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Another airline plans to move to JFK's new Terminal 6
Aer Lingus said it will move its location at John F. Kennedy International Airport from Terminal 7 to the new Terminal 6 currently under construction, with plans to open a signature lounge at the new terminal.<\p> The Irish airline said it will begin operations at the new terminal the day it opens in early 2026, with a new check-in space and self-service bag-drop options.<\p>
The AI boom is coming for these at-risk manager roles
For years, front-line workers have worried about automation taking their jobs. It may end up being middle managers who are most in danger.<\p> Companies are gaining access to new artificial-intelligence tools and capabilities at the same time many are re-assessing their operations in a challenging post-pandemic economic environment. That combination of potential new efficiencies and a desire for cost savings is putting management-level employees in the crosshairs.<\p>
Danish menswear brand to open its first US store in New York City
Danish menswear brand NN.07 will open its first U.S. store in New York City in early August.<\p> The 2,000-square-foot space, located at 276 Lafayette St. in SoHo, includes 1,000 square feet of selling space and 1,000 square feet of storage space.<\p>
Swedish lifestyle brand to open its first US store in New York City
Swedish lifestyle brand Axel Arigato will open its first U.S. store in New York City sometime during the late summer.<\p> The approximately 1,900-square-foot space, located at 273 Lafayette St. in SoHo, includes a 1,200-square-foot sales area along with around 700 square feet of cellar space.<\p>
5 biggest Red Lobster creditors — and what they’re owed
A list of 100 creditors to which Red Lobster Management LLC owes the most on May 24 was published in a filing that’s part of the seafood chain’s fast-moving bankruptcy case. Keep in mind Red Lobster owes 100,000 creditors between $1 billion and $10 billion, so there’s a lot more where these names came from.<\p> Here are the top five:<\p>
Real estate commissions shakeup will require more agent scrutiny
The National Association of Realtors and several brokerages have struck big money deals to settle an array of class-action lawsuits around real estate commissions.<\p> It might become harder for homebuyers to figure out how to pick the right agent to work with in the wake of the settlements. That's because the settlements, which now add up to hundreds of millions of dollars, will also bring with them changes in how buying agents are paid, how homes are listed and may require more buyers to pay for an agent directly when buying a home. And if buyers potentially shell out thousands of dollars or more, they will have to do their own due diligence.<\p>
What employers need to know about the crushing childcare costs
In the coming weeks, schools around the nation will be out, and many employees will find themselves scrambling for child-care options. <\p> But child-care costs are soaring, thanks to the child-care cliff, a lack of new child-care centers and workforce shortages in the industry, among other factors. <\p>
Leather goods company seeks 7-story building redevelopment in Brooklyn
An industrial company in Brooklyn's Bushwick neighborhood is seeking a zoning amendment to redevelop its 97-year-old building.<\p> Aron's Manufacturing Corp., a leather goods distributor, asked the New York City Planning Commission to facilitate the redevelopment of its 19,000-square-foot building at 460 Troutman St. The company said in a filing that it "requires additional space to remain, as well as expand operations."<\p>
Advertising agency to move NYC office to Midtown South
Terri & Sandy, an advertising agency, has signed a three-year lease to move its New York City office to Midtown South.<\p> Previously, the advertising agency spent three years at 40 Fulton St, in Manhattan’s Financial District.<\p>
Justice Department sues to break up Live Nation and Ticketmaster
The U.S. Justice Department on Thursday sued Live Nation Entertainment Inc. and its wholly owned subsidiary Ticketmaster LLC “for monopolization and other unlawful conduct that thwarts competition in markets across the live entertainment industry.”<\p> The Justice Department claims in its suit that it wants to restore competition in the live concert ticket industry and lower ticket prices for concert-goers.<\p>
Health-care data provider secures $33M
Health-care data provider Atropos Health has secured $33 million in a Series B funding round as the company moves into oncology and other specialty care areas.<\p> The funding, announced by the company Thursday, was led by Valtruis. Existing investors Breyer Capital, Emerson Collective and Presidio Ventures contributed, along with new investors Cencora Ventures, McKesson Ventures and Merck GHI Fund.<\p>
A Covid-era option for bankruptcy filings is about to expire
Small businesses will be left without a useful Covid-era bankruptcy tool when it expires in the coming weeks — a development occurring just as bankruptcies are on the rise.<\p> The program, called Subchapter V, was created to enable businesses with less than $2.75 million in debt to go through the Chapter 11 bankruptcy reorganization process in a streamlined way. In March 2020, as the pandemic took hold across the country and worldwide, Congress raised that benchmark to $7.5 million, allowing many more businesses to use the Subchapter V option. <\p>
Midtown Manhattan office building signs 2 leases
Two companies have signed leases at 600 Lexington Ave. in Midtown Manhattan's Plaza District.<\p> Global asset management firm Professional Capital Management signed a new lease for 8,300 square feet at the 36-story office building owned by Lex NY Equities.<\p>
The 'lock-in' effect is hitting homebuyers. It may get worse.
Americans expect high mortgage rates to rise even more in the coming years, a perspective that could further dampen the housing market.<\p> The Federal Reserve Bank of New York’s SCE Housing Survey found Americans expect mortgage rates to climb from just under the 7% they are now to 8.7% a year from now and 9.7% in three years — the highest recorded since the agency started asking Americans that question in 2014.<\p>
Flushing’s first cannabis dispensary opens
The first cannabis dispensary in Queens’ Flushing neighborhood has opened.<\p> House of Strains is in a 2,000-square-foot space located at 16105 29th Ave. The shop features a waiting area with TVs playing music, as well as a table with branded stickers and free smoking devices for customers.<\p>
Court ruling allows residential tower to proceed in Lower Manhattan
A New York City residential high-rise is moving forward after a lawsuit challenging the project was dismissed.<\p> Construction at 250 Water St. in Lower Manhattan's Seaport neighborhood will proceed after the New York State Court of Appeals ruled in favor of real estate developer Howard Hughes Holdings Inc. (NYSE: HHH), upholding the ruling of a lower court.<\p>
Apartment market cools with record amount of new supply wrapping up
The national rental-housing market has continued to cool, with differing outcomes based on geography and unit type.<\p> Several markets in the South posted significant year-over-year declines in apartment rental rates as of April, according to a new Realtor.com analysis. Those declines were led by Nashville, Tennessee, and Austin, Texas, the latter of which has seen an 8.3% annual drop in asking rents and an 11.5% drop since peaking September 2022. <\p>
Workers with learning disabilities face stigmas in the workplace
There remains a big stigma facing workers seeking workplace accommodations for certain disabilities — and those employees worry asking for help will hurt their careers. <\p> A new survey by The Harris Poll on behalf of nonprofit Understood.org, which works with people who have learning and thinking differences such as Attention Deficit Hyperactivity Disorder (ADHD) and dyslexia, found while 69% of workers know their employers must provide reasonable accommodations for disabilities, about 60% said there is still a stigma around asking their employer for support.<\p>
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