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Staples Inc

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  • Staples agrees to amend bylaws on director nominations Wednesday, 11 Mar 2015 | 12:47 PM ET

    March 11- Staples Inc has agreed to a proposal to allow shareholders who have held a stake of at least 3 percent for three years to nominate directors, bowing to pressure from the New York City comptroller and the city's public pension funds. Exxon Mobil Corp and three other large energy companies last month failed to block shareholder resolutions on director...

  • Traders work on the floor of the New York Stock Exchange, March 5, 2015.

    U.S. stocks closed down more than 1 percent as investors weighed a jobs report that indicated a rate hike could come sooner rather than later.

  • March 6- Staples Inc reported its eighth straight decline in quarterly sales, highlighting the company's need to seal its deal to buy Office Depot Inc as competition in the office supplies market intensifies. Staples struck a deal in February to buy Office Depot for $6.3 billion to better compete against Wal-Mart Stores Inc and Amazon.com Inc, which have been...

  • Futures lower on US jobs report Friday, 6 Mar 2015 | 8:58 AM ET
    Traders work on the floor of the New York Stock Exchange in New York City.

    U.S. stock index futures signaled a lower open on Friday after fluctuating as investors digested February's employment report.

  • Staples sales miss on weak demand, strong dollar Friday, 6 Mar 2015 | 7:57 AM ET
    Staples store

    Staples reported lower-than-expected fourth-quarter sales, hurt by a strong dollar and weak demand for computers and related accessories.

  • Early movers: BIG, SPLS, FL, MGM, WYNN & more Friday, 6 Mar 2015 | 7:50 AM ET
    Trader on the floor of the New York Stock Exchange.

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

  • The outlook excludes costs related to the company's $6.3 billion acquisition of smaller rival Office Depot Inc, which is being examined by the U.S. Federal Trade Commission. The anti-trust watchdog is widely expected to approve the deal, which would leave the United States with a single specialty office-supplies retailer to compete with big-box chains such...

  • Staples quarterly sales fall 3.7 percent Friday, 6 Mar 2015 | 6:19 AM ET

    March 6- Office supply retailer Staples Inc reported a 3.7 percent fall in quarterly sales, hurt by a strong dollar and weak demand for computers and related accessories. Staples posted a net loss attributable to the company of $260.4 million, or 41 cents per share, including a pre-tax charge of $410 million for the impairment of goodwill in its international...

  • 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...

  • 19 stocks that will take Nasdaq to 6,000 Tuesday, 3 Mar 2015 | 8:41 AM ET
    Amazon's Jeff Bezos

    If the bullish trend remains intact, here are the stocks that could lift the Nasdaq to 6,000.

  • What's Team Obama's beef with beef? Tuesday, 24 Feb 2015 | 12:14 PM ET
    Beef cattle from Peine Farms in Cannon Falls, MN.

    The Obama administration is telling people to cut back on beef because the cattle industry hurts the environment. Why?

  • 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...

  • 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...

  • Forget Buffett. Follow these top investors Wednesday, 18 Feb 2015 | 12:46 PM ET
    Jeffrey Smith, Starboard Value

    CNBC.com found the best performing investors you probably have never heard of, but are beating the market these days. Here are their top picks.

  • The Street's favorite S&P 500 stocks for 2015 Friday, 13 Feb 2015 | 3:52 PM ET
    A Nabors Industries floor hand uses a towel to wipe drilling fluid from a section of pipe on a crude oil rig outside New Town, N.D.

    Wall Street believes many oil stocks will emerge from their funk this year, according to a report from Birinyi Associates.

  • Does Obama have the right to 'shame' Staples? Wednesday, 11 Feb 2015 | 10:22 AM ET
    Staples store

    President Obama criticized Staples for cutting worker hours and avoid Obamacare costs...but did he have the right to scrutinize the company?

  • 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...