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Business & Lifestyle

Former Uber CEO Kalanick replies to venture capital firm’s lawsuit

SAN FRANCISCO (UPI) -- Uber co-founder and former CEO Travis Kalanick filed a reply in court to a fraud lawsuit brought by an investor. Legal documents submitted Thursday by Kalanick in Delaware Chancery Court said a lawsuit by Benchmark Capital was initiated "as part of its public and personal attack" on him. Benchmark was an early Uber investor. It sued Kalanick earlier in August, accusing him of fraud, breach of contract and breach of fiduciary duty in his attempt to remain CEO of the […]

todayAugust 18, 2017 16

Business & Lifestyle

Texas town opens $72 million high school football stadium, most expensive in country

KATY, Texas (UPI) -- A small town in southeast Texas unveiled its brand-new $70 million high school football stadium, the most expensive such venue in the country -- for now. Legacy Stadium in Katy, which has a population of about 14,000 people, will be able to seat 12,000 spectators. More than just a football field for one town, it'll serve as the playing grounds for all varsity football games in the Katy Independent School District, which encompasses several towns outside Houston and has […]

todayAugust 17, 2017 6

Business & Lifestyle

Mylan finalizes $465 million settlement over EpiPen billing lawsuit

WASHINGTON (UPI) -- Mylan, the drug company that manufactures the anti-allergy injector EpiPen, finalized a $465 million settlement with the federal government stemming from allegations it over-billed Medicaid for the drug. The Justice Department alleged Mylan violated the False Claims Act by knowingly listing the EpiPen as a generic drug, which is subject to lower rebates under federal law, despite the fact there is no equivalent competitor to lower the price. In order to prevent states from suffering price gouging by […]

todayAugust 17, 2017 9

Business & Lifestyle

No Powerball winner Wednesday, next jackpot worth $510 million

TALLAHASSEE, Fla./RAYMOND, Ill. (Heartland Newsfeed/UPI) -- No one became $432 million richer overnight. Lottery officials said no tickets in the United States hit all five Powerball numbers in Wednesday night's draw. That means Saturday's drawing will offer more than a half-billion dollars -- $510 million -- or a cash option of $324 million. Although Wednesday's results - 9, 15, 43, 60 and 64, with 4 for the Powerball number -- yielded no grand prize winner, tickets hitting five of the six matching […]

todayAugust 17, 2017 15

Business & Lifestyle

China overtakes Japan as largest U.S. creditor with $1.1 trillion owed

BEIJING/WASHINGTON (UPI) -- China has once again become the United States' largest creditor, Treasury Department figures released Wednesday indicate. China sold off some of its U.S. Treasury bonds last year to prop up its own currency, the yuan, but its holdings of U.S. government debt have increased this year to $1.15 trillion, an increase of $44 billion since June. The policy means the United States currently owes China more money than any other country. Japan held that position for the past eight months but […]

todayAugust 16, 2017 4

Business & Lifestyle

Raymond board discusses drainage and sidewalk issues, ordinances in August 7 meeting

RAYMOND (Heartland Newsfeed) -- In the meeting of the Raymond Village Board on Monday, August 7, there was further developments on the village's "no solicitation" ordinance, some road work will soon take place and received a report from Shoal Creek Golf Course. Upon approval of the meeting minutes from the July 18 financial meeting, village mayor Dennis Held noted that the village received their "No Soliciting" signs and they have been installed around town and village clerk Susan Greenwalt handed […]

todayAugust 15, 2017 8

Business & Lifestyle

Lockheed Martin receives $24.1 million F-35 systems contract

WASHINGTON (UPI) -- Lockheed Martin has received a $24.1 million modification to an existing contract for F-35 Lightning II logistics services for U.S. and foreign military sales customers, the Department of Defense announced on Friday. The contract will apply toward the standing up of depots and systems for the aircraft's canopy and avionics. It will supply the U.S. Air Force, Navy, Marine Corps, non-Pentagon participants and foreign military sales participants. Work will be performed in Fort Worth, Texas, and is projected to be finished in August […]

todayAugust 14, 2017 4

Business & Lifestyle

Kansas City Chiefs promote rookie Patrick Mahomes II to second-string QB behind Alex Smith

KANSAS CITY (UPI) -- Kansas City Chiefs quarterback Patrick Mahomes II, the tenth overall pick in this year's draft, has been moved to the No. 2 spot behind starter Alex Smith. Coach Andy Reid said the move was earned by Mahomes, who completed seven of nine passes for 49 yards and a touchdown in his preseason debut Friday night against the San Francisco 49ers. Tyler Bray was dropped to the No. 3 quarterback. "It's not because of Tyler's performance in the game," Reid told reporters Sunday of Bray, […]

todayAugust 13, 2017 3

Business & Lifestyle

Giancarlo Stanton hits 42nd home run as Miami Marlins defeat Colorado Rockies

MIAMI (UPI/The Sports Xchange) -- It was a lost weekend for the seemingly playoff-bound Colorado Rockies, and Miami Marlins slugger Giancarlo Stanton was a big reason why. Giancarlo Stanton hit his 42nd homer of the season, tying a franchise record set by Gary Sheffield in 1996 and leading Miami to a 5-3 victory over Colorado on Sunday afternoon at Marlins Park. "I really enjoyed watching (Sheffield) play as a kid - it's good company to be in," Stanton said. "It's not something I will fully appreciate until […]

todayAugust 13, 2017 11

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