New York City Mayor Eric Adams is at the center of a sensational legal controversy, with US media reporting on Thursday that he has been accused of sexually assaulting a female coworker 30 years ago. As New York sees a surge in such lawsuits ahead of a statute of limitations deadline, Adams finds himself embroiled […]
New York City’s innovative tech startup, Castellum.AI, has secured a seed investment of $4M. This recent funding round, led by prominent investor Spider Capital and backed by others including NewFund, Remarkable Ventures, Cameron Ventures, and various angel investors, witnessed an oversubscription by a notable $1.5M. The Vision Behind Castellum.AI The venture prides itself on creating […]
A tragic event unfolded in the Bronx, New York City, on Friday, September 15, when one child died and three others were hospitalized following an incident at Divino Niño Daycare. Local media suggest that fentanyl exposure may be involved, although official confirmation is pending. A two-year-old boy is in serious condition, while another two-year-old boy […]
The Biden-Harris Administration has taken a significant step in advancing the Gateway Hudson River Tunnel project into the next phase of the Federal Transit Administration’s (FTA) Capital Investment Grants (CIG) program. The project, a long-overdue $17.18 billion investment, plans to construct a new Hudson River Tunnel between New York and New Jersey and rehabilitate the […]
Helbiz Kitchen, a subsidiary of micromobility.com Inc., has opened its first ghost kitchen in New York City. The ghost kitchen is situated at West 38th street. As per Helbiz Kitchen, the expansion will mark the growth of its footprint in the US by bringing its distinctive culinary offerings in the very first instance across customers […]
Xperience Restaurant Group, a casual and fine dining operator, has acquired Texas-based Rio Mambo Tex Mex y Mas and THE RIM scratch craft eats from RM Restaurant Group, expanding into the Lone Star state. The financial terms of the transaction were not disclosed. With the acquisition, Xperience Restaurant Group anticipates to add six restaurant locations […]
Primark, an Irish multinational fast fashion retailer, is set to open three new stores in New York as part of its growth strategy to operate 60 stores in the US by 2026. Anticipated to open before 2023, the three new New York Metro stores are located at Roosevelt Field in Garden City, City Point in […]
American healthcare company VillageMD has signed an agreement to acquire Summit Health-CityMD, a primary, specialty, and urgent care provider, in a transaction valued at around $8.9 billion, with an aim to advance healthcare in the US. The transaction is expected to deliver a complete patient experience for the optimal individual and community outcomes. VillageMD will […]
Rhode Island-based Citizens Financial Group has wrapped up the previously announced acquisition of private investment banking firm DH Capital. The financial terms of the deal announced in December 2021 were not disclosed. Based in New York City, DH Capital caters to companies in the software, internet infrastructure, and next generation IT services, and communications sectors. […]
Eli Lilly and Company (Lilly) has revealed plans to open a new research facility for genetic medicine dubbed as Lilly Institute for Genetic Medicine in Boston with an investment of around $700 million. According to the US pharma giant, the investment in the Boston Seaport site is part of its strategy to advance RNA based […]