BUZZ-U.S. STOCKS ON THE MOVE-Lending Club, Krispy Kreme, Baidu, MGT Capital

Mon May 9, 2016 10:36am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street was little changed on Monday after Friday's lackluster U.S. jobs report suggested the Federal Reserve will raise rates just once this year, while cautious investors allowed for only a short-lived rally in oil prices.

The Dow Jones industrial average was down 0.14 percent at 17,715.33, the S&P 500 was up 0.01 percent at 2,057.35 and the Nasdaq Composite was up 0.20 percent at 4,745.519.

** LENDING CLUB CORP, $5.27, -25.77 pct

The online lending platform said CEO Renaud Laplanche had resigned after an internal probe found that $22 million of near-prime loans were sold to an investor on terms that didn't comply with the investor's instructions.

BREAKINGVIEWS-Lending Club shows limits of fintech disruption

** VALEANT PHARMACETICALS INTERNATIONAL INC, $29.58, -1.04 pct

The Canadian drugmaker said on Monday it expected to file its first-quarter report with U.S. and Canadian regulators on or before June 10, ahead of a July 31 deadline, and reiterated its first-quarter forecasts.   Continued...