Business


Staples agrees to $6.5 billion buyout

But the problems faced by Staples , and the office supply sector in general, won't go away. Sycamore Partners is buying Staples Inc., the parent company of Top 40 distributor Staples Promotional Products (SPP, asi/120601), for $6.9 billion.


Warren Buffett: Single-payer system is 'probably the best' for US

Warren Buffett: Single-payer system is 'probably the best' for US

However, Buffett didn't simply buy Bank of America stock. Moreover, it is a strong indicator that Buffett has a high confidence in BofA's executive, Brian Moynihan. Big banks need approval from the Fed to increase their dividends, a process that culminated in Wednesday's annual review of how the lenders would perform under severely stressed economic conditions.


Governor Cuomo declares MTA state of emergency as subway system struggles

Governor Cuomo declares MTA state of emergency as subway system struggles

Andrew Cuomo said . "I'll ask the Comptroller and the Attorney General for a special team to expedite the process, but it will no longer be a tortured exercise to do business with the MTA". Cuomo also announced that the MTA will work with ConEd on an "immediate investigation of their equipment, transmission and interlocks throughout the entire system".


Culture Secretary to announce decision on £11.7bn Murdoch bid for Sky

Culture Secretary to announce decision on £11.7bn Murdoch bid for Sky

Media Secretary Karen Bradley rejected the remedies, but might still wave through the deal if Fox comes back with revised measures before July 14. December 2016 - 21st Century Fox launches fresh bid for Sky shareholding it does not own. "This potentially raises public interest concerns because, in Ofcom's view, the transaction may increase members of the Murdoch Family Trust's ability to influence the overall news agenda and their ability to influence the political process and it ...


Global government debt: little headwind from central bankers

Global government debt: little headwind from central bankers

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, hit a trough of 95.57, the weakest since October. Wall Street rallied on Wednesday, with the S&P 500 tallying its biggest one-day percentage gain in about two months, as financial and tech stocks led a broad market rebound.