The Traderszone Network

Lyft board members had discussed replacing current Chief Executive Officer Logan Green, who was not aware of those talks, according to Lyft’s former chief operating officer in a court filing obtained by Reuters on Friday. Ex-COO Travis VanderZanden eventually left Lyft and became vice president of international growth at rival car service Uber. Lyft sued VanderZanden earlier this week, alleging he improperly kept Lyft’s proprietary information after leaving the company, including financial projections.

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British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks as early as next Wednesday, people familiar with the matter said. It would be the first settlement in the year-long global probe into the $5.3 trillion-a-day foreign exchange market. A group settlement could be appealing to the banks, after Barclays in 2012 was singled out as the first bank to settle with regulators over a global investigation into the rigging of benchmark interest rates.

A major Wall Street trade group is lobbying to get legislation passed that would give trading firms, banks and institutional investors a greater say in how the U.S. The Securities Industry and Financial Markets Association (SIFMA) is making the case to lawmakers on Capitol Hill that the costs to implement and maintain market initiatives to its members, which include about 400 banks, brokers and asset managers, are significant, yet they have little input in crafting those rules. SIFMA has drafted the legislation and is looking for sympathetic ears, the people said.

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Buried deep inside Tuesday’s exit polls is a series of numbers on presidential contenders that will blow your mind, says Larry Kudlow.

China’s Momo, a mobile-based social networking platform, filed with U.S. regulators on Friday for an initial public offering.

3D printing is growing rapidly, but it hasn’t yet produced the profits investors have hoped for. Can 3D Systems (DDD) tear up its old script in the third quarter?

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Submitted by James E. Miller via Mises Canada,

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