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Stock Market & Financial Investment News

News Breaks
May 27, 2014
05:50 EDTSPLS, ODPStaples downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Staples (SPLS) to Sell citing pressure on the Office products sector and margin concerns. The firm lowered its price target for shares to $11 from $11.50. Goldman coupled the downgrade with an upgrade this morning of Office Depot (ODP) to Buy from Neutral.
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July 28, 2014
10:44 EDTSPLSAmazon set to launch mobile credit card reader in August, 9to5Mac reports
Amazon (AMZN) could be preparing to launch its mobile cred card reading hardware at $9.99 in the coming weeks, reports 9to5Mac, citing internal Staples (SPLS) documents. Staples stores will stock a product called the "Amazon Card Reader" alongside readers from Square, eBay's (EBAY) PayPal and Staples' own in-house brand. Reference Link

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