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Staples Issues Update On Discussions With FTC: Proposed $1.25 Billion Divestment Has Been Rejected
Monday, December 21, 2015 - 12:19pm | 144Read More...Shares of Staples, Inc. (NASDAQ: SPLS) were higher by more than 2 percent mid-Monday morning after the company issued an update of its communications with the Federal Trade Commission. Staples noted that its Board of Directors and management have been working "tirelessly" to gain the necessary...
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Regulators To Block Staples-Office Depot Merger, Report Says
Monday, November 30, 2015 - 2:49pm | 335Read More...Shares of Staples, Inc. (NASDAQ: SPLS) were trading lower by nearly 2 percent early Monday afternoon while shares of Office Depot Inc (NASDAQ: ODP) were lower by more than 3 percent. Staples announced in February it intends to acquire Office Depot for around $6 billion. An acquisition...
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EXCLUSIVE: Why Kerrisdale Capital Went Long Lifelock, And Investors Followed
Thursday, October 22, 2015 - 4:41pm | 574Read More...On Thursday, Kerrisdale Capital confirmed with Benzinga a new long position in Lifelock Inc (NYSE: LOCK), pushing shares up as high as 4 percent. The fund disclosed a passive position of ~2 percent of shares outstanding. Chief Investment Officer and founder Sahm Adrangi said the...
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Bill Ackman's Pershing Square: Vemma Nutrition Company Has 'Structural Similarities' With Herbalife
Tuesday, September 15, 2015 - 1:10pm | 557Read More...The Federal Trade Commission shut down Vemma Nutrition in late August for operating a pyramid scheme. Pershing Square released a letter on Tuesday alleging the similarities between Vemma Nutrition and Herbalife Ltd. (NYSE: HLF). Shares of Herbalife were unfazed by the news, trading higher by more...
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Cybersecurity Becomes An Even Bigger Problem For U.S. Firms
Tuesday, September 1, 2015 - 7:03am | 366Read More...A recent spate of high-profile hacking attacks at big name U.S. firms like Target Corporation (NYSE: TGT) and Home Depot Inc (NYSE: HD) have created heightened awareness among business leaders. Cybersecurity has become a No. 1 priority at many firms as customer data breaches can be costly and...
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Cleveland Research: FTC Blocking Staples/Office Depot Merger 'Most Probable Outcome'
Thursday, July 23, 2015 - 1:40pm | 411Read More...In a report published Thursday, Cleveland Research Company analyst Daryl Boehringer detailed why he is taking a "cautious view" on the Office Products sector with a particular focus on Office Depot Inc (NASDAQ: ODP). Boehringer started off by stating that he remains "skeptical...
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Analysts React To Lifelock's 50% Decline
Wednesday, July 22, 2015 - 8:15am | 567Read More...Shares of Lifelock Inc (NYSE: LOCK) on Tuesday plunged more than 50 percent after the Federal Trade Commission said that the company allegedly violated a 2010 settlement with the agency and 35 state attorneys general by making deceptive claims about its identity theft protection services....
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Pivotal Research Analyst: Chance Of FTC Shutting Herbalife Down Is 'Next To Zero'
Friday, June 5, 2015 - 3:58pm | 444Read More...On Thursday, Timothy Ramey from Pivotal Research Group published a note to clients in which he argued that the FTC’s investigation of Herbalife Ltd. (NYSE: HLF) could conclude this summer. Ramey was on CNBC recently to explain why he thinks so. Herbalife Feeling Good About Its Position...
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Tesla Gets Leg Up From FTC On Direct Sales
Tuesday, May 12, 2015 - 11:09am | 419Read More...The Federal Trade Commission reiterated its low-key opposition Monday to state laws that ban direct sales of motor vehicles. Tesla Motors Inc (NASDAQ: TSLA) has faced legislative obstacles in at least several states to its plan to cut out third-party dealers used by other auto...
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Here's Why UBS Upgraded Staples
Monday, March 23, 2015 - 9:50am | 303Read More...In a report published Monday, UBS analyst Michael Lasser upgraded shares of Staples, Inc. (NASDAQ: SPLS) to Buy from Neutral with a price target raised to $20 from a previous $18 as a recent pullback in shares has created an "attractive entry point." According to Lasser, the upside in shares of...
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Staples, Office Depot Partnership 18 Years Coming?
Wednesday, February 4, 2015 - 5:23pm | 449Read More...Shares of office products company Staples, Inc. (NASDAQ: SPLS) took a big hit Wednesday when it announced its plan to acquire competitor Office Depot Inc (NASDAQ: ODP). Although the FTC disapproved the same merger 18 years ago, Staples is hopeful that this time the deal will go through. Staples...
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Oppenheimer Asks: Is Expedia Planning To Acquire Travelocity?
Friday, January 16, 2015 - 11:38am | 255Read More...Manish Hemrajani of Oppenheimer on Friday explored the possibility of Expedia Inc (NASDAQ: EXPE) acquiring Travelocity. Hemrajani notes that on Thursday the FTC posted on its website that it has granted an Early Termination notice to Sabre Corp (NASDAQ: SABR) and Expedia on their Hart Scott...
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Herbalife Director Linked To Money Laundering Scheme
Friday, November 14, 2014 - 10:29am | 281Read More...Reuters reported on Thursday that Herbalife Ltd. (NYSE: HLF) board member Pedro Cardoso had been charged with money laundering by Brazilian prosecutors in 2008 “for allegedly participating in an embezzlement scheme a decade earlier that siphoned 26.7 million Brazilian reais ($10.4...
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Dow Suffers Largest Daily Decline Since July, S&P 500 At 8-Week Lows On Global Growth Concerns
Tuesday, October 7, 2014 - 4:52pm | 2340Read More...U.S. stocks tumbled with the three major indices each shedding more than 1.5 percent as global economic growth concerns surfaced. The IMF lowered its global growth forecast for 2014 to 3.3 percent from a previous 3.4 percent. The agency also lowered its 2015 global growth projections to 3.8...
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Herbalife Ltd. Shares Surge Higher Only To Reverse Gains Following Fox Business News Tweet
Tuesday, October 7, 2014 - 2:32pm | 153Read More...Charles Gasparino of Fox Business News tweeted that Herbalife Ltd. (NYSE: HLF) informed its investors that the FTC will not shut down the company, but it does expect some disciplinary action. .$HLF tells investors FTC will NOT shut down the co but it expects some disciplinary action more @...
