Business
Shares of Staples Fall on $6.3B Bid for Office Depot
In this May 17, 2011 file photo, a Staples sign is displayed on the front of a Staple store, in Portland, Ore. (AP Photo/Rick Bowmer, File)
(USA Today) – Office-supply chain Staples agreed to buy its sole remaining competitor, Office Depot, in a $6.3 billion-deal that would create one mega-office-supply chain.
But fears of anti-trust opposition sent shares of Staples plummeting 11%, despite applause from investors for the proposal.
The merger, which vows cost savings of $1 billion after closing, must be approved by the Federal Trade Commission. And while the regulator passed a recent marriage between Office Depot bought OfficeMax in 2013, investors are jittery that the FTC could raise questions about joining the last two surviving office supply chains.
“I think they have to fight it,” Staples co-founder and former CEO Tim Stemberg said of the FTC’s potential view of the merger. Staples faces “potentially a long and nasty legal skirmish” to get it done, Stemberg said on CNBC.
Activism
Oakland Post: Week of November 20 – 26, 2024
The printed Weekly Edition of the Oakland Post: Week of November 20 – 26, 2024
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Activism
Oakland Post: Week of November 13 – 19, 2024
The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024
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Activism
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST
Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?
Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.
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Oakland Post: Week of November 20 – 26, 2024
PRESS ROOM: Clyburn, Pressley, Scanlon, Colleagues Urge Biden to Use Clemency Power to Address Mass Incarceration Before Leaving Office
Tennessee State University Set to Debut the First Division I Hockey Team at An HBCU
HBCU Champions Advance to Postseason Play
An Inside Look into How San Francisco Analyzes Homeless Encampments
Op-Ed: Where Do We Go from Here?
HBCU Interns Learn Emotional Intelligence
Leveling Up: How HBCUs Empower Black Students To Rise Above, Achieve
Op-Ed: A Racial Reckoning in Columbus Ohio
PRESS ROOM: National Battle of the Bands Honors HBCU Heritage with “The Legacy of HBCU Marching Bands”
Five HBCUs Leading the Charge in Creating Black Excellence
OP-ED: We Must Work Together to Support the Sustainability of HBCUs in America
Embracing Home Visits: Honoring Parents and Strengthening Communities
THE FEDS
Biden-Harris Administration Announces $1.3 Billion in Additional Funding for HBCUs
Alameda County District Attorney Pamela Price Announces $7.5 Million Settlement Agreement with Walmart
‘Jim Crow Was and Remains Real in Alameda County (and) It Is What We Are Challenging and Trying to Fix Every Day,’ Says D.A. Pamela Price
OP-ED: Hydrogen’s Promise a Path to Cleaner Air and Jobs for Oakland
In the City Attorney Race, Ryan Richardson Is Better for Oakland
Oakland Post: Week of October 30 – November 5, 2024
D.A. Price Charges Coliseum Flea Market Vendors in Organized Retail Theft Case
Barbara Lee, Other Leaders, Urge Voters to Say ‘No’ to Recalls of D.A. Pamela Price, Mayor Sheng Thao
COMMENTARY: DA Price Has Done Nothing Wrong; Oppose Her Recall
Harris Promises 1 Million Forgivable Loans for Black Businesses
Oakland Post: Week of October 9 – 15, 2024
2024 Local Elections: Q&A for Oakland Unified School Candidates, District 3
‘Criminal Justice Reform Is the Signature Civil Rights Issue of Our Time,’ says D.A. Pamela Price
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
“Two things can be true at once.” An Afro-Latina Voter Weighs in on Identity and Politics
Oakland Mayor Sheng Thao’s Open Letter to Philip Dreyfuss, Recall Election’s Primary Funder
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
AMG GLC43: The Perfect Blend of Power and Practicality
2024 Mercedes Benz GLC 43 AMG: Ultimate POV Test Drive
Unleashing Power: The GLC43 SUV with 416 HP
Why DeLorean Chose Stainless Steel: Innovations & Patents
DeLorean’s Untold Legacy
Why Driving the DeLorean is a Unique Experience
How Will the Outcome of This Election Affect the Auto Industry?
The Ariya Empower+
Trump vs. Biden: EV Showdown
Election’s Auto Industry Impact
The Auto Industry’s Struggle – Recovering from COVID
Unleash the AMG Power!
DeLorean: The Rise, Fall, and Second Acts of the DeLorean Motor Company
2024 AMG GLC43 SUV Review: Unleashing Mercedes-Benz’s Hybrid-Enhanced Power and Design
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