Staples Reports Third Quarter EPS of 40 Cents

Staples (SPLS) reported third quarter earnings of 40 cents per share, up from 37 cents a year ago.

Sales rose slightly to $6.5 billion, Staples said in a statement. Sales at stores open at least one year fell 1%.

“Our growth initiatives in North Am…

Dow Dives 178 Points on China Interest Rate Hike Fears

The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.
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TJX Companies Reports Third Quarter EPS of 92 Cents

The TJX Companies (TJX) reported earnings of 92 cents per share for the quarter ended Oct. 30, up from 81 cents per share a year earlier.

Net sales rose 5% to $5.5. billion, the discount retailer said in a statement. Sales at stores open at least one…