Content about Economy of New York City

March 26, 2014

Celebrity beauty licensing company Boldface Group has named former Smashbox executive John LaBonty as president and CEO.

SANTA MONICA, Calif. — Celebrity beauty licensing company Boldface Group has named former Smashbox executive John LaBonty as president and CEO.

February 3, 2014

Nielsen Holdings on Monday announced that it has completed the tender offer by Nielsen and its wholly owned subsidiary, Prime Acquisition Corp., to acquire all outstanding shares of common stock of Harris Interactive, a global market research firm.

NEW YORK — Nielsen Holdings on Monday announced that it has completed the tender offer by Nielsen and its wholly owned subsidiary, Prime Acquisition Corp., to acquire all outstanding shares of common stock of Harris Interactive, a global market research firm. Nielsen expects to complete the acquisition of Harris through a merger under Delaware law. Upon the completion of the merger, Harris Interactive will become a wholly owned subsidiary of Nielsen and its shares will cease to be traded on the NASDAQ Stock Market.

December 16, 2013

More Americans now say they are loosening the purse strings in advance of the holiday season, and fewer say they are tightening their belts, according to a recent survey.

NEW YORK — More Americans now say they are loosening the purse strings in advance of the holiday season, and fewer say they are tightening their belts, according to a recent Citi national survey released Monday. Only 35% said they would be spending less than last year, reflecting the lowest level of holiday budget cutbacks since the financial crisis. As many as 63% of Americans plan to spend more (11%) or the same (52%) on holiday shopping this year.

November 22, 2013

At Bloomberg's The Year Ahead: 2014 conference at the Art Institute of Chicago on Thursday, Walgreens president and CEO Greg Wasson joined a group of health care thought leaders to discuss the state of healthcare in the United States.

CHICAGO — At Bloomberg's The Year Ahead: 2014 conference at the Art Institute of Chicago on Thursday, Walgreens president and CEO Greg Wasson joined a group of health care thought leaders to discuss the state of healthcare in the United States. 

October 8, 2013

American Express Serve announced a free nationwide cash load network and the addition of new money management capabilities to its full-service reloadable prepaid account.

NEW YORK — American Express Serve announced a free nationwide cash load network and the addition of new money management capabilities to its full-service reloadable prepaid account. The new features enable Serve customers to load cash for free at more than 14,000 participating CVS/pharmacy and 7-Eleven stores. According to reports, the number of stores will grow by the end of 2013 to about 20,000, with the addition of Family Dollar, Office Depot, Walgreens and Duane Reade stores.

August 5, 2013

Revlon is looking to acquire from CVC Capital Partners the beauty company Colomer Group for $660 million, a move that will enable Revlon to expand into the professional salon market.

NEW YORK — Revlon is looking to acquire from CVC Capital Partners the beauty company Colomer Group for $660 million, a move that will enable Revlon to expand into the professional salon market.

The acquisition, which is subject to certain customary conditions and regulatory approvals, is expected to close in the fourth quarter of 2013. Revlon expects to finance the acquisition using funds underwritten by Citigroup Global Markets.

May 9, 2013

Costco sales grew 7% in April over April 2012, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale Corp.'s sales grew 7% in April over April 2012, the club retailer said Thursday.

Costco reported sales of $7.98 billion for the four weeks that ended Sunday, compared with $7.48 billion during the same period last year. Sales for the 35-week period that ended Sunday were $69 billion, 9% higher than the $63.59 billion recorded last year.

Sales in the United States at continuously open stores since last April increased by 4%, while same-store sales for the 35 weeks that ended Sunday increased 6%.

April 8, 2013

Blackhawk Network Holdings announced its intent to open its initial public offering of 10 million shares at an estimated offering price of $20 to $22 per share.

PLEASANTON, Calif. — Blackhawk Network Holdings on Monday announced its intent to open its initial public offering of 10 million shares at an estimated offering price of $20 to $22 per share. The IPO will consist solely of shares to be offered by existing stockholders, including Safeway, and could raise as much as $220 million. 

February 11, 2013

Mylan has appointed its president and a former partner at Goldman Sachs to its board of directors, the generic drug maker said.

