Some of the names on the move ahead of the open.» Read More
Some of the names on the move ahead of the open.
*Staples, Office Depot in advanced merger talks- WSJ. NEW YORK, Feb 3- U.S. stock index futures climbed on Tuesday, with the benchmark S&P 500 index set to continue a rally fueled by hopes of a deal on Greek debt. A source told Reuters that Greek Finance Minister Yanis Varoufakis, in London to reassure private investors he was not seeking a showdown with Brussels over a...
Office-supply chains Staples and Office Depot are in advanced talks to merge, the Wall Street Journal reported.
Feb 3- Office-supply chains Staples Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal reported, citing people familiar with the matter. Staples has a market value of about $11 billion, while Office Depot has a market value of about $4.1 billion. Office Depot and Staples were not immediately available for comment outside regular U.S....
Massachusetts vs. Washington, home states of the two Super Bowl teams. Which state has the better economy and quality of life?
Activist investor Starboard Value has written a letter to Staples urging it to merge with rival Office Depot.
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,...
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...
Some of Friday's midday movers:
Some stores are making it easier to return or exchange gifts by offering longer return periods, and there are even apps to do it.
In 2013, some 2 million express packages were left stranded on Christmas Eve, according to shipment-tracking software developer ShipMatrix Inc. The reasons given were, in part, a surge in demand triggered by last-minute online promotions and bad weather. The four retailers with the most aggressive cutoff date of Dec. 23- Apple Inc, Dell Inc, Nordstrom Inc and...
Santa's sleigh delivered more on-time packages this Christmas, though a few retailers still broke their delivery promise.
Stocks mostly rose Monday, with the S&P gaining after its best week in nearly two months.
MasterCard's North American president says microchips will be embedded in about half the credit cards in 2015 to protect against fraud.
Companies making headlines before the bell Monday.
Dec 19- Office equipment supplier Staples Inc said the investigation of a data security breach showed that malware may have affected about 1.16 million payment cards. The breach at 115 of the company's 1,400 stores was announced in October. Staples said it has since eradicated the malware.
Staples confirmed on Friday a data breach that may have affected up to 1.2 million cards.
Dozens more companies—including big banks, retailers and start-ups—have begun to adopt Apple's mobile payments platform, The New York Times reports.
*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.