NEW YORK, March 6- The Dow set another intraday record high on Wednesday on signs of improvement in the U.S. labor market, but trimmed its gains at midday as the broader market fell on investors' caution that the rally may soon run its course. "There is still a lot more cash to be put into equities," said JJ Kinahan, chief derivatives strategist at TD Ameritrade, in Chicago.
*Housing shares drop after Toll Bros results. NEW YORK, Feb 20- U.S. stocks fell the most in three months and a key gauge of market volatility spiked on Wednesday after minutes from the U.S. When it says we may end it faster, that just raises the uncertainty, and the market hates that, "said Todd Schoenberger, managing partner at LandColt Capital in New York.
*Office Depot shares plunge, slashing deal's value. Feb 20- Office Depot Inc will acquire smaller rival OfficeMax Inc in a $976 million all-stock deal, the companies said on Wednesday, confirming an agreement inadvertently announced earlier in the day, before it was completed. Office Depot shares plunged 17 percent, dragging down the value of the deal.
Feb 20- Office Depot Inc will acquire smaller rival OfficeMax Inc in a $1.2 billion all-stock deal, the companies said on Wednesday, confirming an agreement inadvertently announced earlier in the day, before it was completed. Office Depot shares plunged 18 percent, dragging down the value of the deal.
*Housing shares drop after Toll Bros results. *Office Depot and OfficeMax confirm merger, Staples slumps. When it says we may end it faster, that just raises the uncertainty and the market hates that, "said Todd Schoenberger, managing partner at Landcolt Capital in New York.
*Housing shares drop after Toll Bros results. *Office Depot and OfficeMax confirm merger, Staples slumps. *Boeing rallies after Reuters report on battery issue.
Feb 20- Office Depot Inc and smaller rival OfficeMax Inc will combine in a $1.2 billion all-stock deal, the companies said on Wednesday, confirming an agreement inadvertently announced earlier in the day before it was completed.
Feb 20- Office Depot Inc said on Wednesday that it had reached a deal to buy smaller rival OfficeMax Inc for $1.17 billion in stock to get more clout with suppliers and better compete against Staples Inc and Amazon.com Inc.. Office Depot will issue 2.69 new shares of common stock for each outstanding common share of OfficeMax.
NEW YORK, Feb 20- U.S. stock index futures edged lower on Wednesday, ahead of data on the housing market and inflation, as well as minutes from the Federal Open Market Committee's January meeting. Housing starts and permits for January along with the January producer price index are due at 8:30 a.m..
Feb 20- Office Depot Inc said on Wednesday it had reached a definitive deal to buy smaller rival OfficeMax Inc in a bid to get more clout with suppliers and better compete against rival Staples Inc..
Feb 20- Office Depot Inc will acquire smaller rival OfficeMax Inc in a $1.2 billion all-stock deal, the companies said on Wednesday, confirming an agreement inadvertently announced earlier in the day, before it was completed.
*Office Depot, OfficeMax confirm merger. NEW YORK, Feb 20- U.S. stocks dipped on Wednesday, with energy shares falling as investors found few reasons to buy following a rally that has held major indexes near five-year highs for three weeks. Certainly it sparks concern, "said Michael James, senior trader at Wedbush Morgan in Los Angeles.
WASHINGTON/ NEW YORK, Feb 19- Antitrust experts said on Tuesday there were no guarantees that a deal to merge Office Depot Inc, the No. 2 U.S. office supply retailer, with smaller rival OfficeMax Inc would win government approval. The possible combination raises the ghost of a famous antitrust case- the proposed deal to merge Staples with Office Depot.