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New York’s top financial regulator launched an inquiry into the business practices of LendingClub Corp on Wednesday, according to a person familiar with the matter, the third investigation the online lender has faced since its chief executive and founder was forced to resign earlier this month.
The Viacom board of directors voted Wednesday to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, according to a person familiar with the matter, in the wake of a legal fight that raised questions about his mental capacity.
China’s appliances maker Midea Group is close to announcing a takeover offer for German industrial robot maker Kuka AG, according to people familiar with the matter, a move that could become one of the largest unsolicited approaches of a foreign company by a Chinese buyer.