13-16-billion

Staples, Office Depot say FTC opposition to deal ‘simply wrong’

The FTC has said a merger between the two could reduce competition for nationwide contracts for office supplies. It has also rejected Staples' raised offer to divest up to $1.25 billion of commercial contracts to secure approval for the

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Staples, Office Depot say FTC opposition to deal ‘simply wrong’

13-16-billion

Oil sets new 2016 highs on production freeze, demand bets

“Focus for now is firmly placed on a global macroeconomic environment that is propelling other industrial commodities such as the metals as well as world equities back to around highest levels since late last year,” said Jim Ritterbusch of Chicago-based energy markets consultancy Ritterbusch & Associates. It was on course to gain 6 percent on the week for a fifth straight week of gains. U.S. crude inventories hit a fifth straight week of record highs last week but the build of 1.3 million barrels was less than half …

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Oil sets new 2016 highs on production freeze, demand bets

13-16-billion

Sheraton owner Starwood set to accept offer from China’s Anbang

A successful deal would bolster Anbang's reputation as one of China's top corporate acquirers and would follow its purchase of New York's iconic Waldorf Astoria hotel last

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Sheraton owner Starwood set to accept offer from China’s Anbang