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Stock Market & Financial Investment News

News Breaks
February 19, 2013
10:27 EDTODP, SPLS, OMXStaples rallies after analysts predict gains from rivals' merger
Staples (SPLS) is jumping after several research analysts predicted that the company would benefit significantly from a potential merger between its rivals, Office Depot (ODP) and OfficeMax (OMX). Following reports that Office Depot and OfficeMax had held talks about combining, Citigroup analyst Kate McShane predicted that the combined company would close some of its stores. Staples could gain market share as a result of these store closures, according to McShane. The analyst did, however, warn that that the Federal Trade Commission could "look unfavorably" on a merger between Office Depot and OfficeMax. Meanwhile, Jefferies analyst Daniel Binder believes that Staples is poised to benefit from an Office Depot-OfficeMax merger. But Binder warned that the potential benefit to Staples from a deal could vary widely, based on how many stores the combined entity would close and how many stores it would sell to Staples. The analyst, however, estimates that Staples' revenue could increase a total of $40M-$60M and its earnings per share could climb 5c-10c over the next three years as a result of the transaction. In mid-morning trading, Staples gained $1.90, or 15%, to $14.85, while Office Depot surged 16% to $5.30 and OfficeMax soared 25% to $13.50.
News For SPLS;ODP;OMX From The Last 14 Days
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November 21, 2014
10:26 EDTSPLSOptions with decreasing implied volatility
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November 20, 2014
10:35 EDTSPLSOptions with decreasing implied volatility
Options with decreasing implied volatility: DKS SPLS WB GMCR VRX HTZ WSM VIPS BBY AMAT
November 19, 2014
12:46 EDTSPLSOn The Fly: Midday Wrap
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11:56 EDTODP, SPLSStaples rallies after Q3 results beat estimates
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10:25 EDTSPLSOptions with decreasing implied volatility
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09:16 EDTSPLSOn The Fly: Pre-market Movers
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07:47 EDTSPLSStaples sees closing up to 225 North American stores by end 2015
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07:44 EDTSPLSStaples says 'reasonably possible' may incur losses due to data breach
Staples stated in its regulatory filing related to its quarter results: "The company is currently in the process of investigating a data security incident involving an intrusion into certain of the company's retail point of sale and computer systems. The company has taken steps to address the intrusion and believe that we have identified and eradicated the malware used in the intrusion. The company is working with law enforcement and is continuing to investigate the nature and scope of the incident, including whether and to what extent retail transaction data may have been compromised. It is reasonably possible that the company may incur losses in connection with the incident; however, the company is still in the early stages of the investigation and at this time the company is unable to reasonably estimate the amount of any losses or the amount of expenses the company will incur in addressing this incident. The company maintains network-security insurance coverage, which the company expects would help mitigate any material financial impact."
06:23 EDTSPLSStaples up 2% after reporting Q3 results
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06:09 EDTSPLSStaples sees Q4 EPS 27c-32c, consensus 31c
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06:09 EDTSPLSStaples reports Q3 EPS 37c, consensus 36c
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05:58 EDTSPLSStocks with implied volatility above IV index mean; BBY SPLS
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November 18, 2014
15:21 EDTSPLSNotable companies reporting before tomorrow's open
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15:17 EDTSPLSStaples technical comments ahead of earnings
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14:46 EDTSPLSStaples November volatility elevated into Q3 and outlook
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November 17, 2014
10:02 EDTODPOn The Fly: Analyst Downgrade Summary
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06:21 EDTODPOffice Depot downgraded to Neutral from Buy at Goldman
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November 14, 2014
06:22 EDTSPLSStocks with implied volatility above IV index mean; SPLS SINA
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November 13, 2014
10:51 EDTSPLSStaples November volatility elevated into Q3 and outlook
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10:16 EDTODPOffice Depot, OfficeMax stores to open at 6pm on Thanksgiving Day
Office Depot and OfficeMax retail stores will be open from 6-9 p.m. local time on Thanksgiving Day, Nov. 27, and will re-open on Black Friday, Nov. 28, at 8 a.m.

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