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Staples, Inc. stock price, SPLS
Staples, Inc. stock chart:
Staples, Inc. close price: 9.25
Stock price forecast:
UP TO +1.08%
Total forecasts: 90
Reached: 17 (18.89%)
Total Win: 4.81 (49.52%)
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Staples, Inc. latest news:
P&G expresses 'complete support' for current strategy after activist investor wages proxy battle
Procter & Gamble Co. said Monday in a statement that its board of directors was "confident" that the changes being made at the struggling consumer products giant were having results, and expressed "complete support" for the current strategy and management team. The statement was in response to activist investor Trian Fund Management L.P.'s call to elect its CEO Nelson Peltz on P&G's board to help accelerate the company's turnaround. Trian is P&G's fifth-largest shareholder, with 36.7 million shares, or 1.4% of the shares outstanding, according to FactSet. Trian said P&G's results over the past decade have been disappointing, and that the recent $10 billion cost-cutting program has had "no discernible impact" on results. "While the board is always willing to consider new ideas that may help drive profitable growth and enhance shareholder value, the board notes that Trian has not provided any new or actionable ideas to drive additional value for P&G shareholders beyond the continued successful execution of the strategic plan that is in place," P&G said in its statement. P&G's stock rallied 0.7% in midday trade. It has gained 2.0% over the past 12 months, while the SPDR Consumer Staples Select Sector ETF has lost 1.6% and the Dow Jones Industrial Average has climbed 17%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Staples bought for $6.9 billion, changes ahead
Sycamore is buying Staples for $6.9 billion.
Staples in $6.9 billion sale to private equity firm Sycamore
(Reuters) - Sycamore Partners said on Wednesday it would acquire U.S. office supplies chain Staples Inc for $6.9 billion, a rare bet by a private equity firm this year in the U.S. retail sector, which has been roiled by the popularity of internet shopping.
Office supplies chain Staples sold for $6.9 billion
Private equity firm Sycamore is buying office supplies chain Staples for $6.9 billion
Healthcare stocks jump after Republicans unveil plan; banks, staples slip
(Reuters) - The S&P healthcare index rose 1 percent on Thursday, hitting its fifth consecutive record close following the release of Senate Republicans' bill to replace Obamacare, while financial and consumer staple shares ended lower.
Staples shares surge on report of $6 billion acquisition by Sycamore
Shares of Staples Inc. surged nearly 5% in after-hours trading late Wednesday after Reuters reported that private equity firm Sycamore Partners is in advanced talks to acquire the office supplies retailer. Reuters said Sycamore is finalizing a debt financing deal with Staples after beating out Cerberus Capital Management in an auction. A final deal, which may top $6 billion, could be announced next week, the report said. The Wall Street Journal reported in April that the troubled retailer was seeking a buyer. Staples has more than 1,200 stores in the U.S., but has been forced to close hundreds of stores in recent years due to an extended slump in sales. A proposed merger with rival Office Depot Inc. was rejected in 2016 over antitrust concerns. Staples shares are down 0.7% over the past month, and down 1.3% over the past year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Dow closes at record for 4th week of gains, Nasdaq slips for 2nd week
The Dow industrials closed higher for a fourth straight week, setting a record close Friday while the Nasdaq closed lower for a second as tech shares sold off. The Nasdaq Composite Index closed down 13.74 points, or 0.2%, at 6,151.76, to end the week 0.9% lower. The Dow Jones Industrial Average finished up 24.38 points, or 0.1%, at a record 21,384.28, as gains from Chevron Corp. and Exxon Mobil Corp. were hampered by large drops in shares of Wal-Mart Stores Inc. and Nike Inc . The blue-chip average finished with a 0.5% gain on the week. The S&P 500 index finished up 0.69 points at 2,433.15, with consumer staples the worst performing sector and energy the strongest gainer. The S&P 500 finished less than 0.1% higher on the week.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Whole Foods buyout by Amazon investigated by shareholder rights firms
Whole Foods Market Inc.'s stock soared 27% to a two-year high in morning trade Friday, but some law firms aren't convinced that the deal to be bought out by Amazon.com Inc. is fair to its shareholders. Johnson & Weaver LLP said it has launched an investigation into whether Whole Foods' board breached fiduciary responsibilities with the proposed sale of the company. The firm said it was concerned whether the proposed deal price of $42 a share represents "adequate consideration," given that at least one Wall Street analyst had a $47 stock price target. The average price target of the analysts surveyed by FactSet was $34.61, with $47 the highest and $19 the lowest. Levi & Korsinsky LLP said it was investigating the "fairness" of the sales of the company. The $42-per-share bid was 36% below the record close of $65.24 reached on Oct. 25, 2013. Whole Foods' stock has run up 37% year to date, while the SPDR Consumer Staples Select Sector ETF has gained 7.7% and the S&P 500 has advanced 8.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Staples Inc's board has declared a quarterly cash dividend on co's common stock of $0.12 per share
* Says board Of Directors has declared a quarterly cash
dividend on Staples Inc common stock of $0.12 per share
Source text for Eikon:
Further company coverage:
Nasdaq closes at record, stocks finish slightly higher after Comey testimony
