Tax break broken
Inadvertently omitted from the state budget is a major requirement for businesses participating in the Start-Up NY tax-break program. In the past, to be eligible for the break, businesses had to annually report how many jobs they created and how much money they in-vested in operations.
E-waste program to be recycled
article continues below advertisementThe city will roll out its electronic-waste collection program to Brooklyn, Queens and the Bronx by 2020. The program will cost $4 million a year. Since it was piloted on Staten Island in October, the city collected about 11,000 items of discarded electronics, divert-ing more than 400,000 pounds of waste from landfills.
Legal maneuvering
New York–based law firm Boies Schiller Flexner is merging with West Coast firm Caldwell Leslie & Proctor. They are the latest to join forces as firms move away from general-practice law. Caldwell Leslie & Proctor specializes in complex, high-stakes litigation.
Growing up in public
Fast-growing startup Yext, which helps companies manage their online listings, raised $115.5 million in an initial public offering April 13. The firm priced its shares at $11, above the expected $8 to $10. Yext is not profitable but grew revenue 40% to $124.3 million in the fiscal year ended Jan. 31.
Going into labor
Reporters at the recently merged news sites DNAinfo and Gothamist have unionized. It is the 11th New York-based digital news company to join the Writers Guild of America–East union. The move comes after DNAinfo laid off top staff members. It’s unclear if the sites’ owner, Joe Ricketts, will recognize the union.
Digestion process
Blue Apron has leased about 5,000 square feet at the base of a rental building at 53 Broadway for a test kitchen, where it will come up with meals for its home-delivery service.
Data point There were 43 fewer heart attacks and strokes per 100,000 people in New York counties where trans fat is banned. Hospitals saw a 6% drop in heart attacks and strokes.Johnathan Adler, a well-known Brooklyn-based chef, will lead the culinary team there.
Stand clear of the closing doors
The final performance of subway-themed musical In Transit was scheduled for April 16, after just four months. “The math just didn’t add up,” said lead producer Janet Rosen. The ticket gross for the week ended April 9 was $195,000, accounting for less than half of the show’s weekly cost.
In the spinout zone
Amid sexual harassment allegations, Fox News host Bill O’Reilly has taken time off. His vacation comes as sponsors have pulled ads from his show. O’Reilly is scheduled to return to the show April 24. The Murdoch family, which owns the network, is waiting for the results of an investigation into the claims before deciding O’Reilly’s fate.
Trailblazing jurist dies
Judge Sheila Abdus-Salaam, the first black woman appointed to the state’s highest court, may have died by suicide. Her body was found on a bank of the Hudson River a day after she was reported missing. Her death is being investigated.
Tax break broken
Inadvertently omitted from the state budget is a major requirement for businesses participating in the Start-Up NY tax-break program. In the past, to be eligible for the break, businesses had to annually report how many jobs they created and how much money they in-vested in operations.
E-waste program to be recycled
The city will roll out its electronic-waste collection program to Brooklyn, Queens and the Bronx by 2020. The program will cost $4 million a year. Since it was piloted on Staten Island in October, the city collected about 11,000 items of discarded electronics, divert-ing more than 400,000 pounds of waste from landfills.
Legal maneuvering
New York–based law firm Boies Schiller Flexner is merging with West Coast firm Caldwell Leslie & Proctor. They are the latest to join forces as firms move away from general-practice law. Caldwell Leslie & Proctor specializes in complex, high-stakes litigation.
Growing up in public
Fast-growing startup Yext, which helps companies manage their online listings, raised $115.5 million in an initial public offering April 13. The firm priced its shares at $11, above the expected $8 to $10. Yext is not profitable but grew revenue 40% to $124.3 million in the fiscal year ended Jan. 31.
Going into labor
Reporters at the recently merged news sites DNAinfo and Gothamist have unionized. It is the 11th New York-based digital news company to join the Writers Guild of America–East union. The move comes after DNAinfo laid off top staff members. It’s unclear if the sites’ owner, Joe Ricketts, will recognize the union.
Digestion process
Blue Apron has leased about 5,000 square feet at the base of a rental building at 53 Broadway for a test kitchen, where it will come up with meals for its home-delivery service.
Johnathan Adler, a well-known Brooklyn-based chef, will lead the culinary team there.
Stand clear of the closing doors
The final performance of subway-themed musical In Transit was scheduled for April 16, after just four months. “The math just didn’t add up,” said lead producer Janet Rosen. The ticket gross for the week ended April 9 was $195,000, accounting for less than half of the show’s weekly cost.
In the spinout zone
Amid sexual harassment allegations, Fox News host Bill O’Reilly has taken time off. His vacation comes as sponsors have pulled ads from his show. O’Reilly is scheduled to return to the show April 24. The Murdoch family, which owns the network, is waiting for the results of an investigation into the claims before deciding O’Reilly’s fate.
Trailblazing jurist dies
Judge Sheila Abdus-Salaam, the first black woman appointed to the state’s highest court, may have died by suicide. Her body was found on a bank of the Hudson River a day after she was reported missing. Her death is being investigated.
A version of this article appears in the April 17, 2017, print issue of Crain's New York Business.
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