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Office Depot Inc

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  • Starboard urges Staples to combine with Office Depot Tuesday, 20 Jan 2015 | 1:06 PM ET

    In a letter to Staples CEO Ronald Sargent and the office supply company's board, Starboard said that it wants Staples to immediately hire an investment bank and legal advisers to help the board evaluate, structure and execute a transaction with Office Depot, which is based in Boca Raton, Florida. The hedge fund said that if Staples doesn't combine with Office...

  • Jan 20- Activist investor Starboard Value LP called for office-supply chains Staples Inc and Office Depot Inc to merge, saying a combined company would lead to greater savings. The hedge fund owned a 5.1 percent stake in Staples, as of last month, and it boosted its holdings in Office Depot to nearly 10 percent. A merger will result in synergies of at least $2 billion,...

  • Starboard asks Staples to merge with Office Depot Tuesday, 20 Jan 2015 | 10:09 AM ET

    Jan 20- Activist investor Starboard Value LP called for office-supply chains Staples Inc and Office Depot Inc to merge, saying it would lead to greater savings. A merger will result in synergies of at least $2 billion, which would more than double operating profits, and the two chains will be more efficient at closing stores when combined, Starboard said in a...

  • SAN FRANCISCO, Dec 29- Major U.S. retailers including Target Corp and Toys' R Us have begun allowing shoppers to collect online purchases at their brick-and-mortar stores, but a study shows the option often saves little, if any, time over in-store shopping. It comes in response to competition from the No. 1 U.S. online retailer, Amazon.com Inc, which has streamlined...

  • *Starboard Value takes stakes in Office Depot, Staples. Retailers were among the day's biggest percentage gainers on the S&P 500, including Urban Outfitters, up 7.6 percent at $32.29. "It suggests overall spending is going to do well," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

  • *Starboard Value takes stakes in Office Depot, Staples. Retailers were among the day's biggest percentage gainers on the S&P 500, including Urban Outfitters, up 7.6 percent at $32.29. "It suggests overall spending is going to do well," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

  • RPT-BUSINESS-NEWS-SCHEDULE AT 1930 GMT /2:30 PM ET Thursday, 11 Dec 2014 | 4:11 PM ET

    Editor: Steve Orlofsky+ 1 646 223 6200. WASHINGTON- U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy. WASHINGTON- Jack Reed, a Mississippi clothing retailer, says the economic recovery is taking hold for his family business as...

  • *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks bounced back on Thursday, with the S&P 500 surging more than 1 percent, as data pointed to a strengthening U.S. economy and boosted optimism about holiday spending. "It suggests overall spending is going to do well, and today's rally confirms the resumption of a year-end rally which...

  • *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks bounced back on Thursday, with all three major indexes surging more than 1 percent, as data pointed to a strengthening U.S. economy and boosted optimism about holiday spending. "It suggests overall spending is going to do well, and today's rally confirms the resumption of a year-end...

  • Dec 11- Activist investor Starboard Value wants to merge office-supply chains Staples Inc and Office Depot Inc, CNBC reported, citing people familiar with the matter. Starboard, known for its aggressive shareholder activism, disclosed a 5.1 percent stake in Staples and boosted its holdings in Office Depot to nearly 10 percent, regulatory filings showed on...

  • At 30, Cisco sees double-digit growth ahead again Thursday, 11 Dec 2014 | 11:40 AM ET
    Cisco Systems Inc. Chairman and CEO John Chambers

    Cisco's Chuck Robbins says with good execution and a little luck, the networking giant can return to double-digit growth.

  • US STOCKS-Wall St rallies on data after three-day slump Thursday, 11 Dec 2014 | 11:15 AM ET

    *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks rose on Thursday, bouncing sharply from a three-day drop, as data pointed to a strengthening economy that could weather the impact of a steep drop in oil prices. said Sean McCarthy, regional CIO for Wells Fargo Private Bank in Scottsdale, Arizona.

  • US STOCKS-Wall St bounces on retail sales boost Thursday, 11 Dec 2014 | 9:56 AM ET

    *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks rose on Thursday, bouncing sharply from a three-day drop as data pointed to a strengthening economy that appeared likely to weather the impact of a steep drop in oil prices. said Sean McCarthy, regional CIO for Wells Fargo Private Bank in Scottsdale, Arziona.

  • US STOCKS-Wall St to open higher on retail sales lift Thursday, 11 Dec 2014 | 9:11 AM ET

    *Starboard Value takes stakes in Office Depot, Staples. NEW YORK, Dec 11- U.S. stocks were poised for a higher open on Thursday after a three-day drop for the S&P 500 as data pointed to a strengthening economy that appeared likely to overcome the impact of a steep drop in oil prices. said Sean McCarthy, regional CIO for Wells Fargo Private Bank in Scottsdale, Arziona.

  • *Brent crude inches above $65 a barrel. *Starboard Value takes stakes in Office Depot, Staples. *Brent crude managed to climb back above the $65 mark but remained near five-year lows while U.S. crude rose 1.1 percent to $61.60.

  • Early Movers: LULU, RSH, SPLS, WAG, LC & more Thursday, 11 Dec 2014 | 7:59 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.

  • US STOCKS-Futures up as oil bounces; ream of data due Thursday, 11 Dec 2014 | 7:38 AM ET

    *Brent crude inches above $65 a barrel. *Starboard Value takes stakes in Office Depot, Staples. *Brent crude managed to climb back above the $65 mark but remained near five-year lows while U.S. crude rose 1.1 percent to $61.60.

  • Cheat sheet: Retailers' Black Friday openings Wednesday, 26 Nov 2014 | 5:00 AM ET
    A Black Friday sign outside an H&M store in New York.

    Still figuring out your Black Friday battle plan? This road map of store openings can help.

  • Nov 19- Staples Inc reported higher-than-expected quarterly sales and profit as business customers in North America bought more furniture, breakroom products such as coffee machines and core office supplies like stationery. Sales in Staples' North America commercial unit, which sells products to businesses through contracts, rose 3.3 percent in the third...

  • Black Friday 'deals' not so hot after all: Study Tuesday, 18 Nov 2014 | 8:01 AM ET
    A customer checks out at a Best Buy in Peoria, Illinois.

    Shoppers expect incredible bargains when they line up outside stores in the middle of the night after Thanksgiving. They may be disappointed.