The tech-heavy Nasdaq finished at a record Thursday as other benchmarks closed slightly higher following former Federal Bureau of Investigation director James Comey's testimony in front of senators and ahead of U.K. election results. The Nasdaq Composite Index closed up 24.38 points, or 0.4%, at a record 6,321.76, led by big gains in Yahoo Inc. , Nvidia Corp. and Tesla Inc. . The Dow Jones Industrial Average finished up 8.84 points at 21,182.53, with shares of Goldman Sachs Group Inc. and Caterpillar Inc. the biggest gainers and Walt Disney Co. and Merck & Co. the biggest decliners. The S&P 500 index finished up 0.65 points at 2,433.79, with the financials and tech sectors leading and the utilities and consumer-staples sectors lagging.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nasdaq, S&P 500 edge higher to close at records
The tech-heavy Nasdaq and the S&P 500 closed at records Friday as stocks finished higher for the week ahead of the Memorial Day holiday. The S&P 500 index finished up 0.75 points at a record 2,415.82, led by gains in the consumer-staples and consumer-discretionary sectors. The Nasdaq Composite Index closed up 4.94 points, or less than 0.1%, at a record 6,210.19. Both benchmarks finished for a seventh day of gains. The Dow Jones Industrial Average declined 2.67 points to close at 21,080.28, less than 40 points shy of its March 1 closing record. For the week, the Dow finished up 1.3% and the S&P 500 gained 1.4%, both snapping a two-week streak of finishing lower, while the Nasdaq advanced 2.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Broad stock-market advance takes three S&P 500 sectors to closing records
Three of the 11 primary S&P 500 sectors ended at records on Thursday, in a positive sign for the breadth of the market's advance as major indexes hit all-time highs of their own. Industrials , utilities , and consumer staples all ended at their highest levels ever, while other sectors weren't far behind. The industrial sector rose 0.8% on Thursday, bringing its year-to-date advance to 6.9%, while utilities rose 0.7%, extending its 2017 move to a rise of 9.3%. Consumer staples rose 0.7% on Thursday, and are up 8.8% for the year. Only two of the 11 sectors - materials and energy - ended lower on the day. Beyond the three to hit records, both technology and consumer-discretionary stocks were within all-time highs of their own. Tech has been the strongest performer this year, up nearly 20%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wal-Mart details Florida hiring and investment plans through January 2018
Wal-Mart Stores Inc. said Tuesday that it was planning investments in Florida through January 2018 that will create 800 jobs with the opening of nine new stores across the state. The discount retail giant said it also plans to announce in the coming months the official grand opening of its e-commerce distribution center in Davenport, which currently employs over 550 people and has plans to hire at least 1,000 more people over the next year. Separately, the company confirmed plans to begin construction of a new distribution center for perishable goods in Cocoa, which is expected to employ more than 450 people when operational. The stock, which was up 0.4% in midday trade, has climbed 14% year to date, while the SPDR Consumer Staples Select Sector ETF has gained 8.0% and the Dow Jones Industrial Average has advanced 5.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Staples's stock jumps after same-stores sales beat, while profit matched expectations
Shares of Staples Inc. jumped 3.5% in premarket trade Tuesday, after the office supply retailer beat same-store sales expectations, while matching on profit and coming up short on revenue. The net loss for the quarter to April 29 was $815 million, or $1.24 a share, after a profit of $41 million, or 6 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 17 cents, matching the FactSet consensus. Revenue fell 4.9% to $4.15 billion, missing the FactSet consensus of $4.52 billion, as North American retail and delivery sales declined more than expected. Same-store sales declined 2.6%, beating the FactSet consensus for a decline of 4.1%. The company expects second-quarter adjusted EPS of 10 cents to 13 cents, compared with the FactSet consensus of 13 cents. "Based on our success growing categories beyond office supplies, we're intensifying our focus on several key growth categories including facilities supplies, breakroom supplies, furniture, technology solutions, and promotional products, or what we now refer to as 'Pro Categories,'" said Chief Executive Shira Goodman. The stock has gained 3.0% year to date through Monday, while the SPDR S&P Retail ETF has lost 4.5% and the S&P 500 has advanced 7.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. stocks end with very slight gains as investors look ahead to Fed clarity
U.S. stocks ended with a slight upward bias on Tuesday, though investors mostly held off on making big bets with the Federal Reserve engaged in a two-day policy meeting, which ends on Wednesday. The Dow Jones Industrial Average rose 34.5 points, or 0.2%, to 20,948. The S&P 500 added 2.7 points to 2,391, a rise of 0.1%. The Nasdaq Composite Index rose 3.8 points to 6,095, a rise of less than 0.1%, although this was enough to take the tech-heavy index to a record close, its second such feat in the past two days. Caution was high as the Fed's meeting got underway; while central bankers are expected to keep rates on hold at this meeting, analysts are looking for any comments on the recent slowdown in U.S. economic activity. Among the most active sectors of the day, both energy and consumer staples fell about 0.5%, while the industrial sector added 0.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Exclusive: Cerberus, Sycamore Partners wrestle with Staples buyout
(Reuters) - Cerberus Capital Management LP and Sycamore Partners are the two private equity firms actively exploring an acquisition of Staples Inc , the U.S. office supplies retailer, people familiar with the matter said on Tuesday.
Wall St. flat as Apple-led tech gains offset weak consumer stocks
(Reuters) - U.S. stocks treaded water in a tight range in late morning trading on Tuesday as a rise in technology stocks, led by Apple, was offset by losses in consumer staples and healthcare companies.
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