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Staples Inc

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  • 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...

  • Wal-Mart wage hike seen pressuring Target, fast-food Thursday, 19 Feb 2015 | 8:40 PM ET

    Feb 19- Wal-Mart Stores Inc's wage hike will likely trigger a rethink on pay across the retail and fast-food sectors, with Target Corp one of the low-wage employers facing pressure to follow suit and pay workers more. Wal-Mart announced on Thursday it would lift its minimum U.S. wage to $9 an hour this year and $10 in 2016, raising the ante in a tightening labor...

  • 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...

  • Thanks, Obamacare? Staples cracks down on hours Tuesday, 10 Feb 2015 | 10:45 AM ET

    Some Staples managers have threatened to fire part-time workers if they spend 25 hours per week on the job, which some believe is linked to Obamacare.

  • Is a strong US dollar good for retail?  Thursday, 5 Feb 2015 | 5:20 AM ET

    How does a stronger U.S. dollar affect retail sales? Stacey Widlitz, retail analyst at CNBC, discusses currency moves and consumers.

  • 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...

  • Former Office Depot CEO likes deal  Wednesday, 4 Feb 2015 | 2:13 PM ET

    Steve Odland, former Office Depot chairman and CEO, shares his enthusiasm for the $6.3 billion deal between Office Depot and Staples.

  • *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,"...

  • Signs of bottoms, but watch earnings revisions Wednesday, 4 Feb 2015 | 10:18 AM ET
    Trader on the floor of the New York Stock Exchange.

    Commodity prices and bond yields might be finding a floor, but falling earnings estimates create concerns for Q1.

  • 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.

  • 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...

  • Staples to buy Office Depot for $6.3 bln Wednesday, 4 Feb 2015 | 7:08 AM ET

    Feb 4- Staples Inc, the No. 1 U.S. office supplier, said it would buy its nearest rival Office Depot Inc in a $6.3 billion cash-and-stock deal.

  • *Staples, Office Depot in advanced merger talks- WSJ. NEW YORK, Feb 3- U.S. stocks jumped more than 1 percent on Tuesday, led by energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance. Merger activity also helped, with shares of Office Depot jumping 21.6 percent to $9.28 after the Wall Street...