Aaron Elstein

71 Posts

Revlon bankruptcy may mark the end of Perelman control

Ron Perelman has bought and sold dozens of companies over the years, but he’s never let go of Revlon, the firm that made...

Crypto lender freezes accounts, dealing blow to Bitcoin hub

One of the largest cryptocurrency lenders said late Sunday it has suspended withdrawals, the latest casualty in the fast-falling Bitcoin world. Celsius Network...

German bank to lay off 47 New York employees

Berenberg Capital Markets, the U.S. division of a German investment bank, is laying off 47 staff members in New York. It isn’t clear...

Tech wreck: After bubbly rise, New York's startup scene grapples with a painful shakeout

Seventh-day Adventist Church chaplain Eddy Alexandre promised members of his flock that they would get rich by giving him money to invest in...

Unshackled tech investors dash for exits as ‘lock-ups’ expire

Every retailer knows that if the merchandise isn’t moving, adding more to the shelves isn’t smart. Unfortunately, that’s what New York tech startups...

Make some noise: City Council prepares to rename LES corner Beastie Boys Square

New York is on its way to honoring the hip-hop trio who demanded funky bosses get off our backs and that we ...

Feds charge OpenSea employee with insider trading of NFTs

Federal prosecutors have charged a product manager at Flatiron-based OpenSea with insider trading, the first such case involving non-fungible tokens. Nathaniel Chastain, 31,...

Investors reject pay for Dime Community Bank's CEO

Dime Community Bancorp shareholders delivered a sharp rebuke to Chief Executive Kevin O’Connor by voting against his pay. At the bank’s annual meeting...

WisdomTree Investments yields to activist investor’s demands

WisdomTree Investments waved the white flag after a dissident investor clashed with founder and CEO Jonathan Steinberg, the husband of Fox News’ Maria...

Unable to find the key to profit, Latch lets go more than a quarter of workforce

Latch laid off 28% of staff, or 130 people, in a sign not enough doors were opened for the maker of phone-activated locks....

Dissident shareholder at NYC REIT secures key ally in boardroom war

A dissident shareholder won a crucial battle in its fight for boardroom representation at New York City REIT. Institutional Shareholder Services recommended late...

Peloton posts huge loss, warns it’s low on cash

Time may be running out for Peloton Interactive. The exercise-bike maker reported a massive quarterly loss and warned it is “thinly capitalized,” or...

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