Daily business news in the Great State of New York!
ARMONK, NY — Inventors at IBM received a record 9,100 patents in 2018, marking the company’s 26th consecutive year of U.S. patent leadership. IBM led the industry in the number of artificial intelligence (AI), cloud computing, security and quantum computing-related patent grants. “IBM is committed to leading the way on the technologies that change the way […]
NEW YORK — MetLife has named Michel Khalaf, president, U.S. Business and EMEA, will become MetLife’s president and chief executive officer on May 1, 2019. Khalaf also has been appointed to the MetLife board effective May 1. Steven Kandarian, who is retiring, will continue to serve as chairman, president and CEO through April 30, 2019. […]
Ginni Rometty — Chairman, President and CEO of IBM — will deliver the opening keynote at CES 2019 on Tuesday, Jan. 8 in Las Vegas. CES (formerly known as the Consumer Electronics Show) is the largest and one of the most influential technology events in the world. Rometty will speak on how technologies like artificial […]
Oath, the bizarre name given to Verizon’s digital media subsidiary, is losing its name next year and will officially become Verizon Media Group on January 8, 2019. Oath was formed on June 23, 2017 when Verizon purchased Yahoo for $4.48 billion. It merged the Internet site with its own content division that included AOL, Techcrunch […]
DES MOINES, Iowa and NEW YORK — Meredith Corporation is selling the FORTUNE media brand and business magazine for $150 million cash to Fortune Media Group Holdings Limited, wholly owned by Thai businessman Chatchaval Jiaravanon. The transaction is expected to close later this year. Mr. Jiaravanon’s family owns Thailand’s Charoen Pokphand Group (www.cpgroupglobal.com), an international conglomerate […]
NEW YORK — Music news magazine Billboard has named Ariana Grande its 2018 Woman of the Year. The award-winning singer, songwriter, actress and activist will accept the honor at the 13th annual Women in Music dinner and awards ceremony on December 6 in New York City. The event, held in conjunction with the release of […]
NEW YORK — Publisher Simon & Schuster announced that Bob Woodward’s FEAR: TRUMP IN THE WHITE HOUSE sold a total of more than 750,000 copies through Tuesday, September 11, the first day the book went on sale. The combined sales figure includes pre-orders and first day sales of print books, ebooks, and audiobooks in both […]
AT&T has completed its $85 billion acquisition of Time Warner Inc., just two days after a federal judge ruled against objections to the deal by the Department of Justice. The deal brings together global media and entertainment leaders Warner Bros., HBO and Turner with AT&T’s strong presence in technology and its video, mobile and broadband […]
Starbucks has partnered with Chase to launch a new prepaid debit card. The Starbucks Rewards Visa Prepaid Card is the first prepaid or debit product where you can earn Stars (reward points) outside of Starbucks. It is the only general purpose reloadable (GPR) prepaid product that allows you to earn Stars for purchases you make […]
MGM Resorts, owner of the MGM Grand casino in Las Vegas and 28 casinos around the country, has agreed to purchase the Empire City Casino in Yonkers and racetrack for $850 million. MGM Resorts is purchasing the facility with its real estate investment trust MGM Growth Properties (MGP). MGM Resorts and MGP have entered into an […]
NEW YORK — Consulting firm Accenture plans to spend more than $200 million over the next three years to help train and educate disadvantaged people with job skills for the digital age. “As a technology leader, we have an obligation to apply new scalable technology solutions to help solve complex societal challenges,” said Pierre Nanterme, […]
NEW YORK — E*TRADE Financial Corporation has released its Monthly Trading Activity Report for April 2018. Daily Average Revenue Trades (DARTs) for April were 249,939, a 12 percent decrease from March and a 28 percent increase from the year-ago period. Derivatives represented 35 percent of DARTs during the month. The Company added 188,056 gross new […]
The NY Times has hired Li Yuan, a China tech columnist at The Wall Street Journal, to be its first Asia technology columnist for the Business section. She starts in May and will be based in Hong Kong. Li has been a China tech columnist at WSJ since 2015, writing a weekly column called China […]
Chicken sandwich fast-food chain Chick-fil-A has opened its largest location in Downtown Manhattan in the Financial District. Located at 144 Fulton Street next to Fulton Center Station, the new Chick-fil-A has 12,000 square feet and a rooftop terrace (pictured above). The restaurant features five levels, kiosk ordering technology, and seating for 140 guests. The restaurant […]
While many magazines are going online only, Dow Jones is doing the opposite with Mansion Global. The Wall Street Journal publisher has launched a print magazine this month based on its popular luxury real estate website. The first issue of Mansion Global magazine appeared in the March 19th edition of Barron’s magazine, polybagged with the […]