From the Facebook's new site redesign to Pandora explaining why it's capping usage, there will be plenty of news moving the markets in the coming days. Let's go over some of the items that will help shape the week that lies ahead on Wall Street.
It's been a hectic week in the world of business, from a Office Depot prematurely announcing a big merger to analysts raising their price targets on Google, to Burger King getting hacked. Here's a rundown of this week's biggest wins and losses.
Office Depot said Wednesday it will buy OfficeMax in an all-stock deal that would transform office-supply retail sector. The companies said holders of OfficeMax shares will receive 2.69 shares of Office Depot for every OfficeMax share they own. That's equal to about $13.50 per share.
Reports that retailers Office Depot and OfficeMax are discussing a merger came after big corporate deals for Heinz and Dell were announced in recent weeks. Some investors are betting that more deals could be on the way as buyers pay premium prices for publicly traded companies.
Shares of office supply stores Office Depot and OfficeMax soared Tuesday on the strength of merger talks. But what's good for Wall Street may not be good for the stores' customers.
It happened to Borders. It happened to Circuit City. Don't be surprised if it happens to one of the three major office supply stores before long. Here's why.
It once seemed that Staples and other office supply stores were largely immune from Amazon's competition, with local advantages that the online superstore couldn't match. Now, however, Staples finds itself putting together a battle plan against Bezos & Co.
Ready or not, it's time for back-to-school season. Like the Christmas shopping season, it seems to begin earlier every year, and you have to play the game if you want to catch the sales. Or do you? Personal finance guru Jean Chatzky has some surprising advice for parents.
Let's go over some of the items that will help shape the Wall Street week that lies ahead: A host of retailers are reporting earnings; we'll see how Disney's 24 Leap Day event plays out; a test for homemade soda; and a wake-up call for DreamWorks.
The holidays are a time to give, but the current economy is really hurting charities. Still, just because money's tight doesn't mean you have to give up on giving: There are several new ways to be generous without opening your wallet -- and some even save you money when you donate.
Tuesday morning's big earnings report was from Walmart, and the results have been trumpeted as impressive: Profits were up 5.7%. But a closer look at the numbers, and a careful consideration of recent retail history, suggests that the world's largest retailer is a fading giant.
As the new school year approaches, families head to the shops for new supplies. But the back-to-school shopping season can be hard on the wallet. Follow these money-saving tips from moms across the country and you'll have plenty of cash left for apples for the teacher.
24/7 Wall St. recently looked at a number of large American companies, some of which are owned by foreign companies, to see which will disappear in 2011. It didn't take long to come up with a list of familiar names such as Sara Lee, Office Depot, Borders, E*Trade and five others.
Holiday sales are historically make-or-break for many retailers, and every year, several break -- and even go out of business. Others make large cuts in their store numbers and employees. 24/7 Wall St. combed through the numbers and spotlights 10 retailers that won't look the same next year -- if they're even around.
Standard & Poor's will make changes to several U.S. indexes next week, including the S&P MidCap 400, the S&P SmallCap 600, and the widely used S&P 500. The changes, which reflect the effects of acquisitions and market cap changes, will occur after the close of trading on Dec. 17.
As it released preliminary earnings results Monday, Office Depot also announced that Chairman and Chief Executive Officer Steve Odland is stepping down. Shares of Office Depot shot up more than 12% in premarket trading.
Office Depot has agreed to pay $1 million to settle Securities and Exchange Commission charges that it improperly disclosed key financial information to only a few analysts and shareholders. The CEO and former CFO also will pay $50,000 each.
The news likely to affect stock prices today, including strong showing from retail as Sears profit soars, Nordstrom's doubles, and Home Depot beats expectations and raises its dividend.
