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,; for the Morning News Call newsletter, 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


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...