The futures markets are pointing to a higher open this morning. New developments with Radioshack: The New York Stock Exchange is in the process of delisting the stock. RadioShack, has seen losses in each of the last 11 quarters, was aiming to file for Chapter 11 protection as early as yesterday, but nothing concrete transpired. Separately, there’s a report in Bloomberg that Amazon has been in talks to buy a stake in the struggling electronics chain after it files for bankruptcy. Amazon isn’t the only reported bidder in the fray. Sprint has discussed buying several thousand of RadioShack’s more than 4,000 U.S. locations. Staples and Office Depot are in advanced talks to combine, according to people familiar with the matter.. There are too many places to get office supplies, including Walmart and online. Staples has a market value of about $11 billion, while Office Depot, which in 2013 absorbed rival OfficeMax, has a market value of about $4 billion. It’s no secret that McDonald’s is seeing consecutive monthly declines in sales as it loses ground to Chipotle Mexican Grill, which has successfully met consumer demand for fresher, healthier food. Chipotle turns in fourth quarter earnings today after the bell. Both earnings and revenue are expected to be higher.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
