Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Stocks in Asia traded lower on Thursday morning. Australia's jobs data showed the net number of jobs created was far below expectations.Asia Marketsread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Staples, the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015.
Staples' shares fell 9 percent before the bell, after the company also posted lower-than-expected fourth-quarter results and forecast current-quarter profit below analysts' estimates.
The company operates 1,515 stores in the United States and 331 stores in Canada.
(Read more: A 'tsunami' of store closings seen hitting retail)
Staples said it had initiated a multiyear cost reduction plan that was expected to generate annualized pretax cost savings of about $500 million by 2015.
Rival Office Depot said last week that it expected sales to continue falling in 2014, after reporting a surprise quarterly loss.
Staples has been shifting its focus to new categories such as tablets, breakroom supplies and copy and print services from traditional office supplies such as paper and toner.
(Read more: Wal-Mart ups the ante on its big bet to go small)
It has also increased the number of items it sells online.
The company forecast earnings of 17 cents to 22 cents per share for the first quarter.
Analysts on average were expecting 27 cents per share, according to Thomson Reuters I/B/E/S.
Staples' revenue fell 10.6 percent to $5.87 billion in the fourth quarter ended Feb. 1, below the average analyst estimate of $5.97 billion.
Excluding the impact of an extra week in the year-earlier quarter, sales declined 4 percent.
(Read more: Consumers are shopping a new way—What it means)
Same-store sales in North America, excluding sales through Staples.com, fell 7 percent as Staples sold fewer business machines, technology accessories, office supplies and computers.
Revenue at the company's international division fell 13 percent, hurt by weakness in Europe and Australia.
Net income from continuing operations rose to $212 million, or 33 cents per share, from $90 million, or 14 cents per share, a year earlier.
(Read more: RadioShack to close 1,100 stores)
Staples earned 33 cents per share from continuing operations, excluding items. Analysts on average had expected 39 cents per share.
The company's shares closed at $13.40 on the Nasdaq on Wednesday. (Click here to get the latest quotes.)