March 6 Staples Inc, the largest U.S. office supply chain, reported lower-than-expected quarterly revenue due to weak sales in Europe and North America.
Many investors look at office-supply retailers as a barometer of economic health because demand for their products is closely tied to white-collar employment rates.
The net income fell to $78.1 million, or 12 cents per share, in the fourth quarter ended Feb. 2, from $283.6 million, or 41 cents per share, a year earlier.
Sales rose 3 percent to $6.56 billion, but missed Wall Street's average expectation of $6.72 billion, according to Thomson Reuters I/B/E/S.
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.