Daily business news in the Great State of New York!
Manhattan office buildings continue to remain nowhere near capacity and will likely stay that way according to a new study. The Partnership for New York City surveyed major employers between January 10 and January 18, 2022, to gauge the impact of the omicron variant on the pace of return to office among New York City […]
LOCKPORT, NY – General Motors, one of the nation’s leading automakers, announced plans to invest nearly $154 million in its Western New York Lockport Components plant. The investment will be used to renovate the facility and purchase and install new machinery and equipment used in the production of the stator module, a key component in an […]
ALTAMONT — NY-based Schweiger Dermatology Group has a made another deal with the acquisition of Theta Dermatology in Altamont, a suburb of Albany. Founded by dermatologist Dr. Theta Pattison, Theta Dermatology has served patients in New York’s Capital District since 1995. Terms were not disclosed. “Schweiger Dermatology aligns with our practice by focusing on excellent […]
NEW YORK — Wilson Sporting Goods, manufacturer of high-performance sports equipment, officially opened its first flagship store in New York City. Located in the heart of SoHo, the Wilson NYC Flagship opened with a celebration featuring local NYC athletes and advisors including pro basketball trainer Chris Brickley, WNBA guard Betnijah Laney, NFL quarterback Mike White, MLB infielder Andrew Velazquez and […]
The house doesn’t always win. New York’s four in-person casino sportsbooks have all reported losses on sports betting in the past two weeks. In reports with the NY Gaming Commission, the sportsbooks at all four upstate casinos — Del Lago in Waterloo, Rivers Casino in Schenectady, Resorts World at Monticello and Tioga Downs at Nichols […]
SYRACUSE — Two months after the signing of the Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act), Senate Majority Leader Chuck Schumer and Deputy Secretary of Commerce Don Graves toured JMA Wireless’ (JMA) new state-of-the-art 5G factory in downtown Syracuse — the first and only U.S.-owned 5G manufacturing facility in the country. [Photo above: Senator […]
NEW YORK — Urban Umbrella, which offers a more aesthetically-pleasing alternative to unsightly building scaffolding in New York City, has raised $6.5 million in venture debt. The round was led by New York-based Anthos Properties, a commercial and residential real estate developer and property management company. Paul Anagnostopoulos, principal and director of acquisitions for Anthos, […]
Online sportsbook BetMGM went live on Monday, becoming the fifth online sportsbook now taking bets in NY state. Following the legalization of online sports betting in the state on January 8, 2022, BetMGM has now made the Empire State the 19th US market where its gaming products are available. The other four online sportsbooks now […]
NEW YORK –– Chief, a private network designed for top female executives, has decided to expand its service across the country. Beginning immediately, Chief will welcome qualified applicants throughout the U.S. to join its influential executive network. Since launching in New York in 2019, Chief’s membership has grown to over 10,000 senior women leaders in […]
ARMONK, NY — IBM announced this week it has acquired Envizi, an Australian-based data and analytics software provider for environmental performance management. This acquisition builds on IBM’s growing investments in AI-powered software, including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite, to help organizations create more resilient and […]
NEW YORK — Colgate-Palmolive has announced the winners of the Colgate Connect Challenge, its first-ever global pitch competition aimed at startups from around the world focused on developing world-changing products to promote healthy futures. The challenge sought to connect Colgate with external startups offering innovative solutions in three areas: quantified health and analytics; smart and […]
NEW YORK — Touro College and University System, one of the nation’s leading non-profit Jewish higher education institutions, wants to build a new 243,305 square-foot campus at 3 Times Square. [Photo Above: Rendering of 3 Times Square and Touro campus.] The Midtown skyscraper for 3 Times Square is located on Seventh Avenue between 42nd and 43rd […]
The Times-Union, a newspaper covering the Capital District and Hudson Valley, announced it has surpassed 30,000 paying subscribers for digital access to its website. The newspaper is owned by the Hearst Corporation which also owns several Connecticut newspapers as well as the San Francisco Chronicle and San Antonio Express-News. The Times-Union attributes its recent growth […]
NEW YORK — The New York Times Company is purchasing The Athletic, a global sports website, for an all cash purchase price of $550 million. The deal is expected to close in the first quarter of 2022. The Athletic has more than 450 full-time writers, editors and producers break exclusives, cover the biggest moments, and […]
Get ready to place your sports bets in NY — online!!! The NYS Gaming Commission announced that four licensed Mobile Sports Wagering Operators – Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive – have satisfied all statutory and regulatory requirements necessary to accept and process mobile sports wagering activity and have been approved to commence […]