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Business News

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Business & Lifestyle

Venezuela leader Maduro wants to meet Trump in NYC

CARACAS/WASHINGTON (UPI) -- Amid his country's ongoing economic and political crises, Venezuelan President Nicolas Maduro -- a frequent critic of the United States -- has called for a face-to-face meeting with President Donald Trump. Maduro on Thursday addressed the 545-member Constituent Assembly, which was formed recently to make changes to Venezuela's constitution despite accusations the body will tighten Maduro's grip on power. In his remarks, the Venezuelan leader asked for a "personal conversation" with Trump when they gather in New York City next month at the […]

todayAugust 11, 2017 4

Business & Lifestyle

Manafort changes legal team as investigations expand

WASHINGTON (UPI) -- Paul Manafort, former adviser to President Donald Trump's presidential campaign, is changing lawyers as his financial transactions get more government scrutiny, sources close to the matter said. Manafort spokesman Jason Maloni announced in a statement Thursday that "Mr. Manafort is in the process of retaining his former counsel, Miller & Chevalier, to represent him in the office of special counsel investigation." The Washington law firm WilmerHale has represented Manafort to this point. Kevin Downing, a former official in the Department of […]

todayAugust 11, 2017 14

Business & Lifestyle

Disney sued for collecting private information from children via game apps

BURBANK, Calif. (UPI) -- A class action lawsuit has been filed against Disney and three software companies for allegedly collecting personal information about children playing games on Disney apps. The suit says software companies Upsight, Unity and Kochava gathered information about children under the age of 13 via the internet, which could be a violation of federal law under the Children's Online Privacy Protection Act. According to the lawsuit, 42 apps violate COPPA, including Disney Princess Palace Pets. "Most consumers, including parents, do not know that […]

todayAugust 10, 2017 4

Business & Lifestyle

Lockheed Martin receives $22.2 million Trident II contract

WASHINGTON (UPI) -- Lockheed Martin Space Systems has received a $22.2 million contract for material, labor and support services for the U.S. Navy's Trident II D5 submarine-launched ballistic missile production. The work will primarily be performed in Sunnyvale, Calf. It is expected to finish by Sep. 30, 2022. The Trident II D5 is the submarine-launched ballistic missile used by both the U.S. and Great Britain. It has intercontinental range and can carry several nuclear warheads using multiple independent reentry vehicles designed to shower a wide […]

todayAugust 10, 2017 4

Business & Lifestyle

Uber investor sues former CEO Kalanick for fraud

SAN FRANCISCO (UPI) -- One of the investors behind the ousting of Travis Kalanick from Uber earlier this summer sued the former CEO on allegations of fraud Thursday. Benchmark Capital Partners, one of the largest shareholders in the ride-hailing service, filed the lawsuit in Delaware Chancery Court. It accused Kalanick of breaching his fiduciary duty and contractural obligations by loading up Uber's board with friends. Though Kalanick resigned as CEO in June, he remains on the company's board. The lawsuit says Kalanick stacked the […]

todayAugust 10, 2017 3

Business & Lifestyle

Up to 160 Applebee’s, IHOP restaurants to close

GLENDALE, Calif. (UPI) -- The parent company of Applebee's and IHOP announced Thursday it intends to close up to 160 locations of the restaurants amid slumping sales. DineEquity said it will close 105 to 135 Applebee's restaurants, up from the 40 to 60 it initially planned to shutter. Another 20 to 25 IHOP restaurants will close, up from 18. "We'll be aggressive with restaurant closures this year," Applebee's brand president, John Cywinski told investors Thursday. "These restaurants need to close and perhaps should […]

todayAugust 10, 2017

Automotive News

Uber VP of operations stepping down, will stay on board

SAN FRANCISCO (UPI) -- Ryan Graves, a longtime Uber executive and the first employee hired by the company, announced Thursday he's leaving his position in September. Despite his departure as senior vice president of operations, Graves said he plans to stay on the board of the ride-hailing company. "In some ways my focus going forward will not actually change very much," Graves said in an email to employees. "It remains all about people, and it's clear to me the stability of our board of directors, […]

todayAugust 10, 2017 21

Business & Lifestyle

Mike Fortner says ‘cycle ends,’ won’t seek re-election

WEST CHICAGO (Heartland Newsfeed) -- Illinois State Representative Mike Fortner (R-West Chicago) will end his 12-year career in the House at the conclusion of his current term in January 2019, according to his website. “Life is lived in cycles," Fortner posted. "There are cycles due to changes in our personal lives and those of our families. Elected officials are not immune to these cycles. It has been my honor to serve the public at both the state and local level, […]

todayAugust 10, 2017 4

Business & Lifestyle

Ryburn Place grand opening slated for Saturday

NORMAL (Heartland Newsfeed) -- The grand opening of Ryburn Place, the gift shop and information center at the historic Sprague's Super Service station in Normal, Illinois, will be from 6-9pm Aug. 12th. Terri Ryburn, who undertook the restoration of the unique gas station for over a decade before the city finished the job, sold the historic building to the City of Normal about a year ago, and the city has been completing the project. The historic site is located at […]

todayAugust 8, 2017 11

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