A Tuesday report by the Wall Street Journal said that activist hedge fund Starboard Value has added former Home Depot and Chrysler executive Robert Nardelli and ex-Staples vice chairman Joseph Vassalluzzo as advisors – part of Starboard’s plan to make sweeping changes at Office Depot Inc.

Robert Nardelli, former Home Depot and Chrysler CEO, said he is stepping down from his current post as CEO of firearms maker Freedom Group.

The Subway restaurant chain announced that a franchisee in Toledo, Ohio, has opened the brand's 8,000th non-traditional location— in a two million-sq.-ft. automobile assembly facility that produces Jeep and Chrysler vehicles.

American Eagle Outfitters Inc. officially announced the retirement of its chief executive officer. The chain, which has seen its seen sales falter of late, also posted a 47% rise in profits for the fourth quarter on cost-cutting.

Bentonville, Ark., Wal-Mart...