-
Staples aims to lend a hand to small business
Staples Inc. is tapping into a new revenue stream by launching a lending program aimed at small businesses.
Staples has launched the Staples Business Loans powered by Lendio service to provide access to capital for small business owners. Staples has teamed up with Lendio, a financial technology firm and small business-lending marketplace, to deliver a suite of funding options.
Staples Business Loans offers more than 20 different funding options and the flexibility for businesses to use the money for whatever their business needs.
-
Office Depot's Q4 overshadowed by 2015 outlook
Office Depot posted a larger profit in the fourth quarter, but the retailer says currency pressures, market challenges and its tentative merger with Staples could negatively affect sales in 2015.
Office Depot reported a profit of 7 cents a share, compared with a year-earlier loss of 5 cents a share. Analysts polled by Thomson Reuters had projected earnings of four cents a share on revenue of $3.91 billion.

