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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

Trump criticizes removal of Confederate monuments

WASHINGTON (UPI) -- President Donald Trump on Thursday criticized the removal of Confederate monuments in the United States, saying that "beauty" is "being taken out of our cities." Trump made the comments in a series of posts on Twitter. "Sad to see the history and culture of our great country being ripped apart with the removal of our beautiful statues and monuments," he wrote. "You can't change history, but you can learn from it. Robert E Lee, Stonewall Jackson - who's next, Washington, Jefferson? So foolish!" […]

todayAugust 17, 2017 2

Business & Lifestyle

Phoenix mayor asks Trump to cancel rally next week

PHOENIX/WASHINGTON (UPI) -- Phoenix Mayor Greg Stanton has publicly asked President Donald Trump to postpone a campaign-style rally scheduled for Tuesday. In a statement Wednesday, Stanton, a Democrat, asked Trump to delay his visit to Phoenix because "our nation is still healing from the tragic events at Charlottesville." A senior Trump campaign adviser told ABC News on Wednesday, "Barring any unforeseen events between now and then, there is no chance we will delay the rally." Some other scheduled events across the country have been canceled […]

todayAugust 17, 2017 4

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

Trump again blames ‘many sides’ in Charlottesville violence

WASHINGTON (UPI) -- President Donald Trump on Tuesday defended his initial response that "many sides" were involved in the violent confrontation between white supremacists and counter-protesters in Charlottesville, Va. "You had a group on one side that was mad, and you had a group on the other side that was also very violent," Trump told reporters at Trump Tower in New York. "Nobody wants to say that, but I'll say that. ... You had a group on the other side that came charging […]

todayAugust 15, 2017 7

Business & Lifestyle

Study reveals transgender troops ban could cost $960 million

SAN FRANCISCO/WASHINGTON (UPI) -- If the U.S. military implements President Donald Trump's directive to ban transgender people from serving, it would cost the U.S. government about $960 million, according to a report. The study released by the Palm Center estimates the cost to replace the transgender service members would be 114 times more than the $8.4 million to provide them care for gender transition. "President Trump said that he wants to fire honorably serving transgender troops in order to save […]

todayAugust 15, 2017 16

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