Global Glance: Treasury calls for online lending regulations, Mitsubishi says mileage cheating may be on all models

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Here are today’s top business headlines from across the nation and world:

Treasury calls for new regulations for online lenders

NEW YORK (AP) — The Treasury Department called for additional oversight and some increased regulations for the online lending industry on Tuesday, the first time a government agency has weighed in on this quickly growing, but largely unregulated, part of the financial world. It also comes at a time when the biggest online lending company, LendingClub, is under scrutiny from investors after the company altered a portfolio of sketchy loans in order to sell them to an investor. Read more


Mitsubishi motors says mileage cheating may be on all models

TOKYO (AP) — Mitsubishi Motors Corp., the Japanese automaker under investigation for lying about fuel economy data for some models, said Wednesday such tampering is suspected in all of its vehicles sold in Japan. Read more


US job openings rose to 8-month high in March

WASHINGTON (AP) — U.S. employers posted the most open jobs in eight months in March, but total hiring slowed, providing a mixed picture of the labor market. Job openings jumped 2.7 percent to 5.76 million, the most since July, the Labor Department said Tuesday. Yet hiring slowed to 5.3 million from 5.5 million. Read more


Macy’s struggles go on, outlook slashed

NEW YORK (AP) — Macy’s is slashing its full-year profit and sales outlook with its shoppers in an extended funk. First-quarter net income tumbled 40 percent, to $115 million, or 37 cents per share. Adjusted per-share earnings were 40 cents per share, 4 cents better than Wall Street had expected, according to FactSet. Read more


Wal-Mart sues Visa over chip-enabled debit cards

NEW YORK (AP) — Wal-Mart Stores Inc. has sued Visa Inc., charging that the payment network is not allowing the retail giant to let customers verify chip-enabled debit card transactions with what it believes is a more secure method: personal identification numbers. Read more


Disney’s movie business is again playing a starring role

LOS ANGELES (AP) — Disney brought in new studio management in 2012, pared its misfires – it hasn’t declared a film write-down in three years – and revved up its multibillion-dollar acquisitions Pixar, Marvel and Lucasfilm. Just eight years ago, it was dead last in box office receipts among the six major Hollywood studios; this year, it’s on pace for a record-breaking No. 1 spot. Read more

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