NEW YORK (AP) - The Wall Street Journal is reporting that OfficeMax Inc. and Office Depot Inc. are talking about combining their companies.
The newspaper, citing unidentified people familiar with the matter, said yesterday that talks are at an advanced stage, and an announcement could come as early as this week.
Representatives of both companies declined to comment.
The office supply business is very competitive. Staples is a big player, along with Amazon and big discount stores such as Costco and Wal-Mart.
Boca Raton, Fla.-based Office Depot has about 1,675 stores worldwide, mostly in the U.S. and Canada. OfficeMax, based in Naperville, Ill., has about 900 stores in the U.S. and Mexico. If the two companies merged, they could close stores that compete against each other, as well as reduce costs.
The newspaper, citing unidentified people familiar with the matter, said yesterday that talks are at an advanced stage, and an announcement could come as early as this week.
Representatives of both companies declined to comment.
The office supply business is very competitive. Staples is a big player, along with Amazon and big discount stores such as Costco and Wal-Mart.
Boca Raton, Fla.-based Office Depot has about 1,675 stores worldwide, mostly in the U.S. and Canada. OfficeMax, based in Naperville, Ill., has about 900 stores in the U.S. and Mexico. If the two companies merged, they could close stores that compete against each other, as well as reduce costs.
LOS ANGELES (AP) - Magic Johnson is remembering Los Angeles Lakers owner Jerry Buss as "a great man and an incredible friend."
The Twitter tribute followed news that Buss died Monday at a Los Angeles hospital at the age of 80. He'd been hospitalized for most of the past 18 months while undergoing cancer treatment.
Under the ownership of Buss since 1979, the Lakers became Southern California's most beloved sports franchise, and became linked in the eyes of the world to Hollywood glamour.
And few owners in sports history can rival his success. The Lakers made the NBA finals 16 times since Buss bought the team, winning 10 times between 1980 and 2010. The team is now largely run by two of his six children, Jim Buss and Jeanie Buss.
Jerry Buss always referred to the Lakers as his extended family, and the players rewarded his fan-like excitement with devotion and friendship, in addition to the ten championships. Magic Johnson and fellow Hall-of-Famers Kareem Abdul-Jabbar and James Worthy formed lifelong bonds with Buss.
Courtside seats for the Lakers are the hottest tickets in Hollywood -- with Jack Nicholson and many other celebrities attending every home game.
NBA Commissioner David Stern is remembering Buss as a "visionary owner" whose impact on the league "will be felt for decades to come."
The Twitter tribute followed news that Buss died Monday at a Los Angeles hospital at the age of 80. He'd been hospitalized for most of the past 18 months while undergoing cancer treatment.
Under the ownership of Buss since 1979, the Lakers became Southern California's most beloved sports franchise, and became linked in the eyes of the world to Hollywood glamour.
And few owners in sports history can rival his success. The Lakers made the NBA finals 16 times since Buss bought the team, winning 10 times between 1980 and 2010. The team is now largely run by two of his six children, Jim Buss and Jeanie Buss.
Jerry Buss always referred to the Lakers as his extended family, and the players rewarded his fan-like excitement with devotion and friendship, in addition to the ten championships. Magic Johnson and fellow Hall-of-Famers Kareem Abdul-Jabbar and James Worthy formed lifelong bonds with Buss.
Courtside seats for the Lakers are the hottest tickets in Hollywood -- with Jack Nicholson and many other celebrities attending every home game.
NBA Commissioner David Stern is remembering Buss as a "visionary owner" whose impact on the league "will be felt for decades to come."
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ANKARA, Turkey (AP) - Turkey's state-run news agency says police are rounding up dozens of people suspected of membership in a left-wing militant group that has claimed responsibility for a suicide attack at the U.S. Embassy in Ankara earlier this month.
It was the second major sweep against suspected members of the Revolutionary People's Liberation Party-Front, or DHKP-C, since January. It wasn't immediately clear if the arrests were directly linked to the embassy bombing which killed a Turkish security guard on Feb. 1.
The Anadolu Agency said Tuesday police were arresting dozens of people in 28 provinces across Turkey.
The DHKP-C has claimed responsibility for assassinations and bombings since the 1970s but had been relatively quiet in recent years.
It was the second major sweep against suspected members of the Revolutionary People's Liberation Party-Front, or DHKP-C, since January. It wasn't immediately clear if the arrests were directly linked to the embassy bombing which killed a Turkish security guard on Feb. 1.
The Anadolu Agency said Tuesday police were arresting dozens of people in 28 provinces across Turkey.
The DHKP-C has claimed responsibility for assassinations and bombings since the 1970s but had been relatively quiet in recent years.
PRETORIA, South Africa (AP) - A South African prosecutor charges Olympian Oscar Pistorius with the premeditated murder of his model girlfriend.
The prosecutor said Tuesday that Pistorius shot 29 year old Reeva Steenkamp four times through the bathroom door of his home in a guarded and gated complex in the South African capital, Pretoria. Prosecutor Gerrie Nel told the court the door had been broken open.
The family of the 26 year old Paralympian and Olympic athlete says police evidence will show there should be no murder charge in the Valentine's Day shooting.
Pistorius, in a gray suit, blue shirt and tie appeared grim and solemn in court. He nodded after the chief magistrate asked if he was well.
The prosecutor said Tuesday that Pistorius shot 29 year old Reeva Steenkamp four times through the bathroom door of his home in a guarded and gated complex in the South African capital, Pretoria. Prosecutor Gerrie Nel told the court the door had been broken open.
The family of the 26 year old Paralympian and Olympic athlete says police evidence will show there should be no murder charge in the Valentine's Day shooting.
Pistorius, in a gray suit, blue shirt and tie appeared grim and solemn in court. He nodded after the chief magistrate asked if he was well.
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