During Wednesday’s Morning trade, Shares of Lending Club Corp (NYSE:LC), gained 0.09% to $128.59.
Lending Club (LC), the world’s largest online marketplace connecting borrowers and investors, declared that interest rates for new loans will improvement by an average of 0.25% at 1 PM PST recently, following last week’s Federal Reserve decision.
Most of Lending Club’s customers report using their loan to pay off their credit card balances, which typically carry a variable rate indexed on the Prime rate. As major U.S. banks stated lifting their Prime rate last week by 0.25% in response to the Fed’s declaration, most cardholders will see a corresponding 0.25% rate improvement in their next billing statement.
“The value we deliver to our customers is not dependent on the absolute level of interest rates,” explained Lending Club CEO Renaud Laplanche. “Our marketplace’s rates will continue to adjust in such a way that borrowers benefit from the same savings against credit card rates, and investors continue to find very attractive risk-adjusted returns contrast to other fixed income alternatives. Our ability to compress the spread between these two rates, using technology and low-cost operations, remains unchanged irrespective of the rate environment.”
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
Shares of DaVita HealthCare Partners Inc (NYSE:DVA), inclined 0.53% to $69.93, during its current trading session.
DaVita HealthCare Partners Inc., declared that the company donated more than $2 million to charities across the United States through the “DaVita® Way of Giving.”
For the fifth year in a row, teammates around the country actively engaged local nonprofits and contributed resources to assist in their missions through the DaVita Way of Giving. Nearly $6.8 million has been donated through the program since 2011.
“As a community first and company second, we want to care for our neighbors where we live and work,” said Dave Hoerman, chief wisdom officer for DaVita HealthCare Partners. “Our teammates choose where we make the donations because they know what’s needed most in their communities. Many teammates are involved in community causes and this lets us, as a Village, support what they’re already doing.”
DaVita HealthCare Partners Inc. provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease (ESRD). The company operates in two divisions, Kidney Care and HealthCare Partners. It operates kidney dialysis centers and provides related lab services primarily in outpatient dialysis centers and in contracted hospitals.
Finally, Clean Energy Fuels Corp (NASDAQ:CLNE), gained 6.76%, and is now trading at $3.79.
Clean Energy Fuels Corp., applauded the passage by the U.S. Congress of an alternative fuel tax credit which will continue to support the use of natural gas, a cleaner and domestic transportation fuel option. The credit is retroactive to 2015 and extends through 2016 and applies to compressed natural gas (CNG) and liquefied natural gas (LNG). With an anticipated signature by President Obama, the tax credit will cap a successful year for Clean Energy that comprises the completion of 68 station projects and adding over 3,000 vehicles to the Clean Energy fueling network, despite facing the headwinds of lower diesel prices. As David Biderman, the executive director and CEO of the Solid Waste Association of North America recently said, “…one of the remarkable things that has occurred this year is that despite the declining price of diesel, the purchase of natural gas fueled waste collection vehicles has remained steady as companies and local governments seek to reduce carbon footprint, reduce emissions and reduce costs.”
“The tax credit will support the continued expansion of natural gas fueling in the U.S., which will assist to clean our air and keep dollars here,” said Andrew J. Littlefair, president and CEO of Clean Energy. “We applaud Congress for taking this action and encourage the implementation of permanent measures to encourage further use of this superior and cleaner fuel.”
Natural gas fuel costs up to $1.00 less per gallon than gasoline or diesel, depending on local market conditions. The use of natural gas fuel not only reduces operating costs for vehicles, but also reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in medium to heavy-duty vehicles. In addition, nearly all natural gas consumed in North America is produced domestically.
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, operates, and maintains fueling stations; and supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles, in addition to liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles.
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