiring 10,000 American workers over two years and has exceeded that goal by creating 13,000 jobs […]
New Vending Machines Sell PPE in NY Subways
Swyft, Inc., a leading maker of high-tech vending machines, has partnered with the Metropolitan Transportation Authority (MTA), to launch Simply PPE (Personal Protective Equipment) automated retail stores, in ten NY subway stations including 42nd & 8th St. Port Authority Station, 34th and Herald Square Station, Atlantic Ave Barclays Center, and Roosevelt Ave & 74th St. […]
NY Times Names New CEO
NEW YORK — The New York Times Company has promoted chief operating officer, Meredith Kopit Levien, to succeed Mark Thompson as president and chief executive officer, effective Sept. 8. Ms. Kopit Levien, 49, will join The Times Company’s Board and Mr. Thompson will step down as an officer and director of The Times Company. Kopit […]
Lululemon Buys NY-Based Mirror for $500 Million
Lululemon, maker of athleticwear, has agreed to acquire MIRROR, an in-home fitness company based in NY that features live and on-demand classes with its two-way mirror screen, for a purchase price of $500 million. MIRROR’s primary product is a device that sells for $1,495 and can be placed in your home, apartment or almost anywhere […]
Mastercard Buys Finicity for $825 Million
PURCHASE, NY – Mastercard announced it has entered into an agreement to acquire Finicity, a Utah-based provider of real-time access to financial data and insights. Mastercard will pay $825 million for the company, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met. […]
SiriusXM Buys Podcast Platform Simplecast
NEW YORK — SiriusXM has agreed to buy Simplecast, a podcast management platform that helps podcasters publish, manage, and measure their content. Simplecast is based in upstate Troy, NY and the price of the deal was not disclosed. SiriusXM plans to pair the Simplecast solution with the monetization platform of AdsWizz, the adtech subsidiary of […]