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Business & Lifestyle

Online music service SoundCloud saved by $170 million investment

BERLIN (UPI) -- Digital music service SoundCloud will continue to operate following a new investment round. SoundCloud founder Alexander Ljung confirmed the music-sharing platform is "isn't going away" after being boosted by a $169.5 million investment from The Raine Group and Temasek. The Germany-based service had fallen on financial difficulties in recent times. Soundcloud disclosed steps it would take to cut its overhead costs last month, which included 173 layoffs. "I'm happy to announce that together with investors The Raine Group and Temasek we've just […]

todayAugust 12, 2017 4

Business & Lifestyle

Lawsuit says Nintendo Switch controller violates patent

TOKYO/SIMI VALLEY Calif. (UPI) -- Video game giant Nintendo faces an infringement lawsuit that says the controllers for its new Switch console infringe on a proprietary design owned by another company. Gamevice, a California-based manufacturer of a detachable console used to turn tablet computers into portable gaming devices, said Nintendo's controllers violate a patent it holds. In a complaint Wednesday, Gamevice seeks damages and demands that Nintendo stop making and selling the Switch consoles. Nintendo has sold 4.7 million Switch units since March, […]

todayAugust 11, 2017 45

Business & Lifestyle

Nintendo is getting sued over the design of its detachable Switch console controllers

KYOTO/SIMI VALLEY, Calif. (CNBC) -- Video game developer Nintendo is being sued by a U.S. mobile gaming accessory company that claims the controllers for the Nintendo Switch console infringes on a patent it owns. Gamevice, which makes video game controllers to attach to tablets and smartphones, is demanding that Nintendo stops making and selling the Switch and wants to be awarded damages. "Nintendo's infringement has caused, and is continuing to cause, damage and irreparable injury to Gamevice," the company said in its […]

todayAugust 11, 2017 3

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

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 22

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