GO
Loading...

Office Depot Inc

More

  • Starboard pushes on board changes at Staples after deal Wednesday, 4 Mar 2015 | 12:06 PM ET

    NEW YORK— Activist investor Starboard is recommending that Staples improve the makeup of its board to help ensure its approximately $6 billion acquisition of Office Depot pays off. Staples, the nation's largest "big box" office supply chain, announced last month that it's spending about $6 billion to buy its second-ranked rival, Office Depot Inc. In January...

  • 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...

  • Most active Nasdaq-traded stocks Tuesday, 24 Feb 2015 | 1:17 PM ET

    Apple Inc. fell. 6 percent to $132.17 with 67,034,000 shares traded. Biocept Inc. rose 54.1 percent to $3.39 with 33,310,800 shares traded. Comcast Corp. rose 1.6 percent to $59.17 with 19,817,100 shares traded.

  • Office Depot reports 4Q loss Tuesday, 24 Feb 2015 | 11:58 AM ET

    BOCA RATON, Fla. _ Office Depot Inc. on Tuesday reported a loss of $84 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Office Depot shares have increased 10 percent since the beginning of the year.

  • 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.

  • 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...

  • BOCA RATON, Fla.— Office Depot, which is being acquired by Staples in a $6 billion deal, reported Tuesday that its fiscal fourth-quarter loss narrowed as sales improved. The office supplies company lost $84 million, or 15 cents per share, for the period ended Dec. 27. Office Depot Inc. had a fiscal 2014 adjusted profit of 22 cents per share on revenue of $16.1 billion.

  • 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...

  • 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...

  • *Staples' shares fall over 10 pct, Office Depot's rise 1.5 pct. Feb 4- Staples Inc, the No. 1 U.S. office supplies retailer, agreed to buy No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc.. "The same factors that the FTC cited in the Office Depot/ OfficeMax deal are present here,"...

  • Staples co-founder expects nasty legal skirmish  Wednesday, 4 Feb 2015 | 10:13 AM ET

    Staples is agreeing to acquire Office Depot for $6.3 billion in a cash and stock deal. Staples co-founder and former Chairman and CEO Tom Stemberg, discusses the likelihood of antitrust scrutiny for the deal.

  • Staples to buy rival to create office-supply giant Wednesday, 4 Feb 2015 | 9:22 AM ET
    Staples and Office Depot stores

    Staples to buy competitor Office Depot in deal that would create an office-supply giant, Reuters reports.

  • Feb 4- Staples Inc, the No. 1 U.S. office supplies retailer, agreed to buy No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc.. The deal, which will likely come under close scrutiny from antitrust regulators, values Office Depot at $11.00 per share, based on Staples' closing...

  • Early movers: ODP, SPLS, GM, MRK, ADP & more Wednesday, 4 Feb 2015 | 8:06 AM ET
    A trader works on the floor of the New York Stock Exchange, Oct. 31, 2014.

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

  • US STOCKS-Futures dip after 2-day run; ADP data on tap Wednesday, 4 Feb 2015 | 7:43 AM ET

    NEW YORK, Feb 4- U.S. stock index futures dipped on Wednesday, after a two-day rally for the S&P 500 ahead of data on the labor market and the services sector. *Investors will eye the January private-sector employment report from payrolls processor ADP at 8:15 a.m. for signs of continuing improvement in the labor market. *Later in the session at 9:45 a.m., financial...

  • Feb 4- Staples Inc, the No. 1 U.S. office supplier, agreed to buy nearest rival Office Depot Inc in a $6.3 billion cash-and-stock deal to better compete against online and big-box retailers. Staples said it would pay $7.25 per share in cash and 0.2188 of its shares for each Office Depot share. The offer, which is likely to face close antitrust scrutiny, values Office...