New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 20, 2013
09:35 EDTOMX, ODPOffice Depot, OfficeMax see $400M-$600M in annual cost synergies by third year
News For ODP;OMX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 29, 2015
13:49 EDTODPCablevision hires Keith Sherwell as CIO, Variety reports
Subscribe for More Information
May 27, 2015
19:05 EDTODPOffice Depot to pay $3.4M over faulty office chairs
The U.S. Consumer Product Safety Commission announced that Office Depot has agreed to pay a $3.4M civil penalty to settle CPSC's charges that Office Depot knowingly failed to report defects and an unreasonable risk of serious injury concerning two models of office chairs -- the Quantum and the Gibson. The seatbacks of both models failed, resulting in multiple back and other injuries. Federal law requires parties like Office Depot to report to CPSC within 24 hours about a consumer product containing a defect that could create a substantial product hazard or presenting a risk of serious injury. "Office Depot received dozens of reports of seatback failures and related injuries involving both the Quantum chairs and the Gibson chairs. Office Depot never reported the Quantum chair hazard to CPSC, and reported the Gibson chair hazard only after receiving a request from staff. By the time the chairs were recalled, Office Depot had received 33 and 153 reports, respectively, of seatback detachment from the chairs, and 14 and 25 reports, respectively, of injuries, some requiring medical attention," said the CPSC. In addition the civil penalty, Office Depot has agreed that the company has, and shall maintain, a compliance program to ensure compliance with the Consumer Product Safety Act and a related system of internal controls and procedures. Office Depot neither admits nor denies CPSC staff’s charges. The penalty agreement has been accepted provisionally by the Commission. Reference Link
May 20, 2015
06:04 EDTODPStaples sees Q2 non-GAAP EPS 11c-13c, consensus 11c
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use