BRIEF-Viacom Inc announces launch of Global Product Development Group
* Announced launch of Global Product Development Group Source text for Eikon: Further company coverage:
Oct 14 Online lending platform operator LendingClub Corp said it had raised interest rates for some of its loans and tightened credit policy that would result in certain high-risk borrowers being denied loans.
The company's interest rate hikes were mostly for loans deemed relatively more risky by the company, Chief Investment Officer Siddhartha Jajodia wrote in a letter to investors on Friday. (bit.ly/2egvzCm)
LendingClub said it expects loans originated from the second half of 2016 to benefit from these changes. (Reporting by Sudarshan Varadhan and Sruthi Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)
April 25 Tensions between Elliott Management and specialty metals maker Arconic Inc escalated on Tuesday, as the hedge fund spurned a truce offered by the company and urged shareholders to elect all four of its director nominees.
BOSTON/DETROIT, April 25 Greenlight Capital, which has been pressuring General Motors Co to restructure its share class, said on Tuesday it believed the automaker's shareholders "will vote with their wallets" on the hedge fund's two-class stock proposal and slate of board nominees.