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MAY 07, 2014 - TheStreet

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Office Depot Woos the Markets

NEW YORK (TheStreet) -- Office Depot , closed at $5, up 3.52%, or 17 cents, on Wednesday. The Boca Raton, Florida-based retailer is trying everything in its power to get back in the good books of the stock markets -- whether it is the acquisition of Office Max, shuttering up to 400 stores in the U.S., or rejigging its product portfolio. The measures might be working -- the company's stock rose 20% after it beat Wall Street's expectations of a $4.3 billion quarterly revenue by registering $4.4 billion in revenue for the first quarter. However, due to one-time charges associated with the ... Read More

Tags: Office Depot Woos the Markets,  Staples Latest News