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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 23

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 138

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 19

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 29

Business & Lifestyle

Los Angeles suburb creates video urging residents to prepare for nuclear attack

VENTURA COUNTY, Calif. (UPI) -- The local government of Ventura County, located about 60 miles outside of Los Angeles, has released a video urging its residents to be prepared for a nuclear attack. The video begins with Dr. Robert Levin, the chief public health officer for Ventura County, urging residents to be aware of what they should do in the event of a nuclear attack by visiting a website for more information. The video segues to a frightened young girl pleading […]

todayAugust 11, 2017 31

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

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

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 34

Automotive News

Renault signs deal to make 300,000 cars per year in Iran

PARIS/TEHRAN (UPI) -- French automaker Renault announced a joint venture with Iranian authorities on Monday, despite U.S. efforts to isolate Iran economically. The $779 million deal between Renault, Iran's state-run Industrial Development and Renovation Organization and privately-held Parto Negin Naseh, calls for up to 300,000 cars per year to be built at a factory in Saveh beginning in about 18 months. Monday's agreement calls for 30 percent of Renaults manufactured in Iran to be exported. The first phase of the deal calls for 150,000 vehicles. […]

todayAugust 7, 2017 82

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