As it released preliminary earnings results Monday, Office Depot also announced that Chairman and Chief Executive Officer Steve Odland is stepping down.
Shares of Office Depot shot up more than 12% in premarket trading.
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Singapore Exchange agreed to buy Australian exchange ASX for A$8.4 billion ($8.3 billion).
The Singapore Exchange offer is worth A$48 per share of ASX, a 37% premium over the company’s closing price on Oct. 22, Bloomberg News reported. The two exchanges will be separate legal entities and subject to local regulation.
The new company aims to compete with competitors such as the…
Continue reading Singapore Exchange to Buy ASX for $8.3 Billion
Singapore Exchange to Buy ASX for $8.3 Billion originally appeared on DailyFinance on Mon, 25 Oct 2010 08:15:00.
Filed Under: Company News, Technology, Investing, Stocks in the News, Market News
The largest U.S. bank reportedly acknowledges discovering some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases.
Continue reading Bank of America Finds Foreclosure Errors
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Dozens of companies report earnings this week, and analysts surveyed by Thomson Reuters are anticipating lots of strong quarterly reports. Among those posting improved results should be Microsoft and Visa. However, likely to p…
AT&T exceeded Wall Street’s revenue expectations and hit its mark for earnings in the third quarter. The telecom said it activated 5.2 million iPhones during the period, the most in a quarter yet.
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