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Business - Lending Club names CEO, plans to cut 12 percent of its workforce

Lending Club, whose shares have fallen about 40 percent since Laplanche`s departure, also said it expected loan originations to be roughly one third lower in the second quarter than they were in the first quarter. Laplanche, one of the highest-profile names in the fledgling online lending industry, was removed last month over financial irregularities at the company, which operates the world`s biggest peer-to-peer lending platform. The company also said on Tuesday that an internal review had found 32 loans made through its platform in the second half of December 2009 to Laplanche and three of his family members.

Tuesday, June 28, 2016  12:41


Business - Volkswagen`s U.S. diesel emissions settlement to cost $15 billion: sources

By David Shepardson WASHINGTON (Reuters) - Volkswagen AG`s settlement with nearly 500,000 U.S. customers and government regulators over polluting diesel vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday. The settlement, to be announced on Tuesday in Washington, includes $10.033 billion to offer buybacks to owners of about 475,000 polluting vehicles and nearly $5 billion in funds to offset excess diesel emissions and boost investment in zero emission vehicles, the sources said. A separate settlement with nearly all U.S. state attorneys general over excess diesel emissions will be announced on Tuesday and is expected to be more than $500 million and will push the total to over $15 billion, a separate source briefed on the matter said.

Tuesday, June 28, 2016  11:47


World - Lebanon army raids Syrian refugee camps after suicide blasts

Lebanese troops raided makeshift refugee camps near a predominantly Christian village on the border with Syria on Tuesday a day after two waves of suicide attacks. `We are worried that there are more terrorists, so the Lebanese army is searching the area,` said Bashir Matar, mayor of Al-Qaa, which lies in a hilly border area shaken by violence since the civil war erupted in Syria in 2011. Five people were killed and 15 wounded when four suicide bombers attacked the village before dawn on Monday.

Tuesday, June 28, 2016  11:09


World - Dutch court approves extradition of suspected cyberbully

AMSTERDAM (AP) An Amsterdam court has approved the extradition of a Dutch man to Canada, where authorities suspect him of a string of crimes against Amanda Todd, a 15-year-old girl who drew global attention to cyberbullying when she posted a YouTube video recounting her ordeal. She later took her own life.

Tuesday, June 28, 2016  13:50


World - U.N. urges Sri Lanka to rein in military, prosecute war crimes

By Stephanie Nebehay GENEVA (Reuters) - Sri Lanka must rein in its military forces, prosecute war crimes committed during the long civil war with Tamil rebels and win the confidence of the Tamil minority, the United Nations said on Tuesday. Witnesses must be protected under an effective transitional justice mechanism that should include international judges, the U.N. High Commissioner for Human Rights Zeid Ra`ad Al Hussein said in an annual report. The military and Tamil Tiger rebels - who were fighting for an independent Tamil state in the north and east of the Indian Ocean island - are both likely to have committed war crimes during the 26-year conflict that ended in 2009, the U.N. said last year.

Tuesday, June 28, 2016  13:50


World - Zimbabwe opposition leader Tsvangirai says has cancer of the colon

Zimbabwe`s main opposition leader and President Robert Mugabe`s chief rival for the last 17 years said on Tuesday he has been diagnosed with cancer of the colon and is undergoing treatment in neighboring South Africa. Morgan Tsvangirai, 64, who was Zimbabwe`s prime minister in an uneasy coalition government with the 92-year-old Mugabe from 2009 until 2013, said it was important for national leaders to disclose their health status. Mugabe routinely denies local media reports that he is suffering from prostate cancer and says his frequent trips to Singapore are for routine medical checks.

Tuesday, June 28, 2016  09:22


Business - Expect a settlement in the Volkswagen emissions fiasco tomorrow

Monday, June 27, 2016  23:42


World - Yemeni officials say Saudi-led airstrike has killed 25

SANAA, Yemen (AP) Yemeni security officials say an airstrike by a Saudi-led coalition targeting Shiite rebels in the southern province of Taiz has killed 25 people 15 fighters and 10 civilians.

Tuesday, June 28, 2016  10:20


Top Stories - Police: Man stole AR-15, sold it for $200 and weed

Police say a Mo. man stole an AR-15 rifle, then sold the gun for $200 cash and marijuana.

Tuesday, June 28, 2016  04:17


World - Man gets 15 years for human smuggling, virtual slave labor

TOLEDO, Ohio (AP) The ringleader of a scheme that smuggled teens into the U.S. and kept them as virtual slaves while forcing them to work at an egg farm and live in run-down trailers was sentenced to just over 15 years in prison Monday.

Monday, June 27, 2016  23:38

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