Starboard asks Staples to merge with Office Depot
Activist investor Starboard Value LP called for office-supply chains Staples Inc (SPLS.O) and Office Depot Inc (ODP.O) to merge, saying a combined company would lead to greater savings.
Business
The U.S. Supreme Court on Tuesday declined to hear a challenge to controversial debit card "swipe fee" rules, dealing a blow to retailers, grocers and restaurant owners who argued the charges were unfairly high.
The U.S. Supreme Court on Tuesday allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR Inc and Halliburton Co.
Shake Shack Inc, a burger chain that grew out of a hot dog stand in New York's Madison Square Park, said it expected its initial public offering to be priced at $14-$16 per share, valuing the company at up to $568 million.
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