Content about Economy of New York City

June 23, 2014

Green Dot Corporation has hired Thien Truong as SVP of business development and sales. Truong comes to Green Dot from American Express, where he most recently served as VP of retail and mall channels for the U.S. Payment Options group.

Green Dot Corporation has hired Thien Truong as SVP of business development and sales. Truong comes to Green Dot from American Express, where he most recently served as VP of retail and mall channels for the U.S. Payment Options group.

While at American Express, Truong led the expansion of the brand's prepaid solutions, including the nationwide launch of its prepaid card, Serve.

May 9, 2014

Citi is now offering its checking account customers the ability to use reward points to pay their bills. Citi ThankYou Rewards members can earn ThankYou points across their Citi banking and credit card relationship and use these points to pay virtually any bill online including phone, cable and electricity.

Citi is now offering its checking account customers the ability to use reward points to pay their bills. Citi ThankYou Rewards members can earn ThankYou points across their Citi banking and credit card relationship and use these points to pay virtually any bill online including phone, cable and electricity.

April 21, 2014

American Express added Walmart’s U.S. network of 4,100 stores as locations where customers can participate in the card issuers prepaid Serve offering.

American Express added Walmart’s U.S. network of 4,100 stores as locations where customers can participate in the card issuers prepaid Serve offering.

March 20, 2014

Hearthside Food Solutions sold its 20 manufacturing plants and 150 brands to Wall Street investment bank Goldman Sachs and the private equity firm Vestar Capital Partners.

Hearthside Food Solutions sold its 20 manufacturing plants and 150 brands to Wall Street investment bank Goldman Sachs and the private equity firm Vestar Capital Partners.

December 16, 2013

More Americans now say they are loosening the purse strings in advance of the holiday season, and fewer say they are tightening their belts, according to a recent Citi national survey.

More Americans now say they are loosening the purse strings in advance of the holiday season, and fewer say they are tightening their belts, according to a recent Citi national survey.

Only 35% said they would be spending less than last year, reflecting the lowest level of holiday budget cutbacks since the financial crisis. As many as 63% of Americans plan to spend more (11%) or the same (52%) on holiday shopping this year.

November 14, 2013

Dollar General has announced that Raj Agrawal and Adrian Jones have resigned their spots in the company’s board of directors, effective Dec. 5. Agrawal, a member of KKR & Co., and Jones, a managing director at Goldman, Sachs & Co., have served as directors of Dollar General since 2007.

Dollar General has announced that Raj Agrawal and Adrian Jones have resigned their spots in the company’s board of directors, effective Dec. 5. Agrawal, a member of KKR & Co., and Jones, a managing director at Goldman, Sachs & Co., have served as directors of Dollar General since 2007.

October 17, 2013

RadioShack has extended its long-term agreement with Citi Retail Services. Under the agreement, Citi will continue to provide service-enhancing solutions and analytics in support of RadioShack’s targets for growth.

RadioShack has extended its long-term agreement with Citi Retail Services. Under the agreement, Citi will continue to provide service-enhancing solutions and analytics in support of RadioShack’s targets for growth.

May 8, 2013

Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp, has promoted Simon Haslam to the position of president and CEO. Haslam succeeds Mike Passilla, who recently departed the company.

ATLANTA — Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp, has promoted Simon Haslam to the position of president and CEO. Haslam succeeds Mike Passilla, who recently departed the company.

Haslam joined Elavon in 2005 and was president of Elavon International Markets. He is credited with leading Elavon’s successful expansion throughout Europe, South America and Latin America, including the company’s recently completed joint venture with Banco Santander.

February 19, 2013

Capital One Financial Corp.has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi.

MCLEAN, Va. — Capital One Financial Corp.has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi. In addition, Capital One and Best Buy have agreed to end their contractual credit card relationship early.

January 4, 2013

The NRF Foundation and American Express announced the winners of their fifth annual Aspire2Retail Intercollegiate Challenge. Each student will receive an educational scholarship worth $2,500.

WASHINGTON — The NRF Foundation and American Express announced the winners of their fifth annual Aspire2Retail Intercollegiate Challenge. Each student will receive an educational scholarship worth $2,500.

The contest is designed to increase understanding of diverse career paths in retail by engaging university students in a competitive, collaborative roleplay that involves implementing a multi-tiered business strategy.

November 14, 2012

A new relationship with Citi Retail Services gives OfficeMax another benefit to tout when serving small business customers.

A new relationship with Citi Retail Services gives OfficeMax another benefit to tout when serving small business customers.

The retailer worked with Citi to launch the new store-branded credit card tied to the OfficeMax MaxPerk Rewards program which allows customers to receive a $25 reward for every $500 spent on qualified purchases. In addition, the no-annual fee product provides special financing offers, flexible payment options a dedicated line of credit for business expenses and detailed tracking of purchases.

October 2, 2012

Research released Monday by Citigroup and published by Wall Street Journal’s MarketWatch found that digital sales for the holiday 2012 shopping season are expected to increase at least 20%, thanks to two additional shopping days and amped-up retail marketing efforts.

NEW YORK — Research released Monday by Citigroup and published by Wall Street Journal’s MarketWatch found that digital sales for the holiday 2012 shopping season are expected to increase at least 20%, thanks to two additional shopping days and amped-up retail marketing efforts.

September 7, 2012

Walmart U.S. president and CEO Bill Simon was feeling pretty good earlier this week as he reeled off accomplishments and emerging opportunities during a presentation at a Goldman Sachs retail conference.

Walmart U.S. president and CEO Bill Simon was feeling pretty good earlier this week as he reeled off accomplishments and emerging opportunities during a presentation at a Goldman Sachs retail conference.

Simon appeared at the same conference two years earlier when Walmart was in a very different place in terms of its financial performance and its share price. His presentation this year was markedly different given all that has occurred under his leadership.

August 30, 2012

Everyone who is anyone will be on hand in New York next week for the nineteenth annual Goldman Sachs Global Retailing Conference so its not surprising that Walmart U.S. president and CEO Bill Simon will be in attendance.

Everyone who is anyone will be on hand in New York next week for the nineteenth annual Goldman Sachs Global Retailing Conference so its not surprising that Walmart U.S. president and CEO Bill Simon will be in attendance.