Staples Inc
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U.S. stock market futures indicated a higher opening on Wednesday, ahead of a closely-watched speech by Fed Chair Ben Bernanke.
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Stocks tumbled after General Motors and Ford reported sharp drops in May sales. Prior to the news, it was a yo-yo session as a $2 drop in oil prices dragged on energy stocks and concerns lingered about financials. The market popped several times after some good news, including a jump in factory orders, GM's restructuring plan and comments from Federal Reserve Chairman Ben Bernanke, but gains quickly fizzled.
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U.S. office supplies retailer Staples raised its all-cash bid for Dutch business products group Corporate Express for the second time to 1.7 billion euros ($2.65 billion) on Tuesday.
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Stocks opened higher after Federal Reserve Chairman Ben Bernanke gave further indication that the central bank was comfortable with current interest rates and General Motors announced a restructuring plan that will close four North American plants.
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U.S. stock index futures edged higher after General Motors said it would stop production at a truck plant in Canada and three others in North America.
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Dell up 8 percent pre-open on a stronger than expected report. But oil is up, bonds are reversing their recent decline, and other metals like gold and copper are up slightly today, though a modest dollar rally continues.
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Nearly 2.1 billion shares and $34 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
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Stocks held onto modest gains, boosted by an an unexpected drop in jobless claims and merger buzz in the utility sector. Oil was a bargain around $132, after earlier surpassing $135 a barrel.
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Stocks held onto modest gains, boosted by an an unexpected drop in jobless claims and merger buzz in the utility sector. Oil was a bargain around $132, after earlier surpassing $135 a barrel.
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Stocks held onto modest gains, boosted by an an unexpected drop in jobless claims and merger buzz in the utility sector. Oil was a bargain around $132, after earlier surpassing $135 a barrel.
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Stocks opened flat after an unexpected drop in jobless claims and a pullback in oil prices, which earlier topped $135 a barrel. A separate report showed the largest decline in housing prices on record.
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Nearly 2.1 billion shares and $43 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
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Corporate Express, a Dutch office supplier fighting off a hostile bid from U.S. rival Staples, has agreed to buy French rival Lyreco for 1.39 billion euros ($2.16 billion) in cash and equity.
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Stocks finished near session lows as oil prices soared and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
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Stocks tumbled Tuesday as oil prices blew past $129 a barrel and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
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Shares in Dutch office goods supplier Corporate Express slipped on Tuesday after U.S. office supplies retailer Staples launched a hostile 1.5 billion euro ($2.3 billion) bid for the firm.
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Few, if any, signs of improvement here. Saks and Staples expect the U.S. economy to remain weak for the rest of 2008.
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Stocks tumbled Tuesday after a measure of wholesale inflation rose more than expected, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
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Futures dropped a bit as core PPI for April was a stronger than expected. Elsewhere: 1) Home Depot beat estimates, reporting earnings of $0.41 (14 percent below last year's $0.48), vs. consensus estimates of $0.37. Despite the apparent beat, the stock is down 3 percent:
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Nearly 3.2 billion shares traded yesterday in CNBC's Million Dollar Portfolio Challenge. Portfolio values are now up to a combined $67 billion. Here are the bets being made today...
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Staples, the No. 1 office supplies retailer, reported a higher quarterly profit Tuesday that matched Wall Street's expectations, due in part to strong sales in international markets.