Office Depot To Close 400 StoresAs a result of their merger with OfficeMax, Boca Raton-based Office Depot plans to close at least 400 stores nationwide to reduce their overlap of retail locations.
Internet Tax Bill Sails Past Senate VoteThe U.S. Senate voted overwhelmingly today to endorse levying Internet sales taxes on American shoppers, despite warnings from a handful of senators that the proposal is antibusiness, harmful to taxpayers, and will be a "bureaucratic nightmare."
Bill That Taxes Online Purchases Faces Senate Vote This WeekInternet tax supporters are hoping that a vote in the U.S. Senate as early as today will finally give them enough political leverage to require Americans to pay sales taxes when shopping online.
South-Florida-Based Office Depot Buys Office MaxOffice Depot Inc. (ODP) said Wednesday it agreed to buy OfficeMax (OMX) in an all-stock deal that would transform the $21 billion office supply retail sector.
Office Depot and OfficeMax May MergeTwo major office supply stores are in talks to become one. Boca Raton-based Office Depot is reportedly in merger talks with OfficeMax.