Alphabet’s Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users’ locations, the Michigan Attorney General’s Office said Monday. The investigation and settlement, which…
Category: Business
Amazon to slash 10,000 jobs starting this week: report
Amazon is planning to lay off some 10,000 employees in its corporate and technology sectors beginning this week, according to a report. The culling would be the largest number of job cuts…
Jeff Bezos plans to give away his wealth to charity
Jeff Bezos — long criticized for being stingy with his $124 billion fortune — said in an interview he plans to give most of it away to charity during his lifetime. The…
Central Park Boathouse’s future remains murky after city put kibosh on $6M offer
Don’t hold your breath over the Central Park Boathouse reopening any time soon. A source said that since the Parks Department turned down a $6 million offer by billionaire investor Andrew Murstein…
Meta job cuts put chill on Mark Zuckerberg’s office footprint in NYC
Mark Zuckerberg’s announcement that he’s cutting 11,000 jobs from Meta, or 13% of the tech giant’s workforce, sent shivers through Manhattan’s commercial corridors. The company previously called Facebook was on a real estate…
Toys getting smaller and cheaper as inflation slams shoppers
Retailers are poised to push smaller and less expensive toys this holiday season — a bid to tempt skittish shoppers as inflation hikes prices for everything from gas to groceries. MGA Entertainment,…
Luxury apartments for seniors open their doors at Hudson Yards
There’s always something new in the Hudson Yards district. Related Companies and Atria Senior Living just opened Coterie Hudson Yards, “a new category of luxury senior living,” at 505 W. 35th St….
Times Square casino faces long odds as powerful Broadway group rips plan
The Shubert Organization strongly reaffirmed Broadway theater owners’ opposition to SL Green’s and Caesars Entertainment’s controversial proposal to bring a casino to Times Square. Although the Broadway League, which represents theater owners and producers,…
His business skills put to the test
Not all great business visionaries make great business leaders. Steve Jobs was certainly a great visionary, but his business skills were so lacking, he was booted from the company he created. He…
FTX’s Sam Bankman-Fried in Bahamas after collapse
The Democratic darling whose FTX crypto currency exchange collapsed this week amid reports of up to $2 billion in missing customer funds, was spotted Saturday in the Bahamas. FTX underwent a $16…