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Office Depot Inc

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  • Starboard pushes for Staples-Office Depot merger Tuesday, 20 Jan 2015 | 1:33 PM ET
    Staples store

    Activist investor Starboard Value has written a letter to Staples urging it to merge with rival Office Depot.

  • Midday movers: Teva, Outerwall, Tiffany & more Tuesday, 20 Jan 2015 | 1:16 PM ET

    Some of Tuesday's midday movers:

  • 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 wants Staples, Office Depot merger: Sources Thursday, 11 Dec 2014 | 1:49 PM ET
    Staples store

    Activist investor Starboard Value wants to merge rival office-supply chains Staples and Office Depot, according to people familiar with the matter.

  • *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...

  • Traders got in on Office Depot early Thursday, 11 Dec 2014 | 12:23 PM ET
    Officemax.jpg

    Shares of Office Depot surged on Thursday, after Starboard Value took a stake in the company. But options traders knew something good was coming.

  • 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.