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Staples’ 2Q Big Miss

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    FBN’s Robert Gray with an afternoon market update, plus news that Staples’ second-quarter profit and revenue both missed expectations due to weak ...

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-- I would -- -- Fox Business -- Shares of Staples getting -- -- on the company's disappointing second quarter results on their profit fell by a third from a year ago.

And Staples says it's cutting its full year profit and sales forecasts.

Fedex's chairman and CEO says the company's long term strategies to help but improve our working.

In his annual letter to shareholders Fred Smith says the company believes it will improve its competitive position and -- financial performance.

Over the next several years as a result of the strategy.

And the New York Times has gone overseas to find its new chief executive the company -- -- BBC Director General Mark Thompson to fill but -- office.

Thomson succeeds Janet Robinson who left the times unexpectedly in December.

And that is the latest from the Fox Business Network giving you the power.