It's happened to booksellers and retailers of consumer electronics. Now the country's once-booming crowd of office-supply superstores may be reduced to a lone survivor with an uncertain future in the digital era.
President Barack Obama's criticism of Staples Inc.SPLS -1.07%'s employee health-care practices comes at a tricky time for the office-supply giant, which needs government approval for its $6.3 billion acquisition of rival Office Depot Inc.ODP -0.95%.
NEW YORK - Staples Inc is buying Office Depot in a cash-and-stock deal valued at nearly $6 billion. Office Depot Inc. shareholders will receive $7.25 in cash and 0.2188 of a share in Staples Inc. at closing. The deal values Office Depot at $11 per share.
WASHINGTON (MarketWatch)�In a rare instance of corporate criticism of a president, Staples Inc. on Wednesday said that President Barack Obama �appears not to have all the facts� when he criticized the company's policy of limiting worker hours.