The Ticker

Starboard pushes Staples board changes

Activist investor Starboard is recommending that Staples improve the makeup of its board to help ensure its approximately $6 billion acquisition of Office Depot pays off.

Starboard Value LP, which holds a 4.5 percent owner­ship stake in the Framingham-based office supplies re­tailer, sent a letter to the Staples Inc. board yesterday, saying it believed "it would be beneficial to improve the composition of the board to ensure successful deal completion and efficient integration of the two companies."

Staples announced last month it is spending about $6 billion to buy its rival, Office Depot Inc. In January, Starboard publicly urged Staples to make a move on Office Depot. Staples did not immediately respond to an email seeking comment.

House boosts Boston Amtrak route

The House of Representatives moved yesterday to boost Amtrak's popular service between Boston and Washington, while giving states a greater say in the local routes they help subsidize.

The bill, approved by a vote of 316 to 101, authorizes $7.2 billion in federal subsidies for passenger rail, including $1.7 billion a year over four years in subsidies for Amtrak.

The bill separates Amtrak's Northeast Corridor service between Boston and Washington from its long-distance routes. That would allow Amtrak to use profits from the money-making corridor for improvements that could speed up trains and enhance service on the route.

The bill would also give officials in 19 states "a seat at the table" with Amtrak when deciding changes and budgets for service in their states.

Online retailer Etsy files IPO

Online retailer Etsy is filing for an initial public offering of stock valued at up to $100 million.

The Brooklyn-based company was founded in June 2005 as a marketplace for handmade goods and craft supplies. It says it had $195.6 million in revenue in 2014, up 56 percent from 2013, and almost 20 million people made at least one purchase through Etsy last year. It reported losses of $15.2 million in 2014 and $800,000 in 2013.

The company says it will use proceeds from the IPO for working capital and general corporate purposes. Etsy Inc. will list its shares on Nasdaq under the ticker symbol "ETSY."

TODAY

• Labor Department releases weekly jobless claims.
• Labor Department releases fourth-quarter productivity data.

TOMORROW

• Labor Department releases employment data for February.
• Warp Drive Bio, a Cambridge life sciences company using proprietary genomic technology to transform the discovery and development of therapeutics derived from natural products, announced the appointment of Laurence Reid, Ph.D., left, as chief executive officer. Reid succeeds CEO and co-founder Gregory Verdine, Ph.D., who will continue to serve the company as president and chief scientific officer. Reid most recently served as the chief business officer of Alnylam Pharmaceuticals Inc.

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