Tag: Closes

Sarcos Technological innovation and Robotics Corporation Closes Acquisition of RE2, Inc.

Christina Lobo
Sarcos Technological innovation and Robotics Corporation Closes Acquisition of RE2, Inc.

SALT LAKE City & PITTSBURGH, Pa.–(Business enterprise WIRE)–Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW) today announced the thriving closing of the earlier announced acquisition of Pittsburgh-centered robotics firm RE2, Inc., a developer of autonomous and teleoperated cellular robotic systems for use in the aviation, design, protection, energy, and health care industries. The closing of this transaction provides alongside one another two primary commercial robotics groups focused on acquiring industrial robotic systems that strengthen worker basic safety and efficiency.

Total thought for the transaction was $100 million, consisting of $30 million in cash and

… Read More

What Happens to Subway Businesses When a Station Closes?

Christina Lobo
What Happens to Subway Businesses When a Station Closes?

Photo: Anna and Jordan Rathkopf

The Cutting Den, a cozy neighborhood hair salon, first opened in 1926 in a subway arcade beneath the Hotel St. George in Brooklyn Heights. But despite nearly a century in business, it is familiar mostly to the small set of people who regularly pass through the corridor on their way to the Clark Street subway station. In fact, you probably wouldn’t know any of the seven businesses there if you don’t frequent the 2/3 stop. And since the MTA closed the station on November 3, basically no one is going there at all — leaving

… Read More