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2016-05-11

Staples-Office Depot merger killed by antitrust claims, again

Nearly two decades after an unsuccessful attempt to combine, Staples Inc. and Office Depot Inc. produced a carbon copy of that result.

posted 2016/05/11 by MarketWatch.com - Top Stories

Forecaster of the Month: Fed doesn’t get it about global excess supply, winning forecaster says

The Federal Reserve is blowing it because it thinks the economy could be overheating, but the real problem is excess supply and deflationary pressure, says Steven Ricchiuto, winner of the Forecaster of the Month contest.

posted 2016/05/11 by MarketWatch.com - Top Stories

2016-05-10

The Wall Street Journal: Not going away, Bernie Sanders poised to win West Virginia

Bernie Sanders seems poised to regain momentum in West Virginia’s primary election Tuesday, leaving some of front-runner Hillary Clinton’s backers uneasy that her path to the Democratic presidential nomination figures to be rocky to the end.

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: After IPO, Red Rock Resorts to buy Palms Casino Resort

Red Rock Resorts Inc., the newly public company formerly known as Station Casinos, is enhancing its prominent Las Vegas presence with a $312.5 million deal to buy the Palms Casino Resort.

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: As wildfire threat eases, Canada hopes to ramp up oil-sands operations

Alberta Premier Rachel Notley said she expects oil-sands companies that suspended output of crude oil by up to 1 million barrels a day due to wildfires that ravaged the Fort McMurray area to resume production “in the coming days and…

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: Feds investigate drugmakers’ ties to pharmacy-benefit managers

Federal prosecutors are investigating drugmakers’ contracts with companies that manage prescription benefits in the U.S., the latest sign of government scrutiny of how drug companies and industry middlemen do business.

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: Salesforce to use Amazon for new cloud service

Salesforce.com Inc. is building a new service on Amazon.com Inc.’s cloud computing facilities, a notable shift for a company that generally has used its own computing infrastructure.

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: NASA discovery doubles the number of known planets

Astronomers using NASA’s Kepler Space Telescope announced Tuesday they have confirmed the existence of 1,284 newly discovered planets around distant stars, doubling the number of alien worlds detected by the agency’s planet-hunting probe.

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: Dell seeks $16 billion bond sale to back EMC purchase

A red-hot market for higher-quality corporate debt is enticing Dell Inc. to begin marketing the investment-grade-bond portion of its debt package backing its acquisition of EMC Corp., a person familiar with the matter said.

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: Paul Ryan says he’ll talk with Donald Trump about unifying Republicans

House Speaker Paul Ryan said Tuesday his goal in meeting this week with presumptive Republican presidential nominee Donald Trump is to find real GOP unity, rather than to “fake” it.

posted 2016/05/10 by MarketWatch.com - Top Stories

The Wall Street Journal: GM gives Google, Tesla rare tip of the hat for self-driving car advances

A General Motors Co. executive credited Silicon Valley companies, including Alphabet Inc.’s Google car division and Tesla Motors Inc., for accelerating the development of autonomous vehicle technology and shortening the timetable for when safer self-driving cars hit the road.

posted 2016/05/10 by MarketWatch.com - Top Stories

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