While retailers are offering deep discounts on summer inventory, there are fewer bargains to be found with in-season items.» Read More
NEW YORK— Office Depot said Wednesday that Jeffrey Smith resigned from its board of directors. Smith is the CEO and chief investment officer of Starboard Value LP, and he was elected to the company's board in 2013 as part of a struggle over Office Depot's direction.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Delta Air Lines Inc., down $2.11 to $38.82. The oil company reached a $346 million deal to buy oil assets in Saskatchewan and Manitoba from Lightstream Resources Ltd..
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AK Steel Holding Corp. fell 6.4 percent to $10.01 with 18,740,100 shares traded. Bank of America Corp. fell. 7 percent to $16.10 with 54,436,300 shares traded.
NEW YORK— Darden Restaurants offered more concessions to activist investor Starboard Value on Tuesday in a fight for control of the Olive Garden parent. Darden Restaurants Inc., the owner of restaurant chains such as Olive Garden, Bahama Breeze and LongHorn Steakhouse, offered to let Starboard select three directors with the company's support in July.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Castlight Health Inc. rose 12.5 percent to $13.40. GP Strategies Corp. rose 8.4 percent to $27.35.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Bank of America Corp. rose 1.1 percent to $16.27 with 57,865,100 shares traded. Ford Motor Co. rose 1.1 percent to $17.60 with 18,135,600 shares traded.
Aug 20- Staples Inc warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink, toner and paper in North America amid stiff competition from online retailers and big-box chains.
Aug 20- Staples Inc reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.
Aug 20- Staples Inc warned that its sales could fall in the current quarter as it sells fewer computers and core office supplies such as ink and toner in North America amid stiff competition from online retailers and big-box chains.
Aug 5- Office Depot Inc warned of weak sales this year as stiff competition from online and mass retailers erodes sales in its North American retail business. Office Depot and Staples Inc have seen their U.S. sales decline as online retailers such as Amazon.com and mass retailers like Wal-Mart Stores Inc attract shoppers with lower-priced offerings.
*China services sector growth at near nine-year low. NEW YORK, Aug 5- U.S. stocks were set to fall at the open Tuesday weighed by earnings such as Target's, and as growth in China's service sector slowed to a nine-year low in July, stoking worries over the health of the world's second-biggest economy.
Aug 5- Office supply retailer Office Depot Inc raised its full-year adjusted operating income forecast, saying cost savings from the closure of some U.S. stores were expected to be higher than previously anticipated. Office Depot's sales jumped nearly 59 percent in the second quarter ended June 28, helped by the acquisition of smaller rival OfficeMax.
Aug 5- Office Depot Inc reported a bigger quarterly loss as costs soared 58 percent and retail same-store sales fell 3 percent in North America, its largest market. Net loss attributable to shareholders widened to $190 million, or 36 cents per share, in the second quarter ended June 28 from $64 million, or 23 cents per share, a year earlier.
Some of the names on the move ahead of the open.
Staples forecast a decline in sales in the current quarter as it struggles to win back shoppers who have shifted office supply purchases to e-retailers, mass merchants and drugstores.
May 20- Staples Inc forecast a decline in sales in the current quarter as it struggles to win back shoppers who have shifted office supply purchases to e-retailers, mass merchants and drugstores.
Some of Wednesday's midday movers:
Stocks fell Tuesday after American International Group reported a decline in profit.
NEW YORK, May 6- U.S. stocks fell broadly on Tuesday, closing at session lows, with AIG pulling financial shares lower after disappointing earnings and as a slide in Twitter took down other names in the technology and internet space.
*Office Depot to close 400 U.S. stores; shares up 17 pct. NEW YORK, May 6- U.S. stocks fell on Tuesday as AIG weighed on financial shares after disappointing earnings and a slide in Twitter took down other names in the technology and internet spaces.