LendingClub turmoil takes toll as company posts widening losses
(Reuters) – LendingClub Corp on Monday reported its largest quarterly loss in a year as it struggles to bring banks back to its online lending platform following the departure of its chief executive and a scandal involving altered loan documents.
Exclusive: Honeywell explores acquisition of JDA Software – sources
(Reuters) – Honeywell International Inc is in talks to acquire JDA Software Group Inc, in a deal that could value the U.S. supply chain management software company at around $3 billion, including debt, according to people familiar with the matter.
Wall Street takes tiny step back from record highs
(Reuters) – Wall Street receded from record highs on Monday as a drop in healthcare stocks offset gains caused by higher oil prices and a strong jobs report.
Power outage at Delta causes flight cancellations, delays
(Reuters) – Delta Air Lines Inc canceled hundreds of flights and delayed many others on Monday after an outage hit its computer systems, grounding planes and stranding passengers of one of the world’s largest carriers at airports around the globe.
Wal-Mart buying Jet.com to lift online sales, battle Amazon
(Reuters) – Wal-Mart Stores Inc, vying to better challenge Amazon.com Inc , will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup.
U.S. housing agencies would need more taxpayer funds in a crisis: regulator
WASHINGTON (Reuters) – Fannie Mae and Freddie Mac, two government-controlled housing finance agencies, would need a big cash injection to weather another financial meltdown, a government regulator said on Monday.
Oil up nearly 3 percent on OPEC output speculation as glut grows
NEW YORK (Reuters) – Oil prices settled up nearly 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries that pressured the market to three-month lows last week.
Chevron wins U.S. ruling blocking $8.6 billion Ecuador rainforest award
NEW YORK (Reuters) – Chevron Corp persuaded a federal appeals court on Monday to block enforcement in the United States of an $8.65 billion Ecuadorean pollution judgment that it said, and which the court agreed, was obtained through bribery and fraud.
AT&T to pay $7.75 million for allowing sham directory-assistance calls
WASHINGTON (Reuters) – AT&T Inc will pay $7.75 million in refunds and fines after federal investigators found it allowed unauthorized third-party charges related to phony directory-assistance service on its customers’ telephone bills, U.S. regulators said on Monday.
U.S. to auction $1.6 million of bitcoin from various cases
NEW YORK (Reuters) – The U.S. government said on Monday it plans to auction over 2,700 bitcoins that were forfeited during several cases, several of which stemmed from investigations of the online black market known as Silk Road.
