Staples shares jump on report of potential buyout at more than $10 a share

Sycamore Partners is nearing a deal to buy Staples for $10.25 per share in a cash deal, a unnamed source told Reuters. Shares of Staples rose more than 8 percent in midday trading Wednesday. Dow Jones first reported that Sycamore could buy Staples for more than $10...

Dennis Gartman: ‘There’s a real problem’ in oil market, bounce won’t last

Oil may be enjoying a rally in recent days, but don’t bet on it lasting, noted commodities trader Dennis Gartman told CNBC on Wednesday. Crude prices were higher on Wednesday, with U.S. crude futures closing up 50 cents, or 1.1 percent, at $44.74 a barrel. The...