Business Insider
Analyzing the top news stories across the web

Jan. 13 2017 1:47 PM

This Company Is Suing Because It Thinks Snapchat Ripped Off Its Eyeball Logo

Snapchat's parent company, Snap, is being sued over the eyeball logo featured on Spectacles vending machines.

Glasses brand Eyebobs is claiming trademark infringement in a lawsuit filed in Minnesota federal district court. The company claims it registered an eyeball logo in the US in 2008.

Jan. 10 2017 2:48 PM

Snapchat’s Unusual Choice to Open Its European Headquarters in the U.K.

This post originally appeared in Business Insider.

Snap, the parent company of Snapchat, has chosen to base its international headquarters in the UK, the Financial Times first reported on Tuesday.

The move is unusual for a US-based tech firm. Companies including Facebook, Uber, and Google have chosen other European countries including Ireland and the Netherlands as their international base to take advantage of lower corporation tax rates.

Jan. 9 2017 4:22 PM

The Limited Abruptly Shut Down All Its Stores and Laid Off 4,000 Workers

This post originally appeared in Business Insider.

The Limited on Sunday shut down all 250 of its stores and laid off 4,000 workers. The women's clothing store chain announced the closures on Saturday in a statement on its website.

"We're sad to say that all The Limited stores nationwide have officially closed their doors," the statement reads. "But this isn't goodbye. The styles you love are still available online—we're just a quick click away 24 hours a day."


Jan. 4 2017 3:10 PM

Introducing Trump Fish, Iraqi Kurdistan’s First Donald Trump–Themed Restaurant

This post originally appeared on Business Insider.

A Donald Trump-themed restaurant—one that's not owned by the president-elect himself—just opened in the heart of Iraqi Kurdistan. Called Trump Fish, its specialty is carp, which comes grilled or fried.

Local businessman Nadyar Zawiti picked the name after hearing Trump's promises to arm Kurdish forces to help defeat ISIS, he told CNN.

Dec. 9 2016 11:06 AM

The CEO of Coca-Cola Plans to Step Down

This post originally appeared in Business Insider. 

Muhtar Kent, CEO of Coca-Cola, will step down as CEO of the company as of May 1, 2017 according to a release from the company.

Kent will be replaced by current COO James Quincey, who has been at Coca-Cola for 20 years, according to the firm.


Dec. 7 2016 3:11 PM

Yep, Marijuana Legalization Is Bad News for Beer Sales

This post originally appeared on Business Insider.

Beer sales are taking a hit in states where marijuana is legal.

So far this year, beer volumes have dropped roughly 2% in Colorado, Oregon, and Washington, which have all legalized recreational pot, according to Neilsen data cited in a recent report from Cowen & Co.

At the same time, marijuana consumption has grown in those states.


Dec. 2 2016 11:04 AM

For the Second Time, Howard Schultz Is Stepping Down as Starbucks’ CEO

This post originally appeared on Business Insider.

Starbucks CEO Howard Schultz is stepping down next year, the company announced on Thursday.

Schultz will be replaced by Starbucks' president and COO, Kevin Johnson, effective April 3. Johnson has been a member of Starbucks' board of directors for seven years.

Schultz will be appointed executive chairman. According to the company, he will shift his focus to Starbucks' higher-end Reserve line and the company's social initiatives.


Nov. 21 2016 1:07 PM

Sabra Recalls Nearly All Hummus Products Over Listeria Concerns

This post originally appeared on Business Insider.

Sabra Dipping Co. has issued a recall for nearly every one of its hummus products due to Listeria contamination concerns.

The recall includes 57 varieties of the popular hummus brand, which covers everything it makes except for Sabra Organic Hummus, Sabra Salsa, Sabra Guacamole and Sabra Greek Yogurt Dips.


Nov. 18 2016 12:03 PM

Apple Will Charge Less to Fix iPhones Afflicted by "Touch Disease"

This post originally appeard on Business Insider.

Apple announced on Thursday that it will fix certain issues with iPhone 6 Plus phones for $149, a significant discount from the $329 service charge the company had been offering users.

The company wrote in a service document:

"Apple has determined that some iPhone 6 Plus devices may exhibit display flickering or Multi-Touch issues after being dropped multiple times on a hard surface and then incurring further stress on the device.

"If your iPhone 6 Plus is exhibiting the symptoms noted above, is in working order, and the screen is not cracked or broken, Apple will repair your device for a service price of $149."

Nov. 14 2016 1:32 PM

More Than 400 Million User Accounts Exposed After Hookup Site AdultFriendFinder Is Hacked

This post originally appeared on Business Insider.

Friend Finder Networks, the company behind adult dating site AdultFriendFinder has been hit with a massive hack — exposing more than 400 million user accounts.

The news comes via LeakedSource, a site that monitors data breaches, which has obtained a copy of the stolen user accounts.