Stocks closed lower on Wall Street Monday after an early rally evaporated by midafternoon, marking a choppy start to a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 fell 0.8 percent after having been up 1 percent…
Staples Offers to Buy Office Depot Owner’s Consumer Business for $1 Billion
Staples said on Friday it had offered to buy Office Depot owner ODP Corp’s consumer business for $1 billion, the latest effort by the office supplies retailer to acquire its rival’s assets. Staples offered about $18.27 per share for the business, which it said represents a premium of about 43 percent to the 30-day average…
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