Business Practices

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  • June 28- LendingClub Corp said on Tuesday that its founder and former Chief Executive Officer Renaud Laplanche took out loans from the online lender in order to inflate the company's volumes, the latest revelation from an internal probe of the firm's business practices. The company said on Tuesday that it had uncovered new information, including that...

  • BOSTON, June 20- Billionaire investor William Ackman revved up his campaign against Herbalife on Monday as investors await the outcome of a U.S. Federal Trade Commission probe into the business practices of the nutritional supplements maker. Ackman's hedge fund, Pershing Square Capital Management, released a video on Monday that it said illustrated what...

  • Executive Edge: Diversity and competitiveness

    Carla Harris of Morgan Stanley talks about the benefits of a diverse workforce in the era of disruption and rising competition.

  • London restaurant offers naked food experience

    The pop-up eatery will feature a clothing-optional policy where restaurant-goers can experience true liberation without any impurities.

  • JPMorgan Chase adopts more relaxed dress code

    The bank is loosening up, allowing company employees to dress in business-casual attire when appropriate.

  • Bilton: Twitter doesn't know what Twitter is

    Nick Bilton, CNBC Contributor and Special Correspondent for Vanity Fair, discusses Twitter's strategy and its CEO Jack Dorsey.

  • Must Read: Keep America strong

    The "Worldwide Exchange" crew discusses some of the morning's top attention-grabbing headlines, including a story in the Washington Post titled "America is still great - but needs to stay strong," and a Financial Times piece titled, "Put tired James Bond out of his misery."

  • Adam Grant: The benefit of enemies vs. 'frenemies'

    Adam Grant, Wharton professor of management, cites a study which shows it may be more beneficial to deal with the foe you know rather than a sometimes friend you can't depend on.

  • 'Disturbing' Walgreens didn't test Theranos: Adam Grant

    Adam Grant, Wharton professor of management, weighs in on Walgreens' deal with Theranos without first validating its technology.

  • Shorter workday, more productive?

    Annie Perrin, Content Director at The Energy Project, discusses Sweden's shift to a 6-hour workday and how companies like Facebook and Google are working to achieve better work-life balance and boost productivity. Kevin O'Leary, O'Leary Financial Group Founder and O'Shares Chairman, also weighs in.

  • Democracy in the workplace

    Kelly Max, Haufe USA CEO, and Vivek Wadhwa, Stanford University Fellow, discuss Haufe's process of annually electing its CEO and how democratic voting in the workplace may or may not work across the board.

  • Musk says Tesla paid $55 per hour to workers

    The Mercury News accused the company of paying workers only $5 an hour to build a car-painting facility.

  • LendingClub cancels summer internship program

    The online lender nixes the internship program as it tries to deal with a number of major issues.

  • May 18- New York state's financial regulator subpoenaed Lending Club Corp on Wednesday over its business practices related to interest rates and fees charged to New Yorkers, a person familiar with the matter said. The move by the New York Department of Financial Services follows the opening of a U.S. Department of Justice investigation of Lending Club.

  • May 18- New York state's financial regulator subpoenaed Lending Club Corp on Wednesday over its business practices related to interest rates and fees charged to New Yorkers, a person familiar with the matter said. The move by the New York Department of Financial Services follows the opening of a U.S. Department of Justice investigation of Lending Club, whose...

  • NY'S FINANCIAL REGULATOR SUBPOENAS LENDINGCLUB CORP OVER BUSINESS PRACTICES ON INTEREST RATES, FEES CHARGED TO NEW YORKERS-SOURCE.

  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp filed a lawsuit accusing the bank of underpaying women, and retaliating against her for complaining about illegal or unethical business practices by her colleagues. Her lawsuit filed in Manhattan federal court joins many others accusing Wall Street of bias against female bankers,...

  • TORONTO, May 17- Canada's main stock index gained on Tuesday as the energy group rose on higher oil prices and Valeant Pharmaceuticals International Inc surged after it said it would make required securities filings to Canadian regulators. Laval, Quebec- based Valeant, which is under scrutiny over its drug pricing, business practices and accounting, rose 4.5...

  • PWC receptionist told to wear heels, not flats

    A woman claims that she was told to go buy heels on her first day of work at the accounting firm.

  • Poultry workers forced to wear diapers

    A new report by Oxfam America reveals workers are denied bathroom breaks at plants across the country.