PITTSBURGH — Mylan has appointed its president and a former Goldman Sachs & Co. partner to its board, the generic drug maker said Monday.

Mylan announced the appointment of president Rajiv Malik and former Goldman Sachs partner Melina Higgins to its board.

January 4, 2013

According to a Bloomberg report, Abbott Laboratories, Johnson & Johnson and Sanofi are all potential suitors for Bausch & Lomb's eye care business in a deal that could be valued as high as $10 billion.

NEW YORK — According to a Bloomberg report published Friday morning, Abbott Laboratories, Johnson & Johnson and Sanofi are all potential suitors for Bausch & Lomb's eye care business in a deal that could be valued as high as $10 billion. 

B&L is being shopped by private equity firm Warburg Pincus, which is working with Goldman Sachs Group, Bloomberg reported, and both Abbott and Sanofi have contracted financial advisors as well. 

Other companies who have been invited to bid include Merck and Pfizer. 

December 21, 2012

Watson Pharmaceuticals will present at two conferences sponsored by financial banks, the company said.

PARSIPPANY, N.J. — Watson Pharmaceuticals will present at two conferences sponsored by financial banks, the company said.

Watson said that president and CEO Paul Bisaro would provide an overview and update of the company's business at the 2013 Goldman Sachs "Healthcare CEOs Unscripted: A View from the Top" conference, scheduled for Jan. 3, 2013, at the Goldman Sachs Conference Center in New York.

Six days later, on Jan. 9, Bisaro will present at the annual J.P. Morgan Healthcare Conference, at the Westin St. Francis Hotel in San Francisco.

December 19, 2012

Predictions of a more active flu season are coming true as temperature differences have helped drive flu activity, a Citibank financial analyst wrote.

NEW YORK — Predictions of a more active flu season are coming true as temperature differences have helped drive flu activity, a Citibank financial analyst wrote.

In a letter to investors, Citi Research analyst Deborah Weinswig wrote that influenza virus activity in the week ended Dec. 8 increased year over year for the ninth consecutive time this season and increased significantly compared with last week — up 28.3% compared with last week's 20.7%.

September 4, 2012

American Express and Fred's on Friday announced the launch of a special three-month American Express Cardmember offer beginning in September to celebrate the recent card acceptance agreement between the two companies.

NEW YORK 

June 8, 2012

Kraft Foods announced that it has shifted its stock listing from the New York Stock Exchange to the NASDAQ global select market.

NORTHFIELD, Ill. — Kraft Foods announced that it has shifted its stock listing from the New York Stock Exchange to the NASDAQ global select market.

The company said its decision to shift its listing — which still will trade under the ticker symbol KFT — will yield greater cost efficiencies, while providing visibility advantages for the company's iconic brands. Kraft Foods begin trading on NASDAQ on June 26.

May 31, 2012

Teva Pharmaceutical Industries has transferred its stock listing from NASDAQ to the New York Stock Exchange, the drug maker said Wednesday.

NEW YORK — Teva Pharmaceutical Industries has transferred its stock listing from NASDAQ to the New York Stock Exchange, the drug maker said Wednesday.

The company began trading on the NYSE under the ticker symbol "TEVA." On hand Wednesday to ring the Opening Bell and celebrate the company's first day of trading on NYSE were Teva's new president and CEO Jeremy Levin, as well as board chairman Phillip Frost, CFO Eyal Desheh, Teva Americas CEO William Marth and employees from Teva's businesses around the world.

July 5, 2011

ProPhase Labs on Tuesday announced that it received a letter from the NASDAQ Stock Market indicating that the company no longer is in compliance with NASDAQ listing rules because the closing bid price per share of its common stock has dropped below $1 per share for 30 consecutive trading days.

DOYLESTOWN, Pa. — ProPhase Labs on Tuesday announced that it received a letter from the NASDAQ Stock Market indicating that the company no longer is in compliance with NASDAQ listing rules because the closing bid price per share of its common stock has dropped below $1 per share for 30 consecutive trading days.

ProPhase will have until Dec. 27 to push its stock price above $1 for a minimum of 10 consecutive trading days to regain compliance or risk being delisted.