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Latest Top (8) News


Cult favorite grocer Zabar's adds Instacart delivery — but only Uptown for now
Zabar’s, the Upper West Side grocer, has reached a deal with delivery startup Instacart to allow some Manhattan residents to receive goods from the store on-demand. To start, only people who live in Manhattan north of 42nd Street and south of 135th Street will be able to order from Zabar’s for delivery, within a two-hour window, the New York Post reported. However, the store’s general manager, Scott Goldshine, hinted to the Post that the delivery boundaries might be extended further downtown…


Mon, 06 Jul 2015 15:29:53 +0000


Cohen posts $12M cash to take back control of Rockville properties
Affiliates of a Rockville-based developer have posted $12 million cash to retake all interest in four properties that were sold by the Montgomery County sheriff in late May to settle a court judgment. On June 17, Ronald Cohen Management Co. and Ronald Cohen Investments, the defendants in an ongoing rent dispute lawsuit, posted the cash as bond, regaining full control over the Shops at Congressional Village at 1701 Rockville Pike, 1570 East Jefferson St., 143 Rollins Ave. and 121 Congressional Lane. Cohen's…


Mon, 06 Jul 2015 15:27:14 +0000


Avid Technology to create 100 jobs in Boca Raton office
Avid Technology plans to open an administrative office in Boca Raton and create 100 jobs over three years. The Burlington, Mass.-based company (NYSE: AVID) develops software and hardware to create media content for feature films, music, television, live concerts and news broadcasts. It posted $530 million in revenue in 2014. Now the company has committed to a $2.6 million capital investment in a facility in Boca Raton. The location and size of the facility has yet to be disclosed. “Avid considered…


Mon, 06 Jul 2015 15:26:18 +0000


Service sector continues to expand, but job growth slows
The service sector continued to grow in June, but not by as much as expected. The Institute for Supply Management’s index for the non-manufacturing sector rose to 56 in June, up from May’s reading of 55.7 percent. Most economists expected a slightly higher number, but the overall NMI was dragged down by a 2.6 percentage point drop in the non-manufacturing sector’s employment index. Jobs are still growing in the service sector, but at a slower rate than in May. The pace of growth picked up,…


Mon, 06 Jul 2015 15:24:46 +0000


Meet the largest employers in Massachusetts (BBJ photo gallery)
Ask an economist to assess the latest Massachusetts jobs report, and you’re likely to get an emphatic thumbs-up. State employment numbers are up, unemployment numbers are down and the overall economy is humming along at a fairly nice clip. We credit a lot of that positive news to another strong showing from the state’s health care industry, which along with the high-tech and financial sectors, has continued to be one of the main drivers of the state’s economy. The health care/social assistance…


Mon, 06 Jul 2015 15:23:58 +0000


Ocean Bank doubles insider loans in Q1
Banks and other financial institutions routinely make “insider loans,” or loans to a project, individual or company associated with an employee or executive of the bank. Miami-based Ocean Bank is no different, but in the first quarter of 2015, the community institution more than doubled the amount of its insider loans to $24.1 million, up from $11 million the previous quarter. In that same time period, Ocean Bank saw the reverse in total loans, reporting more than a $27 million decrease in net…


Mon, 06 Jul 2015 15:23:01 +0000


Duke Energy Carolinas, customer advocate agree on small N.C. rate cut
Duke Energy Carolina and North Carolina’s customer advocate have agreed on changes to fuel charges and costs for energy efficiency that would reduce a typical residential customer’s bill by about 2.5 percent by Jan. 1. The average monthly bill for a household using 1,000 kilowatts of electricity each month go down $2.77 to around $102.20 from nearly $105 now, says Duke spokesman Jeff Brooks. There will be small reductions as well for commercial and industrial customers. The changes proposed…


Mon, 06 Jul 2015 15:21:28 +0000


Surinam Airways launches flight between Guyana, Orlando
Surinam Airways launched nonstop service July 2 between Cheddi Jagan International Airport in Georgetown, Guyana, and Orlando Sanford International Airport. The service initially will operate with weekly flights during July, August and September, arriving on Thursday afternoons at 3:30 p.m. in Sanford and departing from the Sanford airport on Friday afternoon at 1:30 p.m. Surinam Airways will use a 737-300 aircraft with 126 seats. It will operate once weekly for three months, after which an evaluation…


Mon, 06 Jul 2015 15:20:02 +0000

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