Investing and Global Finance News

Category Archives: Company Focus

Rosalind Brewer Becomes 20th Black CEO in America

Rosalind Brewer has been named incoming CEO of Walgreens, effective March 15, 2021. This role makes Brewer, who is leaving her position as COO at Starbucks, the only Black woman to lead a Fortune 500 company.

Brewer joins the other 19 Black CEOs — 17 men and two women — who have ever been listed as CEOs on the Fortune list which began in 1955. She also became the only Black woman to sit on the board of Amazon when she joined in 2019.

In 2018, only 3.3% of all US corporate executive and senior management or leadership roles were held by Black people. Not much change has been accomplished in three years, according to the Equal Employment Opportunity Commission. Sadly, there aren’t enough Black women in the corporate leadership pipelines at most major companies to reduce disparities between Black and White women, who are also vastly underrepresented at the highest levels of executive leadership.

Broadway Ticketing Reworked by NY-based Company

Broadway Ticketing Reworked by NY-based Company

Jujamcyn, the company responsible for the operations of five Broadway theaters, has signed a deal with New York-based SeatGeek. Many theater and performance spots are planning ahead for post-COVID reopenings. For Jujamycn, part of its new strategy included a major rework of its ticketing system. SeatGeek, a well-known sports industry player, is using its contract… Continue Reading

Funding Boost for NY Security Company

The New York City-based, BigID, a privacy and protection technology company, has raised $70 million in Series D funding. Salesforce Ventures and Tiger Global lead the investing this cycle. Longstanding supporters of BigID, Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures put forth additional funding. Series A funding in January 2018 yielded $14 million… Continue Reading

Plexi-Craft: A New York Business in Demand

Plexi-Craft used to be a simple, swanky, high-end, Bronx-based furniture factory. Now it is one of the country’s most sought after businesses. The 60-year-old company has a long history of acrylic resin skills, designing trendy, clear plastic chairs, tables, cabinets, and more. And as the world scrambles to resume some sense of normalcy alongside the… Continue Reading

Supporting Local Businesses This Holiday Season

There is nothing typical about the 2020 holiday season. Celebrations have been curtailed, guest lists have been tightened, and shopping options have been limited. New Yorkers, however, ever resilient and resourceful, are finding ways to keep the holiday spirit alive and support local entrepreneurs and businesses in the process. Primarily organized on social media, these… Continue Reading

FinTru Opens Offices in New York

The UK-based financial services firm FinTrU opened its first North American offices in New York City. The FInTru offices are set up on Avenue of the Americas in Manhattan and represent an international growth for the award-winning fintech company. “Many of our tier one investment bank clients are based in New York so it was… Continue Reading

BIDs to the Rescue

New York City’s BIDs (Business Improvement Districts) and neighborhood organizations are a pivotal lifeline for local shops and stores. The BIDs take on the lion’s share of street cleaning, marketing campaigns, and publicity. The tragic economic effects of the coronavirus pandemic have only heightened the need for BIDs. They are helping businesses stay open, advocating… Continue Reading

From Yemen to New York: Historic Coffee Finds a Home

From Yemen to New York: Historic Coffee Finds a Home

Quhwah House is one of Brooklyn’s newest coffee shops. But the traditions and beans which make it special are already eight generations old. Ibrahim Alhasbani, the owner, is from Yemen. He comes from a longline of coffee farmers and is proud to keep the family business alive. Alhasbani decorated the store’s walls with images conveying… Continue Reading