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Stock Market & Financial Investment News

News Breaks
May 27, 2014
05:50 EDTODP, SPLSStaples 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.
News For SPLS;ODP From The Last 14 Days
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August 30, 2015
14:34 EDTSPLSPayPal shares could gain 40% as e-commerce grows, Barron's says
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August 28, 2015
16:53 EDTODP, SPLSStaples, Office Depot certify substantial compliance with Second Request
Staples (SPLS) and Office Depot (ODP) announced that they have certified substantial compliance with the Request for Additional Information from the United States Federal Trade Commission regarding the proposed merger between Staples and Office Depot. Additionally, Staples and Office Depot have entered into a timing agreement with the FTC pursuant to which Staples and Office Depot have agreed not to close the proposed merger until at least forty-five full calendar days after each company has certified substantial compliance with the Second Request. "We are pleased to have completed our submission of documents and information to the FTC in connection with the Second Request," said Ron Sargent, chairman and chief executive officer, Staples. "We will continue to work closely with the FTC, and we look forward to completing the transaction."
August 27, 2015
12:01 EDTSPLSStocks with call strike movement; APA SPLS
Apache (APA) December 15 call option implied volatility decreased 9% to 42, Staples (SPLS) December 15 call option implied volatility decreased 9% to 42 according to iVolatility.
August 19, 2015
13:30 EDTSPLSOn The Fly: Top stock stories at midday
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06:03 EDTSPLSStaples sees Q3 non-GAAP EPS 33c-36c, consensus 36c
Sees Q3 revenue to decrease compared to 3Q14, consensus $5.73B. The company's guidance reflects a sequential increase in the unfavorable impact of the stronger U.S. dollar on sales and earnings. The company's earnings guidance excludes any potential impact related to restructuring and other related activities or costs related to the company's planned acquisition of Office Depot. For the full year 2015, the company expects to generate more than $600 million of free cash flow.
06:02 EDTSPLSStaples reports Q2 North American stores and online sales $2.11B
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06:01 EDTSPLSStaples reports Q2 non-GAAP EPS 12c, consensus 12c
Reports Q2 revenue $4.94B, consensus $4.96B

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