Daily business news in the Great State of New York!
NEW YORK — Spark Design honors the world’s best designed products with the 15th annual Spark Design Awards. Of the many themes submitted, Spark Judges were encouraged to find designers addressing social, health and environmental changes head-on. Well-known companies like IBM, Fitbit, Samsung, SOM, Philips/Signify, Google, Pepsico, HP and Polestar submitted their products along with smaller firms […]
Dr. Jim Malatras has resigned from his position as Chancellor of the State University of New York on Thursday after facing calls for his resignation. Malatras has been a supporter of former Governor Mario Cuomo and reportedly tried to smear one of Cuomo’s sexual harassment accusers during the investigation of Cuomo’s activities two years ago. […]
Verizon has teamed up with luxury audio brand Bang & Olufsen to offer new soundbars that feature Verizon’s StreamTV that give customers that big movie experience in your living room with no additional speakers or receiver required. Stream TV Soundbar ($399.99) and Stream TV Soundbar Pro ($999.99) are available exclusively at Verizon. As part of Verizon’s Buy […]
NYYU Langone Health has received a $166 million gift from the Bezos family to improve the health and wellness of diverse populations across the NYU Langone Hospital—Brooklyn community. This gift follows a $25 million philanthropic pledge made in 2017 by the Bezos Family Foundation to support major initiatives to help mothers, children, and families in Brooklyn. […]
NEW YORK — Santa’s Secret, a new immersive experience for people 16 years and older, makes its debut today at Hudson Yards and is produced by Voss Events.. This 2-hour immersive spectacle will find a home on the 5th floor of The Shops and Restaurants at Hudson Yards, located at 20 Hudson Yards and starts […]
Blackstone has completed its majority purchase of SPANX, an Atlanta-based maker of hosiery and shapewear for women, in a deal valuing the company at $1.2 billion. Additional new investors in SPANX participating in the closing include celebrity female entrepreneurs Oprah Winfrey, Reese Witherspoon and Whitney Wolfe Herd, as well as female-founded investment funds G9 Ventures […]
Plug Power Inc. has officially opened its new, $125 million Innovation Center in the Town of Henrietta, Monroe County, a suburb of Rochester. NY. Governor Kathy Hochul attended an official opening event last week. “Plug Power is a key partner in New York State’s efforts to move both the state and the nation toward a […]
NEW YORK — Robin Hood, an organization fighting poverty in NYC, has released “Spotlight On State of Food Hardship in New York City.” The new report, developed in collaboration with Columbia University’s Center on Poverty and Social Policy and the Columbia Population Research Center, found that 39% of New Yorkers experienced food hardship in 2020, including 46% of Bronx residents. […]
NEW YORK — fuboTV Inc. is expanding its live TV service in Europe by acquiring France’s number one live TV streaming company, Molotov SAS, for $190 million. The transaction fuels fuboTV’s global expansion strategy by leveraging Molotov’s unique direct-to-consumer live TV streaming service and its advertising video-on-demand (AVOD) platform, Mango, which combined total nearly four […]
The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the three-month period ending Sept. 30, 2021, according to New York State Comptroller Thomas DiNapoli. It ended the quarter with an estimated value of $267.8 billion. “Market volatility brought returns down […]
NEW YORK — SL Green Realty Corp. has sold an office building at 590 Fifth Avenue in Manhattan for a gross sale price of $103.0 million. “Closing on the sale of 590 Fifth Avenue at a price of $1,000 per square foot demonstrates the continued demand for well-located New York City office and retail properties,” said Harrison Sitomer, Senior Vice President of […]
SCHENECTADY and WILLIAMSVILLE, N.Y. — Upstate supermarket chains Price Chopper/Market 32 and Tops Markets have announced the closure of their merger following approval from the Federal Trade Commission (FTC). Under the terms of the deal, the two companies will be managed locally by their respective leaders and continue to be referred to by their established brand […]
NEW YORK — Buyk, a retail service that promises grocery delivery within 15 minutes, has expanded into Brooklyn, Queens and the Bronx, following the company’s launch in Manhattan in September. The move brings the Company’s total number of dark stores to 20, making Buyk one of the largest and fastest-growing ultrafast grocery delivery services operating […]
NEW YORK — American Express has introduced a new Business Checking account designed for small and mid-sized (SME) businesses. This fully digital Business Checking account offers a secure, high-yield, and low fee digital banking experience with interest rate of 1.1% on balances up to $500,000. The checking account connects with existing American Express Credit Cards […]
The tablet market saw a 10% drop in shipments year-on-year, but market demand is still far stronger than it was pre-pandemic with people working from home, according to a new report by Strategy Analytics. Apple managed to buck the trend with shipments up 15% year-over-year and 38% of the tablet market share on the strength […]