Afternoon Coffee: Staples & Office Depot Will Not Merge, Canadian Oil-Sands Facilities Suffer Little Damage from Wildfire

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The proposed merger of Staples and Office Depot is officially dead after a federal judge blocked the $6.3 deal Tuesday. The Federal Trade Commission argued the merger would negatively impact competition in the market.

Canadian oil-sands facilities that shut down due to the Fort McMurray wildfire have suffered little physical damage, if any, from the blaze. Production at some facilities is already starting back up and, at worst, will begin operation in a couple of weeks.

Low demand during the first quarter of the year pushed the cost of new 20-foot dry freight containers to their lowest price since 2002. The containers averaged $1,350 in the first three months of 2016, down from about $1,850 during the first quarter of last year.

Fluent, a blockchain tech startup for global supply chains, reportedly raised $1.65 million in new seed funding. The funding was led by New York-based venture firm ff Venture Capital.

 

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