Alibaba, Lending Club Team Up, Office Depot and Staples Enter “Advanced Talks” on Possible Merger

The Alibaba Group and online marketplace lending company the Lending Club are joining forces to provide financing for American companies to purchase supplies from Chinese manufacturers.

Office Depot and Staples are now in “advanced talks” to merge. Activist hedge fund Starboard Value has been putting pressure on the office supply companies to unite.

Auto sales increased for major car makers in January. Ford, for instance, saw sales rise 15.3%, and its F-150 truck had its best January in sales since 2004.

Major retailers in New York, including Target and Walmart, have been ordered to stop selling their store-brand herbal supplements. New York Attorney General Eric Schneiderman said the supplements do not contain the ingredient advertised or are contaminated with other materials.


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