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Business & Lifestyle

1875 Results / Page 192 of 209

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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 36

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 39

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 28

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 109

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 48

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 59

Business & Lifestyle

Montgomery County issues statement regarding August 21 solar eclipse

HILLSBORO (Heartland Newsfeed) -- Montgomery County Emergency Management Agency (MCEMA) director Greg Nimmo informs residents of Montgomery County to take safety precautions should they choose to view the solar eclipse on August 21, which is scheduled to be partially viewable, roughly 90%, in the area between 11:00 a.m. and 1:28 p.m. that day. Nimmo stated on Monday that the eclipse will be partially visible in every state. A total solar eclipse, which is when the moon completely covers the sun, […]

todayAugust 8, 2017 55

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 27

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 42

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