Nearly 200 LendingClub Employees To Lose Jobs

Nearly 200 LendingClub Employees To Lose Jobs

Online lending company LendingClub (NYSE:LC) has announced that it will lay off 179 employees, or 12 percent of its workforce, as a response to difficult market conditions. The lender reported the layoffs in a securities filing early... 
Medtronic Announces Deal For HeartWare

Medtronic Announces Deal For HeartWare

Medtronic Plc. (NYSE:MDT) has announced its intentions to buy HeartWare International Inc. (NASDAQ:HTWR) for about $1.1 billion. Medtronic will pay $58 a share in an all-cash transaction, according to a statement made on Monday. Both... 
Uber Surge Pricing Notifications Going Away

Uber Surge Pricing Notifications Going Away

Uber has announced that it is implementing a new upfront pricing policy to mitigate the effects of surge pricing on the business. Uber’s product team has been testing the idea in select cities throughout the U.S. and India since... 
Customers Unhappy With Costco Visa Card Rollout

Customers Unhappy With Costco Visa Card Rollout

Last year, Costco Wholesale Corporation (NASDAQ:COST), the world’s largest wholesale club, announced it would be ending its 16-year relationship with American Express. A dispute over card fees was at the heart of the matter. Costco... 
Wellness Benefits Disappearing From Workplaces

Wellness Benefits Disappearing From Workplaces

A survey from the Society for Human Resource Management shows that a number of wellness benefits have been slowly disappearing from the workplace landscape. Now in its 20th year, the SHRM survey polled 3,490 H.R. professionals at companies... 
Wal-Mart Selling Chinese Online Business To JD.com

Wal-Mart Selling Chinese Online Business To JD.com

Wal-Mart Stores Inc. (NYSE:WMT) has announced its intentions to sell its online business in China to JD.com, the country’s largest e-commerce site when measured by revenue and second largest by market share. As part of the deal,... 
Samsung Announces Acquisition Of Joyent For Undisclosed Sum

Samsung Announces Acquisition Of Joyent For Undisclosed Sum

Samsung (SSNLF) has announced that it will purchase Joyent, an 11-year-old company that is a cloud provider and container pioneer. According to a statement from the companies, Joyent will operate as an independent subsidiary within... 
More Staff Cuts Hit Bank Of America Consumer Banking Division

More Staff Cuts Hit Bank Of America Consumer Banking Division

Bank of America (NYSE:BAC) has announced its intentions to cut thousands of additional employees from its consumer banking workforce. Since 2009, the bank has reduced the number of employees in that division nearly 40 percent, with... 
Alibaba Moves To Alleviate Investor Concerns

Alibaba Moves To Alleviate Investor Concerns

Today marked the first time that Alibaba Group Holding Ltd. (NYSE:BABA) has released an annual revenue forecast. The company projected a 48 percent increase in revenue for the fiscal year ending in March. Excluding recently acquired... 
Microsoft LinkedIn Deal Worth $26.2B Announced

Microsoft LinkedIn Deal Worth $26.2B Announced

In a joint statement, Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD) announced that the networking site would be acquired by the tech titan in an all cash deal worth $26.2 billion. The terms of the deal value LinkedIn at $196 per... 
Millions Of Twitter Account Logins Exposed By Hackers

Millions Of Twitter Account Logins Exposed By Hackers

Twitter has confirmed that millions of Twitter account logins have been exposed by hackers on the dark web. More than 32 million Twitter account details have appeared on the website LeakedSource, a search engine that contains nearly... 
Tesla Under Fire For Suspension Issues

Tesla Under Fire For Suspension Issues

The National Highway Traffic Safety Administration’s is reportedly investigating Tesla (NASDAQ:TSLA) over a potential safety issue in the company’s Model S sedans. The safety regulator is examining the Model S suspension system... 
Wendy’s Cyber Attack Hit More Restaurants Than Previously Disclosed

Wendy’s Cyber Attack Hit More Restaurants Than Previously Disclosed

The Wendy’s Co. (NASDAQ:WEN) has revealed that recently discovered malicious malware has infected considerably more than the 300 locations previously disclosed as being breached. The malware was initially discovered on the point... 
Fiat Chrysler Reportedly In Talks To Partner With Uber

Fiat Chrysler Reportedly In Talks To Partner With Uber

Fiat Chrysler Automobiles NV (NYSE:FCAU) is reportedly in talks with Uber Technologies Inc. to form a partnership to build self-driving cars for the ride-hailing startup. Reports have emerged that the talks are at a preliminary stage,... 
Valeant Shares Slide After Company Forecasts Cut

Valeant Shares Slide After Company Forecasts Cut

Valeant Pharmaceuticals International Inc. (NYSE:VRX) shares plummeted Tuesday as new Chief Executive Officer Joseph Papa reduced the company’s 2016 earnings and sales forecasts. The earnings forecast for this year has been reduced...