February 7, 2007 |
Hasbro Inc. is recalling nearly 1 million Easy-Bake ovens because children may be burned or injured while playing with the toy. The recall affects all ovens sold since May, the Consumer Product Safety Commission said Tuesday. The latest version of the classic toy, which debuted in 1963, heats food like a toaster oven would, instead of by using a light bulb.
December 30, 2006 |
Rubik's rises again. The multicolored cube that swept the U.S. when it was first released in 1980 is surging in popularity, buoyed by a cameo in the recent hit movie "The Pursuit of Happyness," and a renewed interest in back-to-basics toys. Barbie dolls, Cabbage Patch Kids and the Teenage Mutant Ninja Turtles are hot -- no batteries or instruction manuals required.
September 13, 2006 |
New York's Times Square is the new Boardwalk, the property with the highest rent, in Hasbro Inc.'s Monopoly "Here & Now" edition, set to arrive at store shelves on Thursday. About 3.5-million Internet votes were cast in a survey by Hasbro that asked consumers to determine which landmarks from 22 U.S. cities would replace game-board spaces named after streets in Atlantic City, N.J., said Mark Blecher, senior vice president for marketing at Hasbro Games.
April 25, 2006 |
Toy maker Hasbro Inc. reported a wider loss for the first quarter and said the second quarter would be challenging as the company braces for a falloff in "Star Wars" merchandise sales. The first-quarter loss of $4.9 million, or 3 cents a share, for the three months ended April 2, was blamed largely on foreign currency fluctuation and new accounting rules for stock options. In the same quarter last year, Hasbro lost $3.7 million, or 2 cents a share.
February 7, 2006 |
Strong sales of Star Wars merchandise drove Hasbro Inc.'s fourth-quarter profit up 15%, exceeding Wall Street's expectations. But game sales declined nearly 13%, and the nation's second-largest toy maker conceded Monday that it would face a tough challenge from a drop-off in Star Wars toy interest as last May's release of "Star Wars: Episode III Revenge of the Sith" becomes a more-distant memory.
January 10, 2006 |
Will Spidey Sense be a match for the Force? That's certainly the hope of toy maker Hasbro Inc., which Monday announced a licensing deal with Marvel Entertainment Inc. -- home to Spider-Man, the X-Men and Captain America -- to make toys, games and other products based on its more than 5,000 characters.
July 19, 2005 |
Helped by strong sales of "Star Wars" merchandise, toy maker Hasbro Inc. reported a 56% jump in second-quarter profit Monday while rival Mattel Inc. posted disappointing results as costs rose and its Barbie franchise continued to sputter. It was the seventh straight quarter of sliding sales for Mattel's largest product line. A makeover last year designed to make the blond icon more appealing to older girls hasn't stemmed the downturn.
September 10, 2004 |
Hasbro Inc., the world's No. 2 toy maker, recalled about 230,000 Super Soaker Monster Rockets because of injuries to users and bystanders. Hasbro received reports of three injuries to users of the 7-foot-tall inflatable Mylar rockets, including a slight concussion and a cut requiring stitches, and four injuries to children struck by descending rockets, the Consumer Product Safety Commission said. Consumers should stop using the rockets immediately and can contact Pawtucket, R.I.
August 17, 2004 |
Shares of top toy maker Mattel Inc. and rival Hasbro Inc. fell to their lowest levels in at least 14 months Monday after a downgrade by Lehman Bros., which cited deteriorating industry conditions. Analyst Felicia Kantor Hendrix cut Mattel's rating to underweight from overweight and Hasbro to underweight from equal weight, citing "eroding industry fundamentals."
February 10, 2004 |
Hasbro Inc., the nation's second-largest toy maker behind Mattel Inc., said its earnings rose 23% in its fiscal fourth quarter due to strong sales of new products, classic board games and core brands. The Pawtucket, R.I.-based firm said profit rose to $76.6 million, or 43 cents a share, in the three months ended Dec. 28, from $62.2 million, or 36 cents, a year earlier. Results included charges of $18.