NYC Business News

"> ">

NYC Transit Orders 92 New Buses for Express Routes

New York City Transit has ordered 92 new commuter buses to replace aging vehicles operating on the city's express bus routes. Motor Coach Industries, a subsidiary of NFI Group, announced that NYC Transit awarded the company a contract for its MCI D45 CRT commuter coaches. The vehicles are designed for high-capacity commuter and express operations and are intended to support more comfortable and efficient service for riders. Funding for the purchase is being provided through state, local and Metropolitan Transportation Authority sources. The order has been added to NFI's third-quarter 2026 backlog. NYC Transit is part of the MTA, which operates the largest bus fleet in the United States.

"> ">

RPC Names Scott Schechter Partner in NY Expansion

International law firm RPC has appointed insurance coverage specialist Scott Schechter as a partner in New York as the firm expands its international insurance practice. Schechter will help develop a dedicated New York-based insurance team focused on complex claims involving U.S. exposures, including financial lines and cyber matters. The expansion is designed to connect RPC's New York capabilities with its existing insurance teams in the United Kingdom, Singapore and Hong Kong. RPC said the investment responds to growing client demand for cross-border advice involving high-value, multi-jurisdictional claims. Schechter's appointment follows several other insurance-focused hires by the firm and is part of a broader international growth strategy that includes the development of its New York office.

"> ">

ComicConnect Heads to NY Comic Con Oct. 8-11

ComicConnect and Metropolis Collectibles will bring rare comics, original comic book art and high-end collectibles to New York Comic Con, Oct. 8-11 at the Javits Center in Manhattan.

"> ">

Cooley Expands NY Securities Litigation With Nicholas Caselli

Cooley has added Nicholas Caselli as a partner in its securities litigation and enforcement practice and global litigation department in New York. Caselli represents clients in securities class actions, shareholder derivative cases and M&A-related disputes, including matters involving technology and life sciences companies. The firm said his recruitment is part of its effort to expand its securities litigation capabilities in New York, building on a practice historically prominent on the West Coast. Caselli joins Cooley from Freshfields, where he practiced in New York. His arrival follows several other additions to Cooley's New York litigation team as the firm's global litigation department continues to expand.

"> ">

Crowell & Moring Names NY’s Glen McGorty Next Chair

Crowell & Moring has elected New York managing partner Glen McGorty as the next chair of the firm's Management Board, with his three-year term beginning March 1, 2027. McGorty will become the first chair in the firm's history to be based outside Washington, D.C. He currently serves on Crowell's Management Board and Executive Committee and chairs its Litigation and Trial Department. McGorty joined the firm in 2012 following nearly 15 years as a federal prosecutor and has led the expansion of Crowell's New York office. According to the firm, attorney headcount in the New York office has increased by nearly 50% during the past six years.

"> ">

NYC Says 2026 World Cup Generated $2B Economic Impact

The 2026 FIFA World Cup generated an estimated $2 billion in economic impact for New York City, according to a preliminary analysis released by the city. The estimate includes $1.2 billion in direct visitor spending and $162 million in operational spending, while tournament-related activity supported an estimated 12,100 jobs. New York City accounted for 56% of the estimated $3.5 billion economic impact across the New York-New Jersey region and 70% of regional visitor spending. The city also reported a 16% year-over-year increase in foot traffic at sports bars during the tournament, while international Visa card spending increased in Manhattan, Brooklyn and Queens.

"> ">

NY Pension Funds Push Starbucks on Labor Oversight

New York City and state pension investors are seeking changes to Starbucks' board oversight of labor relations ahead of the company's 2027 annual shareholder meeting. New York State Comptroller Thomas DiNapoli, NYC Comptroller Mark Levine on behalf of four city pension funds, and a Trillium Asset Management fund filed a shareholder proposal asking Starbucks to restore its Environmental, Partner, and Community Impact Committee. The committee, established in 2023 and later dissolved, had responsibilities that included monitoring labor relations. The investors argue that dedicated independent oversight is needed as Starbucks continues to face unresolved collective bargaining and labor disputes. The filers collectively held 2.82 million Starbucks shares as of June 30, 2026.

"> ">

Bowery Presents Announces Major Leadership Change

The Bowery Presents is undergoing a major leadership transition as longtime co-presidents Jim Glancy and John Moore step aside from the New York-based concert promotion company. Four longtime executives—Josh Bhatti, Charley Magrew, Andrew Martin and Josh Moore—have been elevated to senior vice president and will collectively assume leadership responsibilities. Magrew will oversee marketing, ticketing, sponsorship and venue initiatives from New York, while Moore will lead talent operations from the city. Martin will oversee business and legal affairs from Nashville, and Bhatti will lead the company's New England operations. The Bowery Presents, which became part of AEG Presents in 2016, has played a major role in New York's live music industry and produces concerts at several prominent NYC venues.

"> ">

Brooklyn Nets Name Alibaba Official Technology Partner

The Brooklyn Nets are partnering with Alibaba Group in a multi-year agreement that will bring new technology to Barclays Center while placing the company's brand on the team's jerseys. Alibaba will serve as an official technology and cloud partner of the Nets and become the team's official jersey patch partner during its 60th anniversary season. Beginning with the 2026–27 NBA season, Alibaba technology will power a Real-Time 360° Replay system designed to give fans more immersive views of game action. The partnership will also introduce an in-arena Nets Figure Lab where fans can create personalized collectible cards. The Nets and Alibaba plan to test additional technology and marketing applications throughout the season.