Activist investor Starboard Value wants to merge rival office-supply chains Staples and Office Depot, according to people familiar with the matter.» Read More
Nov 4- Office supply retailer Office Depot's quarterly profit and sales beat market estimates, driven by cost cutting initiatives and higher-than-expected savings from the acquisition of OfficeMax Inc.. Office Depot said on Tuesday that it still expects 2014 sales to be lower than 2013, while Staples warned in August that third-quarter sales could fall as...
Some of the names on the move ahead of the open.
NEW YORK, Nov 4- Alibaba Group Holding was by far the most active stock of Tuesday's premarket session, with almost 2 million shares changing hands after the Chinese e-commerce giant reported its first quarterly results as a public company. Alibaba posted revenue growth of 53.7 percent. Office Depot Inc climbed 13 percent to $5.75 before the bell after the...
Nov 4- Office supply retailer Office Depot Inc reported its first quarterly profit after three quarters of losses, and raised its full-year adjusted operating income forecast. Net income attributable to common shareholders was $29 million, or 5 cents per share, for the third quarter ended Sept. 27, compared with $133 million, or 41 cents per share, a year earlier,...
Wal-Mart joins the likes of Amazon, Office Depot and OfficeMax, which are also launching their first holiday deals over the weekend
Amazon will launch its first Black Friday specials before some partygoers have taken off their Halloween costumes.
Oct 16- Office Depot Inc said it would eliminate about 1,100 jobs in Europe as part of a restructuring plan in the region. The company had 64,000 employees worldwide as of Jan. 25. The office supply retailer said it expects the restructuring to reduce annual costs by about $90 million by the end of 2016..
Oct 14- Darden Restaurants Inc on Tuesday announced new leadership following a board coup by activist investor Starboard Value LP, whose recipe for fixing the company's ailing Olive Garden chain included salting pasta water, doling out fewer free breadsticks and pushing more wine. For now, though, diners should expect business as usual at Darden's...
Oct 14- Darden Restaurants Inc named Chief Operating Officer Gene Lee as its interim chief executive, barely a week after activist shareholder Starboard Value LP won its standoff with the company and convinced shareholders to replace the entire board of directors. He has previously led a similar search for office products retailer Office Depot Inc, and is...
Traders might want to watch stocks like Facebook or Staples that historically have big pops and drops following their earnings reports.
-Michael Barnes, Darden director since 2012. Chief Executive Officer of Signet Jewelers Ltd.- Christopher Fraleigh, Darden director since 2008. Chairman and CEO of Shearer's Foods Inc.- Michael Rose, Darden director since 1995. Chairman of Midaro Investments Inc.- Maria Sastre, Darden director since 1998. President and chief operating officer of Signature...
Jim Cramer has a message for executives at Staples. He has a plan that could do wonders for the company.
While retailers are offering deep discounts on summer inventory, there are fewer bargains to be found with in-season items.
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.
Often, consumers will end up losing more money on a private-label retail card than the average credit card, according to a report.
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.