LendingClub says ex-CEO took loans to boost volumes

NEW YORK/SAN FRANCISCO (Reuters) – LendingClub Corp said on Tuesday that its founder and former chief executive, Renaud Laplanche, borrowed from the online lender to inflate the company’s volumes, the latest revelation from an internal probe of the firm’s business practices.

Wall Street bounces back after two-day Brexit rout

(Reuters) – Wall Street bounced back on Tuesday, recouping some recent losses, as investors sought cheap assets after a two-day equities rout sparked by Britain’s decision to leave the European Union.

Important to look at individuals in VW scandal: Lynch

PHOENIX (Reuters) – U.S. Attorney General Loretta Lynch said on Tuesday that it was important for the Justice Department to look at individuals in the ongoing criminal investigation into the Volkswagen emissions scandal.

Nike sales, future orders rise less than expected; shares drop

(Reuters) – Nike Inc’s quarterly revenue rose less than expected and its forecast for orders growth also missed analysts’ estimates, showing that the U.S. sports giant was struggling to fend off competition from Germany’s Adidas and others.

Short sellers ramp up bets against Tesla, SolarCity shares: S3 Partners

NEW YORK (Reuters) – Bets against both Tesla Motors Inc and SolarCity Corp shares have risen after Elon Musk announced a proposed merger last week, but any further bets will be small as both stocks…

Airbnb seeks funds valuing it at $30 billion: source

(Reuters) – Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on Tuesday.

Airbnb seeks funds valuing it at $30 billion: source

(Reuters) – Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on Tuesday.

Economic espionage a ‘tremendous problem’: U.S. attorney general

PHOENIX (Reuters) – U.S. Attorney General Loretta Lynch said on Tuesday fighting economic espionage was a priority for the Department of Justice.