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Office Depot Inc

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  • Staples sales dip as stores close ahead of merger attempt Wednesday, 20 May 2015 | 6:09 AM ET

    NEW YORK— Staples suffered a 36 percent decline in first-quarter earnings as businesses increasingly go digital, a shift that has compelled its attempted merger with Office Depot. Staples had been under pressure from the private equity firm Starboard Value LP to attempt to combine its business with Office Depot and earlier this year it did just that.

  • 210 Zappos workers leave over no-boss system Monday, 11 May 2015 | 7:13 PM ET
    Zappos

    More than 200 employees at Zappos have opted to buy out of the company rather than ride out the transition to pure Holacracy, reports Fastcompany.com.

  • Smith on Staples-Office Depot deal   Tuesday, 5 May 2015 | 10:05 AM ET
    Smith on Staples-Office Depot deal

    Jeffrey Smith, CEO, Starboard Value, discusses the possible deal between Staples and Office Depot.

  • Early movers: MDLZ, TSLA, ODP, BLMN & more Tuesday, 5 May 2015 | 8:14 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Early movers: BAC, DAL, PNC, ALU, CMG & more Wednesday, 15 Apr 2015 | 7:44 AM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Some of the names on the move ahead of the open.

  • Bye buy: 14 big stores shrink fastest Friday, 10 Apr 2015 | 11:00 AM ET
    A woman on an escalator in a Walgreens store in New York.

    The parent company of Walgreens drugstore is just one of 14 major publicly traded companies quickly reducing store counts. USA Today reports.

  • *Charter to buy Bright Hose for about $10 bln. NEW YORK, March 31- U.S. stock were poised to open lower on Tuesday, indicating a modest retreat from the previous session's rally, though the S&P 500 remained on track for its ninth straight quarterly rise. Energy shares will continue to be in focus as crude oil fell 1.3 percent to $47.58 per barrel, sending Exxon Mobil Corp...

  • US STOCKS-Futures pull back after strong advance Tuesday, 31 Mar 2015 | 7:21 AM ET

    NEW YORK, March 31- U.S. stock index futures were lower on Tuesday, indicating a modest retreat from the previous session's rally, including the strongest session for the Dow in more than a month. *Energy shares will continue to be in focus as crude oil fell 2.3 percent to $47.58 per barrel, sending Exxon Mobil Corp down 0.7 percent to $85 in premarket trading.

  • The young & the restless: 6 who are hot Friday, 27 Mar 2015 | 6:50 AM ET
    Jeffrey Smith, Starboard Value

    Corporate boards, meet the next Bill Ackmans and Carl Icahns of the world.

  • Stocks close lower; weaker dollar eyed Monday, 23 Mar 2015 | 4:01 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed lower as investors looked ahead to a light week of economic reports amid some consolidation in currency and oil prices.

  • Wall Street uneasy ahead of busy data week Monday, 23 Mar 2015 | 8:25 AM ET
    A trader works on the floor of the New York Stock Exchange.

    U.S. stock index futures indicated a lower open on Monday, amid some dollar and oil price weakness, ahead of a busy week of data releases.

  • Early movers: Biogen, Staples, Pfizer & more Monday, 23 Mar 2015 | 8:16 AM ET
    Traders on the floor of the New York Stock Exchange.

    Take a look at some of Monday's early movers:

  • March 6- Staples Inc reported its eighth straight decline in quarterly sales, highlighting the company's need to seal its deal to buy Office Depot Inc as competition in the office supplies market intensifies. Staples struck a deal in February to buy Office Depot for $6.3 billion to better compete against Wal-Mart Stores Inc and Amazon.com Inc, which have been...

  • Staples sales miss on weak demand, strong dollar Friday, 6 Mar 2015 | 7:57 AM ET
    Staples store

    Staples reported lower-than-expected fourth-quarter sales, hurt by a strong dollar and weak demand for computers and related accessories.

  • The outlook excludes costs related to the company's $6.3 billion acquisition of smaller rival Office Depot Inc, which is being examined by the U.S. Federal Trade Commission. The anti-trust watchdog is widely expected to approve the deal, which would leave the United States with a single specialty office-supplies retailer to compete with big-box chains such...

  • Staples quarterly sales fall 3.7 percent Friday, 6 Mar 2015 | 6:19 AM ET

    March 6- Office supply retailer Staples Inc reported a 3.7 percent fall in quarterly sales, hurt by a strong dollar and weak demand for computers and related accessories. Staples posted a net loss attributable to the company of $260.4 million, or 41 cents per share, including a pre-tax charge of $410 million for the impairment of goodwill in its international...

  • UPDATE 1-Starboard says Staples needs to "improve" board Wednesday, 4 Mar 2015 | 10:49 AM ET

    March 4- Activist investor Starboard Value LP asked office supplies retailer Staples Inc to "improve" the composition of its board to complete the acquisition of Office Depot Inc and fully integrate its smaller rival. Office Depot's shares were slightly down at $9.42. The hedge fund's founder and Chief Executive Jeffrey Smith in January pushed Staples to...

  • Starboard says Staples needs to "improve" board Wednesday, 4 Mar 2015 | 9:58 AM ET

    March 4- Activist investor Starboard Value LP asked office supplies retailer Staples Inc to "improve" the composition of its board to complete the acquisition of Office Depot Inc and fully integrate its smaller rival. Starboard, which did not suggest any candidate for the board in a letter to Staples on Wednesday, said the combined company could be worth $32- $37...

  • Yellen held onto shares of ConocoPhillips and Phillips 66 last year despite steep slides in the companies' stock prices triggered by the oil price slump, according to her 2014 financial disclosure statement. In 2014, Yellen's ConocoPhillips shares were valued at $50,000 to $100,000 and her Phillips 66 shares at $15,000 to $50,000. ConocoPhillips' stock...

  • Waiting for Yellen Q&A, but QE helping elsewhere Tuesday, 24 Feb 2015 | 10:21 AM ET
    The Federal Reserve building in Washington.

    As investors await word on U.S. interest rate increases, quantitative easing certainly seems to be helping stock markets in Europe and Japan.