Daily business news in the Great State of New York!
NEW YORK — Vroom, an online platform for buying and selling used cars, saw its stock take off on the Nasdaq exchange Tuesday. Trading under the symbol VRM, the NY-based company sold 21.25 million shares at $22 each and raised $468 million. Shares in Vroom closed trading Tuesday at $47.90, more than double its offering […]
Right in time for summer, the Jack Daniel Distillery — best known for its whiskey — is launching the new Jack Daniel’s Canned Cocktails series featuring Jack & Seltzer; Jack & Cola; and Jack, Honey & Lemonade, available in select markets beginning this month. Each cocktail is made with Jack Daniel’s Tennessee Whiskey, perfectly mixed […]
MELVILLE, NY — Canon U.S.A., the maker of cameras and imaging solutions, says it can measure crowd sizes in real-time with new software fittingly named the Crowd People Counter. The video content analysis software can quickly provide event management teams and law enforcement agencies the ability to gather crowd size data in real-time. The gathering and analysis of […]
NEW YORK — Hershey’s ranked the top consumer goods brand in the U.S. folllowed by Kellogg’s and Ben and Jerry’s according to a study by brand marketing firm MBLM. The consumer goods industry ranked fifth out of 15 industries studied in MBLM’s Brand Intimacy 2020 Study, which is the largest study of brands based on emotions. With surging […]
NEW YORK – There will be no shows on Broadway this summer. With the ongoing suspension of Broadway performances due to COVID-19 continuing until further notice, the Broadway League — the trade association for Broadway industry — is updating information regarding performance cancellations and ticketing refunds. While a date to resume performances is yet to […]
PURCHASE, NY — As consumers increasingly turn online to stock their homes and apartments for food and beverages during the coronavirus pandemic, PepsiCo, Inc. has just launched two of its own sites to sell snacks directly to customers. PantryShop.com and Snacks.com are two new websites where shoppers can order an assortment of PepsiCo’s best known […]
NEW YORK — The Wall Street Journal, a division of News Corp., said it has surpassed over 2.2 million digital subscribers in May and has a total of nearly 3 million paid subscribers including the print newspaper. As part of the company’s third quarter earnings report ending March 31, News Corp also noted that The […]
NEW YORK — Beauty products company Coty Inc. announced a strategic partnership with investment firm KKR which will provide the Company with an initial investment of $750 million through the sale of convertible preferred shares to KKR. Additionally, Coty and KKR signed a Memorandum of Understanding (“MOU”) for the sale of a majority in Coty’s […]
Streaming services need all the content they can get to compete with so many different offerings now available. HBO Max, launching on May 27, has acquired the rights to a new cooking show starring pop singer Selena Gomez. The untitled series is being executive produced by Gomez and July Moon Productions, along with executive producers […]
NEW YORK — DexCom and Domino’s Pizza are joining the prestigious S&P 500 stock index. Dow Jones Indices said it will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 12: DexCom Inc. (NASD:DXCM) will replace Allergan plc […]
NEW YORK — Columbia University has announced winners of the 2020 Pulitzer Prizes, awarded on the recommendation of the Pulitzer Prize Board. The New York Times won three Pulitzer awards — in Investigative Reporting, International Reporting and Commentary — and now has 130 total — more than any other news organization. For more info, visit […]
U.S. News & World Report, which used to publish a weekly news magazine but now specializes in rankings and consumer advice, has revealed its list of the 2020 Best High Schools. This expansive edition ranks more schools across America than ever before, evaluating more than 17,700 public high schools on how well they serve all […]
NEW YORK — Verizon Business has agreed to acquire BlueJeans Network, an enterprise-grade video conferencing and event platform. Terms weren’t disclosed but Verizon is reportedly paying less than $500 million for the San Jose-based company which is a competitor to Zoom Video Communications. The acquisition will help expand Verizon’s immersive unified communications portfolio. BlueJeans’ cloud-based […]
Nearly 100 percent of food banks in the Feeding America network are serving more neighbors in need during the COVID-19 pandemic, yet nearly 60 percent are facing reduced inventory levels amidst rising demand. This is according to a recent survey by Feeding America, the nation’s largest domestic hunger-relief and food rescue organization. All 200 food […]
In response to rising levels of anxiety, uncertainty and fear resulting from the coronavirus pandemic, The Salvation Army has launched its first nationwide hotline to provide emotional and spiritual care to anyone impacted by this crisis. If you’re looking for spiritual guidance or local services, or if you just need someone to talk with, Salvation […]