Business Practices

  • 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...


  • 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.

  • Facebook denies reports it censores conservative news

    Gizmodo claims the tech company's human content curators censor stories on the platform's trending section.

  • Baidu CEO stresses the company's core values

    Robin Li reminds employees to put values before profits following the cancer scandal.

  • Lending Club shares slide after CEO resigns

    The company says its co-founder, chairman and CEO Renaud Laplanche stepped down.

  • May 9- Lending Club Corp, operator of the world's biggest online lending platform, said on Monday that Chief Executive and Chairman Renaud Laplanche had resigned following a review that revealed a violation of the company's business practices. Lending Club's shares fell about 27 percent to $5.17 in premarket trading and were set to open at their lowest since...

  • May 9- Online lending platform operator Lending Club Corp said its Chief Executive and Chairman Renaud Laplanche has resigned following an internal review, which revealed a violation of the company's business practices. Scott Sanborn, the company's president, will become acting CEO, while director Hans Morris will assume the newly created role of executive...

  • *Estimates $200 mln payment to settle probe. May 5- Herbalife Ltd said it was in advanced talks with the U.S. Federal Trade Commission to resolve a probe into its business practices and the health supplements maker reported its first sales rise in six quarters. Herbalife has been under heavy scrutiny for its business practices, with billionaire activist...

  • Our priority is paying off debt: BT CEO

    Gavin Patterson, CEO of BT, discusses the company's business priorities and says the dividend will increase by 10 percent in the next two years.

  • SAN FRANCISCO, April 21- In late 2014, Uber and Lyft targeted Portland, Oregon, as the next place to launch their still-controversial ride-hailing services. "We were trying to figure out a way to reward Lyft for having better business practices and not violating our laws," said Josh Alpert, mayor Charlie Hales' chief of staff, who described the interactions with both...

  • The humane economy

    Wayne Pacelle, The Humane Society CEO, discusses how businesses are looking to build a more humane economy and adjusting their practices in the name of animal protection.

  • Pitbull's business playbook

    Musician & producer Pitbull joins CNBC's Melissa Lee to discuss his state of mind as an entrepreneur and insight to his business strategies.

  • China to survey 'left-behind' children

    The Chinese government will conduct a survey of the number of children left in rural villages while their parents leave to work in cities.

  • Ex-Deutsche Bank analyst fined, suspended over stock rating

    Former analyst Charles Grom improperly approved a 'buy' recommendation for Big Lots stock in 2012.

  • Zenefits People

    Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices.

  • Theranos accused of tampering with data: WSJ

    John Carreyrou, Wall Street Journal, discusses the details behind accusations against Theranos tampering with data.