South Street Seaport’s effort to transform itself from a rowdy tourist destination to an actual hot spot will continue this month with the planned opening at Pier 17 of a new eatery by Michelin-rated chef Andrew Carmellini. The chef behind Locanda Verde in Robert de Niro’s Greenwich Hotel is gearing up to open Italian chop...Read More
Activist investor Elliott Management owns a large stake in Dropbox and has been holding private discussions with the file-sharing service provider for some time, a source familiar with the matter said on Wednesday. The hedge fund owns a stake of more than 10 percent, which is valued at more than $800 million, the person said, declining to reveal...Read More
Tech workers are fleeing San Francisco and New York for cheaper cities, but Miami isn’t a big destination, according to new data. Austin, Texas, saw the largest influx of tech workers during the pandemic, with a net 217 software and information technology workers moving to the city per 10,000 existing workers. Nashville clocked in second...Read More
Etsy is making an outsize bet on Gen Z’s vintage clothing craze. The Brooklyn-based arts-and-crafts site said Wednesday it is buying the social shopping app Depop — which has a reputation for selling TikTok-worthy vintage clothing — for $1.63 billion in cash. London-based Depop, founded in 2011, says about 90 percent of its 30 million...Read More
Naomi Osaka’s sponsors are standing by her. Sports apparel giant Nike, which signed a sponsorship deal with Osaka in 2019, commended the 23-year-old tennis star for opening up about her struggles with depression after she dropped out of the French Open. “Our thoughts are with Naomi. We support her and recognize her courage in sharing...Read More
JBS Foods, the world’s largest meat supplier, said it has made “significant progress in resolving the “cyberattack” that shutdown all of its US beef plants on Tuesday, easing fears of further meat price increases. The “vast majority” of the company’s plants are expected to reopen on Wednesday, JBS USA CEO Andre Nogueira said in a...Read More
Suspense, mystery, intrigue — the latest AMC drama has a plot twist not even the movie theater company saw coming. AMC Entertainment announced Tuesday it will raise $230.5 million by selling 8.5 million shares to hedge fund Mudrick Capital, saying it plans to use the cash to “go on the offense” by pursuing opportunistic acquisitions...Read More
A new ride-sharing app that advertised lower prices than Uber and Lyft launched in New York City over the weekend — but was forced to raise fares after admitting Tuesday that it was not charging some riders sales tax. Co-op Ride, which has billed itself as an ethical alternative to Uber and Lyft, said that...Read More
Amazon warehouse workers and delivery drivers are injured far more often on the job than employees of competitors like Walmart and UPS, according to a new study. In 2020, 5.9 out of every 100 Amazon warehouse workers were victims of “serious injuries” that required them to either miss work or be placed on light duty....Read More
New York Attorney General Letitia James on Tuesday asked a state court to order Eastman Kodak and its CEO James Continenza to provide evidence and testimony in advance of a planned insider-trading lawsuit against them. The company and Continenza both violated New York securities law when he bought 46,737 shares of the company’s stock on...Read More
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