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Hasbro Inc

BUSINESS
March 17, 1998 | From Reuters
Hasbro Inc. expanded its offerings of video games, acquiring more than 75 Atari properties--including the classics Centipede, Missile Command, Pong, Breakout and Tempest--from San Jose-based JTS Corp. The purchase price was not disclosed. The toy maker's Hasbro Interactive unit said it will produce the games for use on personal computers and the Sony PlayStation video game console.
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BUSINESS
February 10, 1998 | Bloomberg News
Hasbro Inc. said it will buy Tiger Electronics Inc., the maker of Giga Pets and Laser Tag, for $335 million in cash to boost its share of the growing market for electronic toys. The world's No. 2 toy maker said it will pay an additional sum for tooling, equipment, inventory and certain prepaid assets of Tiger, a closely held company based in Vernon Hills, Ill. The amount wasn't disclosed. The move comes as Pawtucket, R.I.-based Hasbro seeks to increase sales and earnings to catch up to No.
BUSINESS
February 6, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
G.I. Joe jilted Barbie, yet it's Joe who's still trying to get over it. Two years after rejecting a $5.2-billion buyout offer from toy industry leader Mattel Inc., No. 2 Hasbro Inc. lags far behind its rival in stock performance and is struggling to justify its decision to stay independent.
BUSINESS
December 10, 1997 | From Times Wire Services
Philip Morris Cos. and toy maker Hasbro Inc. delivered bleak Christmas tidings to their work forces on Tuesday with layoff announcements. Philip Morris said it will slash 2,500 jobs to restructure its international food business, hoping to make the sluggish division as profitable as the company's North American tobacco and food businesses. Hasbro said it also plans to cut about 2,500 positions, or 20% of its work force.
BUSINESS
April 19, 1997 | Bloomberg News
Hasbro Inc. will pay a $120,000 penalty and revoke advertising claiming that toys treated with a certain antibacterial pesticide protect children, the U.S. Environmental Protection Agency said. Overall, the agreement with the EPA is expected to cost Hasbro "well in excess of a million dollars," the agency said. Pawtucket, R.I.
BUSINESS
March 14, 1996 | From Associated Press
Former junk bond king Michael Milken and Oracle Systems Corp. Chairman Larry Ellison said Wednesday they are forming a new company that will use advances in technology and entertainment to improve education. Possible projects for Educational Technologies could include the development of networked computer stations and education software to run on them, Milken said. "This is a passion with me.
BUSINESS
February 3, 1996 | GEORGE WHITE, TIMES STAFF WRITER
Toy industry giant Mattel Inc. on Friday withdrew its $5.2-billion offer for Hasbro Inc., saying the No. 2 toy maker's "scorched-earth campaign" opposing the deal ruined prospects for quick regulatory approval. Hasbro "elected to take drastic steps, both politically and through the media, to greatly increase the difficulty of achieving a merger in a timely manner," John Amerman, chairman of El Segundo-based Mattel, said in a letter to its rival Friday.
BUSINESS
February 3, 1996 | From Bloomberg Business News
Lord Licorice would not be amused. A Seattle company is using the name Candyland for an Internet site containing sexually explicit text and photographs. Toy maker Hasbro Inc. is suing the company, Internet Entertainment Group, in federal court, claiming that Hasbro has exclusive rights to use the trademark Candy Land name of its board game for children. Pawtucket, R.I.-based Hasbro argues in its suit that Internet Entertainment is sullying the name of a wholesome children's game.
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