The daily business briefing: August 9, 2016

Harold Maass
The Walmart logo on a shopping cart
Scott Olson/Getty Images
The daily business briefing newsletter
Your free email newsletter subscription is confirmed. Thank you for subscribing!


Walmart acquiring Jet.com for $3 billion

Walmart is buying startup internet retailer Jet.com for $3 billion, Walmart executives disclosed on Monday. The deal marks the most ever paid for a new e-commerce company. Walmart has bought 15 startups over the last five years as it tries to make its online division more competitive with online retail giant Amazon. The acquisition of Jet.com, launched in July 2015 by entrepreneur Marc Lore, gives Walmart the startup's innovative pricing software, which Walmart plans to integrate into its own store while keeping Jet.com as a separate entity. [Reuters]


Delta cancels 250 more flights as it recovers from computer outage

Delta Airlines canceled 250 flights on Tuesday as it struggled to get back to normal after a power outage at its Atlanta base disrupted its operations worldwide. About 200 other flights could be delayed. On Monday, the computer glitch forced the carrier to cancel about 1,000 flights. Limited flights resumed after a six-hour halt to Delta traffic. Delta CEO Ed Bastian apologized to travelers, and said restoring the computer systems and getting back on schedule was "an all hands on deck effort." Delta is offering stranded passengers refunds and $200 travel vouchers. [NBC News, MarketWatch]


Barclays agrees to pay states $100 million in rate-rigging settlement

British bank Barclays has agreed to pay $100 million to 44 U.S. states to end state investigations of alleged manipulation of interest rates from 2005 to 2009. The scheme allegedly hid evidence of Barclays' poor health during the global financial crisis, inflating borrowing costs linked to the U.S. and London interbank offer, or Libor, rates. "There has to be one set of rules for everyone, no matter how rich or how powerful, and that includes big banks and other financial institutions" that manipulate financial markets, New York Attorney General Eric Schneiderman said. [Bloomberg]


Lending Club CFO resigns

Loan marketplace Lending Club announced Monday that its chief financial officer, Carrie Dolan, is stepping down to "pursue a new opportunity." The news came three months after the company ousted its founder and CEO, Renaud Laplanche, over his failure to report details on problematic loan sales to an investment bank. The company's shares, which have lost two-thirds of their value in the past year, fell by nine cents to $4.70 in after-hours trading. [USA Today, The Wall Street Journal]


Fox News' Tantaros says she was pulled off air after complaining about Ailes harassment

Fox News host Andrea Tantaros says through a lawyer that she complained several times to senior executives that the cable news company's now-ousted chief, Roger Ailes, has sexually harassed her before she was yanked off the air in April. Her lawyer said he believed her sidelining was "retaliatory." The claim counters earlier statements by Fox News senior executives that they were unaware of any accusations against Ailes until former anchor Gretchen Carlson filed a sexual-harassment lawsuit against him in July. The company says Tantaros was taken off the air for violating company policy — and her contract — by failing to submit her latest book for review. [New York]