Lenovo profit falls 5 percent after Motorola acquisition
Alibaba and Lending Club to form financing partnership
Staples buys office depot for $6B to keep pace with change
FDA approves breast cancer drug from Pfizer

Lenovo profit falls 5 percent after Motorola acquisition
Lenovo Group said Tuesday its quarterly profit declined 5 percent, reflecting the computer maker’s acquisition of the unprofitable Motorola mobile phone business.The company said it earned $253 million, or $2.30 per share, in the three months through December. Revenue rose 31 percent to $14.1 billion.

Alibaba and Lending Club to form financing partnership
The companies behind two of the hottest stock market debuts of 2014, Lending Club and the Alibaba Group, announced that they would form a partnership to provide financing for manufacturers in the United States to buy products and supplies through the Chinese marketplace Alibaba.com. Through Lending Club, the giant of the online marketplace lending industry, those companies can line up from $5,000 to as much as $300,000 for each purchase order.

Staples buys office depot for $6B to keep pace with change
Evolving shopping habits have forced yet another retailer to think outside of the box.Staples, the nation’s largest “big box” office supply chain, announced Wednesday that it’s spending about $6 billion to buy its second-ranked rival, Office Depot.

FDA approves breast cancer drug from Pfizer
FDA approved Ibrance for women who have tumors that do not contain a protein known as HER-2. This protein causes cancer cells to divide and grow faster than usual. The injectable drug is intended to be used in


Prepared by Jill Ji

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