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State tax breaks for the luggage designer to move less than a mile Away is a direct-to-consumer luggage company Sometimes companies are awarded financial incentives to relocate to New York from another state or overseas. But Monday a retailer was granted $4 million worth of state tax breaks for moving its headquarters from SoHo to … SoHo. The package was granted to Away, a two-year-old luggage designer co-founded by CEO Steph Korey, a former Warby Parker executive. The firm is headq...
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by on May 14, 2018
The Grand Concourse in the Bronx. For lifelong Bronx resident Leette Eaton-White, the first sign of her neighborhood's transformation came by way of her local supermarket. It was there on a shelf that the 31-year old college administrator noticed Method, an organic (and relatively pricey) line of cleaning products. "I had only seen them in Manhattan or Westchester previously," White, who lives in the Northern Bronx's Edenwald section, told CNBC recently in an email. "I instantly tho...
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by on May 11, 2018
Gun-rights group sues Cuomo, DFS over regulatory actions Suit follows Lockton Cos. fine over ’Carry Guard’ insurance The National Rifle Association sued New York state officials over what it described as a "blacklisting campaign" targeting companies that try to do business with the group. The organization filed a complaint Friday in Syracuse federal court accusing New York Governor Andrew Cuomo and the state Department of Financial Services of abuses of regulatory power aimed at sti...
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by on May 10, 2018
Novartis CEO Vasant Narasimhan sent an internal email to employees after the pharmaceutical giant revealed it paid the company of President Trump's lawyer, Michael Cohen, $1.2 million. "We made a mistake in entering into this engagement and, as a consequence, are being criticized by a world that expects more from us," Narasimhan wrote. In a Wednesday statement, Novartis said it entered a one-year agreement with Cohen for guidance on how the Trump administration would approach health-c...
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by on May 9, 2018
A new document alleges that a powerful Russian, and not President Trump, may have reimbursed attorney Michael Cohen for his payment to porn actress Stormy Daniels. An explosive document released Tuesday by an attorney suing President Trump and his personal lawyer could be the most important public evidence in the Russia imbroglio since Donald Trump Jr. released his emails last year. The "executive summary" of material compiled by investigators working for lawyer Michael Avenatti ties t...
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by on April 28, 2018
Protesters holding “Levi’s are made from coal” banner and posters illustrating Levi’s impact on the environment. Protestors convened in front of the Levi Strauss & Co.’s store in Times Square this week to raise awareness in a unique way. They took off their pants. The “Too Dirty to Wear” campaign claims that the fashion industry is complicit in exacerbating air pollution Activists with the international environmental organization Stand.earth removed their jeans as part of an ...
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by on April 28, 2018
The event this weekend aims to increase awareness about inequality in the industry and challenge Glaswegians to think about where their clothes come from. A man removes clothing bearing the 'Joe Fresh' label from the ruins of of the collapsed Rana Plaza factory in Bangladesh, days after the tragedy in April 2013 Have you ever wondered where your glad rags came from? We tend to like our coffee, chocolate & fruit fair trade – so why not our clothing too? This weekend an event in Glasgow ...
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by on March 16, 2018
Workers at the first CVS store on the East Coast to unionize are fed up with the multi-billion-dollar corporation’s failure to sign a fair contract after more than two years of dithering — and for many, the reason for the foot dragging is clear. Joe Fontano rallies with workers and supporters on Flatbush Avenue. CVS workers on the West Coast already enjoy a negotiated UFCW contract guaranteeing living wages, health benefits, paid time off and even a retirement plan. But when members ...
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by on March 15, 2018
Members of the Coalition of Immokalee Workers are fasting to pressure Wendy’s to join a breakthrough fair-food program that’s raised wages and made workplace harassment obsolete. Workers and supporters rally outside the offices of Wendy’s board chair Nelson Peltz in New York on the first day of the Freedom Fast, March 12, 2018.  What if you were running a major fast-food chain that had to get its tomatoes from somewhere, and you came across a program that had ended sexual harassment ...
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by on March 15, 2018
Project Destined teaches kids how to value and finance local apartment buildings, and then given the opportunity to share in real profits from those properties. How do you get inner-city kids off the streets? Give them a vested interest in those streets and a stake in the property around them. That is the philosophy behind a new program that teaches teens financial literacy through investments in real estate. Kids are taught how to value and finance local apartment buildings, and then ...
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by on March 9, 2018
BREAKING: Martin Shkreli has been sentenced to seven years in prison for defrauding investors, U.S. District Judge Kiyo Matsumoto roughly splitting the difference between what prosecutors and defense attorneys had asked for. The former hedge fund manager showed little reaction to the sentence. He will receive credit for the six months he has served while awaiting sentencing. Before hearing the verdict, Shkreli addressed the court and cried as he said he was sorry and had learned from his exper...
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by on March 5, 2018
Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors. Former drug company executive Martin Shkreli arrives at U.S. District Court for the third day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York, U.S., August 2, 2017. U.S. District Judge Kiyo Matsumoto in Brooklyn said th...
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