Staples says bonuses needed to retain talent, WSJ reports Staples defended the executive bonuses it gave out despite not meeting performance targets, saying they were needed to retain talent and motivate workers, Wall Street Journal reports. Institutional Shareholder Services recommends investors reject Staples's 2013 compensation plan at a shareholder meeting on June 2, the paper adds. Reference Link
Staples upgraded to Buy from Neutral at UBS UBS upgraded Staples (SPLS) to Buy based on favorable risk/reward and potential synergies and earnings growth from the Office Depot (ODP) acquisition. Price target raised to $20 from $18.