Daily business news in the Great State of New York!
Thirteen years after breaking up into separate companies, Viacom and CBS are merging back together in an all-stock deal. The combined company will be known as ViacomCBS and will have $28 billion in revenue and the scale to compete with other media companies like Netflix, Disney and AT&T and their existing and upcoming streaming subscription […]
NEW YORK and BERKELEY HEIGHTS, NJ — CityMD, the leading urgent care provider in the New York metro area with 120 locations, and Summit Medical Group, a NJ-based operator of independent multispecialty medical practices, have announced the completion of their merger. Terms of the deal weren’t disclosed. The merger is the first-of-its-kind between an urgent care provider and an […]
NEW YORK — TickPick, which operates a no-fee ticket marketplace, has raised a $40 million investment from PWP Growth Equity. This will be TickPick’s first institutional funding round. The investment will allow TickPick to expand marketing and business development initiatives and establish a data team to further improve the company’s customer service by utilizing machine […]
NEW YORK — S&P Dow Jones Indices is adding two companies to the S&P 500, and also making changes to the S&P MidCap 400 and S&P SmallCap 600: S&P MidCap 400 constituents Leidos Holdings Inc. (NYSE:LDOS) and IDEX Corp. (NYSE:IEX) will replace Anadarko Petroleum Corp. (NYSE:APC) and Foot Locker Inc. (NYSE:FL) respectively in the S&P […]
Southwest, the nation’s largest discount airline, said it will end flights from Newark .Airport in New Jersey this November. The airline cited problems with the 737 Max aircraft (photo above) which have been grounded worldwide this year due to safety troubles for cutting Newark service and weak revenues at the airport. Southwest has 34 737 […]
The legendary music group The Rolling Stones has opened a popup store at luxury retailer Bergdorf Goodman’s 5th Avenue flagship in Manhattan now through August 13. The store is celebrating the Rolling Stone’s NO FILTER TOUR, which comes to NYC in early August. Bergdorf Goodman will be the exclusive destination for these limited-edition items in […]
Digital media company AccuWeather is planning an expansion and relocation of its offices in New York City from Rockefeller Center to Lower Manhattan’s financial district. The offices are located at 7 World Trade Center (WTC), 250 Greenwich Street, on the 32nd floor and represent nearly a doubling of the space AccuWeather formerly occupied in Rockefeller […]
SCHENECTADY — Look out Las Vegas, New York is now taking sports bets. For the first time in history, Rivers Casino in Schenectady officially began accepting legal sports bets Tuesday morning at a brand new sports lounge that has the look and feel of ones found in Las Vegas casinos. New York now joins neighboring […]
ARMONK, N.Y. and DALLAS — IBM has formed a multi-year strategic alliance with AT&T, one of the nation’s largest phone companies and owner of Warner Media. Under the agreement AT&T Communications will use IBM’s expertise to modernize AT&T Business Solutions’ internal software applications, enabling migrations to the IBM Cloud. In addition, IBM will provide infrastructure to support […]
The Hooters restaurant chain, known for its beautiful waitresses in orange shorts and t-shirts, has been acquired by private equity firms Nord Bay Capital and NY-based TriArtisan Capital Advisors. The firms bought Hooters of America, the chain’s parent company, from H.I.G. Capital (“H.I.G.”), Chanticleer Holdings and other investors. The amount of the deal wasn’t disclosed. […]
NEW YORK — Sweet Reason Beverage Co.. which sells CBD-infused sparkling water drinks, says it has raised $2.5 million to complete its seed investment round. New York venture capital firm Lerer Hippeau led the funding round with participation from RiverPark Ventures, Max Ventures, and Subversive Capital, a premier cannabis investor via Privateer Holdings, alongside a strategic group of angel investors. Launched […]
Amy’s Kitchen, a leading organic food manufacturer based in Santa Rosa, CA, has broken ground on a 389,000-square-foot specialty frozen food manufacturing facility in Goshen, Orange County NY as its East Coast hub. The facility, which will be one of the largest previously-undeveloped manufacturing plants to select New York State in more than 30 years, […]
NEW YORK — AnyVision, a computer vision company specializing in face, body, and object-recognition software, announced the close of a $74 million Series A financing round. New investment comes from M12, Microsoft’s venture fund, DFJ Growth and OG Technology Partners. Anyvision is based in Israel with U.S. headquarters in NYC. As part of the Series […]
NEW YORK — Talkspace, a healthcare company that lets users connect with over 5,000 therapists online, has raised $50 million in new financing led by Revolution Growth. Existing investors Norwest Venture Partners, Qumra Capital, Spark Capital and Compound Ventures, amongst others are also participating in the round. Talkspace will use the investment to expand access to […]
NEW YORK — Fireblocks, an enterprise platform for securing digital assets in transit, announced this week its launch out of stealth mode with $16 million in Series A funding from Cyberstarts, Tenaya Capital, Eight Roads (the proprietary investment arm of Fidelity International), Swisscom Ventures and MState. The company has offices in NY and Israel. Fireblocks’ customers, which count […]