THE NEWS: Toy maker Mattel said Tuesday that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter. But results indicate that Mattel is outperforming its rivals so far as it heads into the crucial holiday season, when toy makers can earn up to 40 percent of annual revenue.
NEW YORK-- Mattel says that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter, providing a bit of early holiday cheer for the largest U.S. toy maker.
EL SEGUNDO, Calif.-- Strong sales of American Girl dolls and Fisher-Price toys helped boost Mattel's third-quarter results, setting the stage for the biggest U.S. toy maker ahead of the critical holiday season.
In addition, Hasbro, which makes Scrabble board games and Transformers action figures, is facing some company specific issues, such as an overdependence on traditional board games and boys' toys, categories likely to shrink. Kelter downgraded Hasbro to "Sell" from "Neutral" and cut its 12- month price target by $2 to $32.
NEW YORK-- Analysts expect that Mattel Inc.' s third-quarter net income and revenue to rise as shoppers snap up its Monster High and Barbie dolls, among other toys, ahead of the busy holiday season.
Oct 10- Hastings Rare Metals Ltd:.
Wal-Mart, Kmart and Toys R Us all report toys like kids' tablet LeapPad2, robotic pet Furby, and Power Wheels battery-powered cars are all popular layaway items.
*Seymour pierce raises Hays Plc to buy from hold For a summary of rating actions and price target changes on European companies:. Reuters Eikon users, click on. Reuters Station users, click. 1580.
Layaway provides a lure for customers who might not have cash on hand to pay for holiday presents. But the service can also make it harder for retailers to manage inventory, and some customers never pay off their contracts. Sears Holdings weighs in on why the rewards outweigh the risks.
FRANKFURT, Oct 5- Private equity group HgCapital. On its Internet page, HgCapital signalled that Schleich would eventually be put on the block. Peers like Hasbro and Mattel trade at 7-9 times earnings before interest, taxes, depreciation and amortization, a level that HgCapital is hoping to cash in as well, the sources said.
*Seadrill may move to London, Singapore* CEO Thorkildsen disagreed with move, leaves firm.
*Seadrill may move to London, Singapore.
With nearly seven in 10 Americans planning to celebrate Halloween, Oct. 31 is one of the fastest growing holidays of the year. Click to see some of the trendiest adult costumes for 2012.
If you were checking out the latest hot holiday toy lists and are filled with a slight sense of deja vu, you are probably not alone. Several major toy retailers —Toys ‘R Us, Wal-Mart Stores, Sears Holdings’ Kmart – have weighed in with their picks for this year’s hottest toys. Topping those lists are retro brands like Furby, Lego, Barbie, and new editions of brands that were popular last year.
What will the hot holiday toys be this year? Retailers such as Toys ‘R Us, Wal-Mart, Kmart, and Kohl’s have weighed in with their choices for this year's must-have toys.
The file-sharing news website TorrentFreak.com released a list of the 10 most-pirated movies of all time, compiled from BitTorrent tracking data since 2006.
In the throwdown between superhero stocks, who would win? The "Mad Money" host has the answer.
Stocks staged a strong comeback from their lows Monday, with the Dow posting a triple-digit recovery, but all three major indexes still finished in the red amid fresh worries over the euro zone.
Threats of television programming blackouts have become begrudgingly accepted by adults who know what these financial fights are all about.
It's only July but we can tell you right now what the kids are going to want once the holidays roll around.