Staples reported strong earnings this morning, which should be of interest even to those who own no stock in the office supply giant. The reason is obvious: Demand for desks, printers, and the like is a fairly good indicator of our economic outlook.
Office supply maker 3M Co (MMM) may double its planned spending on acquisitions to $2 billion this year as it aims to boost its oversea operations.
"We told Wall Street that we would spend probably a billion dollars or north of that," CEO George Buckley told Reuters. "It could be double that number by the time the year is out."