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Thursday, December 11, 2014

Market Chatter- Corporate finance press digest, (NYSE: BCS), (NYSE: DB), (NASDAQ: ODP), (NASDAQ: SPLS)

The following corporate finance-related stories were reported by media: * New York regulators have found evidence that Barclays Plc and Deutsche Bank AG may have used algorithms on their trading platforms to manipulate foreign-exchange rates, a person with knowledge of the investigation said. (bloom.bg/1BA3ugS)* Starboard Value LP has built a roughly 6 percent stake in Staples Inc and increased its position in Office Depot Inc to about 10 percent, according to people familiar with the matter, moves that could increase pressure for a combination of the office-supply retailers. (on.wsj.com/1un4jRL)

Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 1.47% or $-0.22/share to $14.79. In the past year, the shares have traded as low as $13.27 and as high as $19.59. On average, 3085640 shares of BCS exchange hands on a given day and today's volume is recorded at 1858469.

Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Shares of DB fell by 2.17% or $-0.69/share to $31.13. In the past year, the shares have traded as low as $29.24 and as high as $51.99. On average, 1928510 shares of DB exchange hands on a given day and today's volume is recorded at 2941413.

Office Depot, Inc. (Office Depot) is a global supplier of office products and services. Shares of ODP traded higher by 2.67% or $0.175/share to $6.72. In the past year, the shares have traded as low as $3.84 and as high as $7.01. On average, 9871670 shares of ODP exchange hands on a given day and today's volume is recorded at 22890334.

Staples, Inc. (Staples) is an office products company. Shares of SPLS traded higher by 2.46% or $0.355/share to $14.82. In the past year, the shares have traded as low as $10.70 and as high as $16.04. On average, 10456500 shares of SPLS exchange hands on a given day and today's volume is recorded at 27436664.



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