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OMX News

MeadWestvaco Is Still in Activist Investor Starboard's Sights

Though the packaging company inked a deal with Rock-Tenn valued at $16 billion, the activist has a history of wanting to stay engaged.

Jim Cramer Says Office Depot, Staples Merger Would Make Sense

TheStreet's Jim Cramer said that a merger between Staples and Office Depot would be "something to cheer for" but that the deal would likely face regulatory hurdles.

Dollar General Goes Hostile with Family Dollar Bid

Takes $9.1 billion offer directly to target's shareholders despite prior rejection on antitrust concerns.

Family Dollar Rejects Dollar General Bid

Target mentions antitrust concerns as spurned suitor implies CEO position was a stumbling block.

5 Retailers Fighting Back Against Amazon for Back-to-School Sales

Retailers that compete for back-to-school dollars are now facing intense competition from Amazon and discount stores. American Eagle, Staples, Best Buy and Sears are among those losing market share.

Breaking News

Billionaire Gautam Adani Loses $26 Billion in 3 Days

The Indian tycoon and his empire are facing allegations of fraud by an American short-seller. Their answer does not convince investors for the moment.

FTX: DOJ Seeks to Ban Bankman-Fried From Using Signal, Slack to Contact Employees

The Justice Department wants to ban Sam Bankman-Fried, the former CEO of bankrupt FTX, from speaking to former employees of the crypto exchange.

Elon Musk Has Questions About the War in Ukraine

The billionaire had proposed a controversial plan to end the Russia-Ukraine conflict, which now has lasted nearly a year.

A Royal Caribbean Cruise Line Adult Favorite Has Not Come Back

The cruise line has almost fully returned to normal after the covid pandemic, but one very popular activity hasn't been brought back.