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Stock Market & Financial Investment News

News Breaks
October 8, 2012
06:23 EDTSPLSStaples more attractive to potential suitors, Bloomberg reports
Staples (SPLS) is offering private-equity buyers a bargain that will be tough to pass up, reports Bloomberg. After falling to a record low valuation in August, the company now has an enterprise value that’s 4.5 times earnings before interest, taxes, depreciation and amortization, still cheaper than 93% of similar-sized U.S. specialty retailers, according to Bloomberg data. At 14.8%, Staples’s free cash flow yield is higher than 65 of 67 peers, the data shows. Staples faces its first annual sales decline since about 1990, will close some stores and cut 2012 forecasts. Reference Link
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June 17, 2013
15:29 EDTSPLSGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
14:30 EDTSPLSStaples rises in late afternoon trading, levels to watch
The shares are trading up over 2.8%, last at $16.49. At this price next resistance is at $16.90, a prior pivot high from March 2012. Support is at $16.12.
07:23 EDTSPLSJefferies to host a conference
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June 14, 2013
10:52 EDTSPLS High option volume stocks: CLDX AON KNDI MYGN SPLS

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