Cheddar Afternoon Business Update 8/11: Uber, restaurant closures, hip-hop

Posted: Updated:
NEW YORK -

One of Uber's earliest and biggest investors is suing former CEO Travis Kalanick.

Benchmark Capital is accusing the former executive of defrauding directors in an effort to take more control of the company's board. Kalanick stepped down as Uber CEO in June after six months of scandal and legal trouble at the company.

The company that owns IHOP and Applebee's says it will close up to 135 Applebee's locations and 60 IHOPs. It comes as more customers flock to "quick-service" restaurants like Panera Bread and Chipotle. It's still not clear which locations will be impacted.

And Google is marking the birth of hip-hop. It's commemorating the 44th anniversary of hip-hop, celebrating the 1973 party where DJ Kool Herc is credited with creating the genre. The Doodle features art from graffiti artist Cey Adams and is unlike anything the company's ever done before, according to Doodle team members.

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