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Office Depot Inc

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  • *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.

  • 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.

  • Feb 24- Office Depot Inc said it expected sales to fall this year, mainly due to weak demand for office supplies and a stronger dollar. Office Depot's North America retail sales fell 7 percent in the fourth quarter, including the acquisition of OfficeMax. Staples said earlier this month that it would acquire Office Depot to better compete with online retailers.

  • Early movers: HD, CMCSA, TOL, ODP, JPM & more Tuesday, 24 Feb 2015 | 8:15 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.

  • Feb 24- Office supply retailer Office Depot Inc said it expected sales to fall this year due to challenging market conditions and a stronger dollar. Office Depot's North America retail sales fell 7 percent in the fourth quarter, including the acquisition of OfficeMax. This price gap is expected to hurt North America retail same-store sales at both Staples and...

  • Office Depot's quarterly sales rise 10 pct Tuesday, 24 Feb 2015 | 7:02 AM ET

    Feb 24- Office supply retailer Office Depot Inc's quarterly sales rose nearly 10 percent, helped by the acquisition of OfficeMax. The net loss attributable to Office Depot's shareholders narrowed to $84 million, or 15 cents per share, in the fourth quarter ended Dec. 27 from $144 million, or 34 cents per share, a year earlier. Office Depot and Staples Inc said earlier...

  • Forget Buffett. Follow these top investors Wednesday, 18 Feb 2015 | 12:46 PM ET
    Jeffrey Smith, Starboard Value

    CNBC.com found the best performing investors you probably have never heard of, but are beating the market these days. Here are their top picks.

  • President Barack Obama singled out office supply giant Staples Inc as undercutting his healthcare reform law and said large corporations should not use the health insurance issue as an excuse for cutting wages, the news website BuzzFeed reported. Staples CEO Ronald Sargent brought home $10.8 million in total compensation in 2013. The company reported net...

  • President Barack Obama singled out office supply giant Staples Inc as undercutting his healthcare reform law and said large corporations should not use the health insurance issue as an excuse for cutting wages, the news website BuzzFeed reported. Staples CEO Ronald Sargent brought home $10.8 million in total compensation in 2013. The company reported net...

  • Feb 4- Staples Inc and Office Depot should find the second time is a charm as the top two U.S. office supply chains once again test the views of antitrust regulators in the rapidly changing retail landscape, experts said on Wednesday. Staples, the No. 1 U.S. office supplies retailer, and No. 2 Office Depot Inc announced on Wednesday a $6.3 billion plan to join forces to...