Wings of New York, a virtual restaurant concept created by fast food restaurant company Nathan’s Famous has opened its first physical restaurant, located in the Yankee Stadium in New York City. The newly opened Wings of New York restaurant will serve a limited version of the menu, which includes Harlem style Chicken and Waffles apart […]
Infosys said that it had joined forces with RXR Realty to build and deploy a smart building health and wellness solution called RxWell, which runs on Microsoft Azure. RxWell is a public-health-based, data-driven platform, which offers health and wellness insights and management tools. It is designed to help property managers, office workers, and tenant administrators […]
New York Community Bancorp (NYCB) has signed an all-stock deal to acquire Michigan-based Flagstar Bancorp (FBC) for about $2.6 billion. Flagstar Bancorp is a $29.4 billion savings and loan holding firm that owns Flagstar Bank. The bank offers commercial, small business, and consumer banking services via 158 branches across Michigan, California, Indiana, Wisconsin, and Ohio. […]
Andium, a New York City-based industrial internet of things (IIOT) company, which provides remote-field monitoring and communications technologies, has raised $15 million in a Series A round. The funding round was led by OGCI Climate Investments (OGCI CI). It also saw the participation from existing investors – Tom Miglis and Talis Capital. Andium said that […]
Arthur J. Gallagher & Co. said that Gallagher Bassett Services (GB), its risk management services subsidiary, has acquired Terrier Claims Services (TCS) and its affiliate – MT Investigations, based in Pleasantville, New York. The financial terms of the deal were not revealed. Established in 1996, Terrier Claims Services is a claims investigation firm. The company is exclusively […]
Pennsylvania-based Northwest Bank has agreed to divest its insurance business – Northwest Insurance Services to insurance brokerage USI Insurance Services for an undisclosed price. Northwest Insurance Services provides property and casualty, disability, life, and long-term care insurance, in addition to group health, life and disability employee benefits. Ron Seiffert – President and CEO of Northwest Bank […]
M&T Bank Corporation has signed an all-stock deal worth around $7.6 billion to acquire rival US bank holding company People’s United Financial. Headquartered in Bridgeport, Connecticut, People’s United Financial is the holding company of People’s United Bank. Established in 1842, People’s United Bank provides commercial and retail banking via more than 400 retail locations across […]
Cubic Transportation Systems (CTS) has won a $39 million worth contract from the New York Metropolitan Transportation Authority (NY MTA) to deliver equipment for its new fare payment system – One Metro New York (OMNY). Under the contract, the business unit of Cubic Corporation will upgrade the fare payment system for Long Island Rail Road […]
Paysafe SPAC merger : UK-based online payments company Paysafe Group is set to go public by merging with Foley Trasimene Acquisition Corp. II in a deal that values the former at around $9 billion. The special purpose acquisition company (SPAC) is backed by US businessman William P. Foley, II (Bill Foley). Following the completion of […]
Stem, Inc., a US-based artificial intelligence (AI)-driven energy storage company, has agreed to merge with Star Peak Energy Transition, a publicly-traded special purpose acquisition company (SPAC), in a $1.35 billion deal. The merger will enable the energy storage company to become a public company. Following the completion of the deal, the combined firm will operate […]