Jeff Bezos is cashing in on the coronavirus. The 56-year-old Amazon CEO on Wednesday sold $3.1 billion worth of stock in the e-commerce juggernaut, bringing his total stock sales for the year over $7 billion. The world’s richest man sold exactly 1 million shares of Amazon Wednesday — a week after the company shattered expectations […]
Conde Nast, which only finished moving into its HQ at One World Trade Center in 2014, is scouting midtown Manhattan for a potential new HQ. The parent company, Advance Publications, confirmed to the Post late Tuesday it is considering moving the publisher of Vogue, The New Yorker, Vanity Fair, GQ from the WTC site only […]
Apple has no interest in acquiring TikTok, the company said on Tuesday, denying a report by news website Axios from earlier in the day. Axios, citing sources outside Apple, earlier reported the iPhone maker has expressed interest in buying the ByteDance-owned firm. Microsoft is currently negotiating a deal to acquire the popular short-video app, with […]
The biggest lease of the year is done – and it’s momentous good news for a limping office-leasing market in a city beleaguered by the coronavirus. Facebook on Monday closed on a long-awaited deal for 730,000 square feet at Vornado’s Farley Building, the former post office site between Madison Square Garden and the Hudson Yards […]
The Federal Aviation Administration said Monday it is proposing requiring four key Boeing 737 MAX design changes to address safety issues seen in two crashes that killed 346 people and led to the plane’s grounding in March 2019. The agency is issuing a proposed airworthiness directive to require updated flight control software, revised display-processing software […]
The dairy industry has a familiar question for you: “Got milk?” Six years after the popular tagline was retired, “Got milk?” ads are back. A dairy industry-funded group is reviving the campaign, hoping to prolong the boost milk has gotten during the pandemic. US milk sales have been in freefall for decades as choices grew […]
Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60 percent due to the impact of the coronavirus pandemic, but said orders were “very strong,” sending the luxury carmaker’s shares up nearly 4 percent. Chief Executive Louis Camilleri told analysts that last quarter’s order book was up double digits (percentage) in absolute […]
Lord & Taylor, the oldest department store in the US, has become the latest retailer to file for bankruptcy protection. The nearly 200 year-old chain, which got its start in 1826 as a dry-goods store in Manhattan’s Lower East Side, said in a Sunday bankruptcy filing was pushed over the edge by the “unprecedented strain” […]
Microsoft said on Sunday they spoke with President Trump about acquiring trendy social app TikTok  — and Trump gave its parent company ByteDance 45 days to strike a deal. The time frame agreed to by the president, which was confirmed by two sources to Reuters, aligns with Microsoft’s stated intentions of wrapping up talks with […]
President Trump on Friday night said he intends to “ban” the  Chinese-owned video-sharing app TikTok from operating in the U.S. “As far as TikTok is concerned, we’re banning them from the United States,” Trump told reporters aboard Air Force One. The president said he planned to take action against the social media platform as soon […]