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Report - Starboard Value increases stake in Staples
New York – Activist investor fund Starboard Value has reportedly purchased a 6% stake in Staples Inc. and upped its ownership of Office Depot from 8.6% to 10%. According to the Wall Street Journal, Starboard Value may be positioning itself to pressure the two office supply retailers to merge. -
Report: CVS will open Boston innovation lab
Woonsokcet, R.I. -- CVS Health will reportedly open a 15,000-sq.-ft. digital innovation lab in Boston during the upcoming winter. According to BetaBoston, CVS hopes to ultimately have about 100 employees working at the center, both new hires and workers moved from the CVS headquarters in Woonsocket, R.I.