The Ticker

Staples' stock slumps on profit forecast cut

Staples Inc., the world's largest office supplies chain, slumped the most in more than two years after cutting its annual profit forecast because of declines in its retail and international business. The shares slid 15 percent to $14.27 at yesterday's close in New York for the largest drop since May 18, 2011. Staples has gained 25 percent this year, compared with a 15 percent increase for the Standard & Poor's 500 Index.

Fed seems on track to slow bond buys

The Federal Reserve appears on track to slow its bond purchases by the end of this year if the economy continues to improve. But it remains divided over the exact timing of the move. That's the message from the minutes of the Fed's July 30-31 meeting released yesterday.

A few policy makers said they wanted to assess more economic data before deciding when to scale back the central bank's $85 billion a month in Treasury and mortgage bond purchases. These policy makers "emphasized the importance of being patient," the minutes said.

Huff Post to end anonymous comments

The Huffington Post will end anonymous commenting on the site, Arianna Huffington told media in Boston yesterday. Citing an increase in malicious comments, she said the site, which has received 260 million comments since its inception, will make the change in mid-September.

"Trolls are just getting more and more aggressive and uglier and I just came from London where there are rape and death threats," she said.

TODAY

 Labor Department releases weekly jobless claims

 Freddie Mac, the mortgage company, releases weekly mortgage rates

 Gap Inc., Sears Holdings Corp. report quarterly financial results.

TOMORROW

 Commerce Department releases new home sales for July.

 TD Bank has named Theresa K. Conroy, left, as vice president, relationship manager, based in Boston. She is responsible for providing full-service solutions, including lending, cash management, deposits and foreign exchange to commercial banking customers in Greater Boston. Conroy has nine years of experience in commercial banking and lending. Previously, she served as a credit officer with Sovereign Bank/Santander in Boston.

 Wood Palace Kitchens, a premier cabinetry distributor representing select manufacturers and providing turnkey services for customers, announces the appointment of Barbara Spaulding as kitchen designer and sales representative. In this dual role, Spaulding works with customers to custom design their kitchens, in addition to developing new business.

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