Daily business news in the Great State of New York!
Chip maker GlobalFoundries made its debut on the Nasdaq stock market Thursday at $47 per share but the stock dropped slightly on the day to close at $46.40, down 60 cents. The company trades under the symbol GFS and raised $2.6 billion. [Photo above from Twitter: GlobalFoundries CEO Tom Caulfield (center) celebrates with employees the […]
NEW YORK — Music superstar Billie Eilish is launching her first perfume in partnership with Parlux called Eilish. The 19-year old from Los Angeles has been obsessed with scent her entire life, from a fascination with perfume bottles as a child to collecting hundreds of fragrances as she toured the world. To bring her first […]
NEW YORK — Accounting firm Mazars announced that effective September 1, 2021, John Confrey, Rachel Efthemes, Timothy Evans, Melissa Gonzalez, Benjamin Hutterer, Samuel Pizzichillo, and Stephen Saluccio have been named Partners and Shiv Venkatraman has been named a Principal. “Each of the individuals named Partner or Principal this year has demonstrated a commitment to living The Mazars Way – not only delivering exceptional client service […]
NEW YORK — Macy’s, Inc., the nation’s largest department store company, plans to hire 76,000 full- and part-time employees for the holidays at its Macy’s, Bloomingdale’s and Bluemercury stores along with call centers and distribution and fulfillment centers. Approximately 48,000 of these positions are for the holiday season, while the remaining jobs are permanent opportunities […]
ARMONK, NY — IBM has announced a suite of environmental intelligence software that leverages Artificial Intelligence (AI) to help organizations prepare for and respond to weather and climate risks that may disrupt business, more easily assess their own impact on the planet, and reduce the complexity of regulatory compliance and reporting. Companies are facing climate-related […]
NEW YORK — Oshi Health, a virtual specialty care company transforming gastrointestinal (GI) health outcomes and economics, announced a $23 million Series A funding round from leading healthcare venture capital funds and individual investors. The funds will be used to rapidly scale Oshi Health’s groundbreaking virtual-first, integrated approach to GI care delivery. Oshi Health’s evidence-based, […]
LATHAM, NY — Plug Power Inc., a provider of fuel cells powered by hydrogen, is teaming up with French auto maker Renault to introduce the HYVIA hydrogen ‘Renault Master Van H2-TECH prototype’. The vehicle was unveiled at the 2021 Plug Power Symposium, the first time the new hydrogen fuel cell powered van is being shown […]
NEW YORK — Global law firm White & Case LLP announced the promotion of 59 lawyers around the world to its partnership. The promotions are effective on January 1, 2022, and represent 12 of the Firm’s global practices across 24 locations throughout the Americas, EMEA and Asia-Pacific. White & Case was founded New York in 1901 and now […]
NEW YORK — Studs, an ear piercing experience and earrings brand, has announced a $20 million Series B funding round, bringing its total funding to date to $30 million. Spark Capital led the round with participation from existing investors, including Thrive Capital, First Round Capital and Lerer Hippeau. This financing follows a previously unannounced Series […]
NEW YORK — Rentigo, a rent processing platform for real estate operators, and HelloRented, the rental finance platform with AI-based underwriting capabilities and a unique, cash-based, alternative security deposit solution, announced that the two companies have merged to form Qira. Qira is a new end-to-end financial services platform that supports residential owners, property managers and […]
NEW YORK — IMAX Corporation — operator of large-format movie screens around the world — reported $30 million in ticket sales at the global box office this weekend, delivering its best October weekend ever at the box office and its biggest global weekend tally since December 2019. In the clearest sign yet that global moviegoing is […]
ENDICOTT, NY — Phoenix Investors has purchased a former IBM campus made up of 29 buildings and encompassing 130 acres near Binghamton. The campus is commonly known as the birthplace of IBM and comprises approximately 4 million square feet in Endicott, NY. The cluster of buildings, generally encompassing downtown Endicott is now known as the Huron […]
The Jacobs Urban Tech Hub at Cornell Tech, in partnership with Google for Startups and industry nonprofit Tech:NYC, announced the launch of the “NYC Recovery Challenge.” The challenge will bring together startup entrepreneurs from across the five boroughs to pitch tech solutions for New York’s recovery to a panel of business, economic, and policy experts […]
Cornell University’s School of Hotel Administration is getting a new name after receiving a $50 million gift from alumni Peter Nolan ’80, MBA ’82, and his wife Stephanie Nolan ’84. (Photo above: Stephanie Nolan and husband Peter Nolan at their home in Trumansburg, NY along Cayuga Lake. [Photo by Jason Koski/Cornell University]) The donation will […]
NEW YORK — JPMorgan Chase & Co announced it has acquired Frank, a fast-growing college financial planning platform, to help millions of students and their families navigate their financial journey to college and beyond. Terms of the purchase weren’t disclosed. The firm will acquire Frank’s entire business, including its Easy FAFSA, Classfinder College Course Marketplace, […]