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Search results for "ODP"



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Office Depot caught on problems  

Office Depot is paying the government $3.5 million over faulty chairs.
Source: CNBC.com
Office Depot to pay $3.4 million over faulty chairs

NEW YORK- Office Depot will pay regulators $3.4 million to settle charges that it did not report defects of two of its office chair models fast enough, even after receiving more than 200 complaints. The agency said Office Depot did not notify the regulator until it contacted the company. Office Depot sold more than 1.4 million of the defective Gibson chairs...
Source: The Associated Press
CNBC update: Belgian airports closed  

Office Depot pays $3.4M in fines for defective chairs; Belgian airports close due to controller glitch; and hunger in the world declines, reports CNBC's Sue Herera.
Source: CNBC.com
Office Depot to pay $3.4 million over office chair defects

WASHINGTON, May 27- The U.S. Consumer Product Safety Commission on Wednesday said Office Depot Inc has agreed to pay $3.4 million in fines over its failure to report defects in two models of office chairs. Office Depot received complaints that the chairs' seat backs failed, causing back injuries, the regulator said. The company neither admitted nor denied the...
Source: Reuters
Stocks fall from highs, end mixed after Fed minutes; transports off nearly 2%

U.S. stocks closed narrowly mixed as the Fed minutes mostly confirmed market expectations for a rate hike in the second half of the year.
Source: CNBC.com | By: Evelyn Cheng
Top trades for the 2nd half  

The FMHR traders reveal their final trades.
Source: CNBC.com
Wall Street gears up for Fed minutes; dollar gains eyed

U.S. stock index futures indicated a flat to higher open for Wall Street shares Wednesday ahead of the release of Fed minutes.
Source: CNBC.com | By: Jenny Cosgrave
Early movers: LOW, JNJ, YHOO, HRL, NOC & more

These are the stocks posting the largest moves before the bell.
Source: CNBC.com | By: Peter Schacknow
Staples sales dip as stores close ahead of merger attempt

NEW YORK- Staples suffered a 36 percent decline in first-quarter earnings as businesses increasingly go digital, a shift that has compelled its attempted merger with Office Depot. Staples had been under pressure from the private equity firm Starboard Value LP to attempt to combine its business with Office Depot and earlier this year it did just that.
Source: The Associated Press
Halftime portfolio: Trader plays small ball  

Why FMHR trader Jim Lebenthal sold Citigroup and bought Staples.
Source: CNBC.com