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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 22

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 16

Business & Lifestyle

Disney to pull content from Netflix, start streaming service in 2019

BURBANK, Calif. (UPI) -- Disney on Tuesday announced it will remove its content from Netflix and begin its own streaming service in 2019. "The new Disney-branded service will become the exclusive home in the U.S. for subscription-video-on-demand viewing of the newest live action and animated movies from Disney and Pixar, which includes Toy Story 4, the sequel to Frozen, and The Lion King from Disney live-action, along with other highly anticipated movies," Disney said in a press release. Disney's Marvel TV shows like Luke Cage and Jessica Jones are expected to […]

todayAugust 8, 2017 3

Business & Lifestyle

McDonald’s plans 2,000 new restaurants in China by 2022

OAK BROOK, Ill. (UPI) -- McDonald's announced plans Tuesday to increase the number of restaurants in China from 2,500 to 4,500 within five years. The company also announced completion of a partnership deal with Citic and Carlyle to sell a controlling interest in the fast-food company's China and Hong Kong operations for 20 years. That makes it the largest franchise outside the United States. In January, McDonald's announced plans to sell 80 percent of its holdings in mainland China and Hong Kong for […]

todayAugust 8, 2017 15

Business & Lifestyle

Illinois Department of Natural Resources announces waterfowl hunting season dates

SPRINGFIELD (Heartland Newsfeed) -- The Illinois Department of Natural Resources (IDNR) announced Monday waterfowl season dates and bag limits for the upcoming hunting season. These seasons include a 60-day duck season, as well as a 87 to 107 day season for Canadian geese in all four of the state's hunting zones. In the northern and central zones, there will be 107 days of Canadian goose hunting, which involves 15 hunting days in September, a two-day youth hunt and the regular […]

todayAugust 8, 2017 24

Business & Lifestyle

South Africa President Jacob Zuma survives no-confidence vote

CAPE TOWN, South Africa (UPI) -- South African President Jacob Zuma survived a secret no-confidence vote Tuesday by Parliament over allegations of corruption. After hours of debate, lawmakers put the two-term leader's fate to a vote -- 177 voted against Zuma, and 198 voted in his favor. Nine abstained from voting. Had he lost, he and his entire cabinet would have had to resign. Protesters, both for and against the embattled president, caused traffic jams across Johannesburg, authorities said. Zuma's […]

todayAugust 8, 2017 2

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