Small car deals boom amid record SUV demand
Ford Focus lease buyer pays 192 a month with down payment traded in an old Monte Carlo. Dealers offer steep discounts to move small cars as segments shift with April inventories at seven year highs and truck SUV shares rising. Analysts foresee continued car sales slowdown despite an overall market push toward larger models.
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Detroit
Louis Cervi
Cervi
Pittsburgh
Ward
Automotive
U.S
Lending Club CEO Resigns After Loan Sale Findings
Lending Club chief executive and chairman Renaud Laplanche resigns following an internal review that found the San Francisco lender sold 22 million dollars of loans to an investor that did not meet the investor’s criteria. Acting CEO Scott Sanborn will lead the company as shares tumble.
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Renaud Laplanche
Online
Laplanche
San Francisco
Lending Club
Hans Morris
Scott Sanborn
Lending Club Corp
Wall Street
Krispy Kreme Shares Jump On JAB Takeover Offer
JAB Beech Inc plans to acquire Krispy Kreme Doughnuts Inc for about 1.35 billion dollars and take the company private. The deal values each share at 21 dollars, about a 25 percent premium, with Krispy Kreme continuing to operate independently from its Winston-Salem headquarters.
MENTIONED IN THIS ARTICLE
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Soar
New York
JAB Beech
Keurig Green Mountain
Peet's Coffee & Tea
Caribou Coffee
North Carolina
JAB Holdings
Keurig
Reimann
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Gevalia
Tassio
Einstein Noah
Coty
Jimmy Choo
Winston-Salem
N.C
U.S
Dunkin’ Donuts
Peter Hart
JAB
JAB Beech Inc
Krispy Kreme Doughnuts Inc
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