The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * 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)* In a blow to the Justice Department's Wall Street crackdown, a federal appeals court, U.S. Circuit Court of Appeals, overturned two insider-trading convictions and ruled it is not always illegal to purchase or sell stocks using inside information. (on.wsj.com/12x70cT)
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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