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