This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Office Depot in Merger Talks With OfficeMax: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Office Depot (ODP - Get Report) on reports that the company is in merger talks with OfficeMax (OMX).

The Wall Street Journal reported that the two companies were in advanced discussions about a potential merger. Shares of Office Depot soared as much as 28% on the news, while shares of OfficeMax climbed 19%.

The deal could be announced as early as this week and would be structured as a stock-for-stock transaction, the newspaper said.

In a combination, the companies, which have faced declining revenue from their retail stores in recent years, could close some locations to cut costs and streamline operations.

OfficeMax is the world's second largest office products company behind Staples, while Office Depot is the third.

Microsoft (MSFT - Get Report) is trending as the company begins its push to increase users of its email service.

The final version of, which has been in preview since July 31, is being released Tuesday. It works on Windows and Apple (AAPL - Get Report) machines as well as with an app for Google's (GOOG) Android mobile operating system.

The new Outlook includes the ability to send large files in a singe email, address books that automatically update contacts with information from Facebook (FB), Twitter and LinkedIn (LNKD) and fewer ads than Hotmail.

To promote the email service, Microsoft is expected to spend between $30 million and $90 million on an advertising campaign that will feature ads on TV, radio, Web sites, billboards and buses.

Users of Microsoft's Hotmail service will begin to be automatically moved to if they don't voluntarily switch by halfway through the year. Hotmail users can keep their email addresses but must use the new Outlook interface.

Reader's Digest is another popular search. RDA Holding, parent company of the publication, has filed for bankruptcy protection for the second time in four years.

The company said it filed for Chapter 11 as it needs to cut its $465 million in debt so it can keep restructuring. RDA said it plans to cut its debt load by 80% during the restructuring period, after which it expects to have $100 million in debt.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
OMX $15.26 -0.26%
AAPL $123.25 -0.80%
GOOG $550.99 -0.75%
MSFT $40.86 -0.85%
ODP $9.26 0.38%


DOW 17,691.98 +13.75 0.08%
S&P 500 2,058.51 +2.36 0.11%
NASDAQ 4,879.6920 +16.33 0.34%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs