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eBay finishes strong in fourth quarter
eBay performed strongly during the holiday. Mobile exceeded expectations for the year, allowing the global commerce platform and payments leader to finish the fourth quarter on a high note.
The company reported that revenue for the quarter ended Dec. 31 increased 13% to $4.5 billion, compared to the same period of 2012.
Both Marketplaces and PayPal achieved record mobile results in 2013, each exceeding $20 billion in mobile volume. Mobile users represented 40% of eBay’s 36 million new users and accounts in 2013.
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Sears closing downtown Chicago store
Hoffman Estates, Ill. – Sears plans to close a store in the Loop section of downtown Chicago in April 2014. Sears spokesperson Howard Riefs announced the closing in an email which said the store’s 160 employees, most of whom are part-time, will be eligible to apply for jobs at other Sears stores in the area and also to receive severance.