Hasbro reported a 43 percent jump in quarterly profit, helped by higher demand for its Transformers, Marvel and Stars Wars action figures.» Read More
I attended the "Transformers" premiere Wednesday night--and my first star spotting epitomized the importance of the film for its parent company. It was Sumner Redstone (he qualifies as a star for the CNBC set) and he was slowly retreating from the hubbub of the red carpet and (surrounded by bodyguards) slipping into a black car.
Infosys, Disney, Monster and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Everyone's talking about the New York Times piece on Creative Artists Agency losing Hasbro. Now everyone's wondering if CAA's trying to do too much for too many. CAA has said its going for 100% market share. But does that really make sense in an industry where you don't want to be represented by the same company as your competitor is.
M&A news and earnings updates provided some of the catalysts for Monday's most actively traded stocks.
Stocks closed lower as cautious comments from GM and Pfizer snapped the Dow's seven-day winning streak. "We've seen a really good move in the market and a little consolidation is healthy," said Bill Nichols, managing director of equity trading for Bear Stearns. "After being higher so much, a little profit-taking is only natural."
Hasbro Monday posted a profit that trounced expectations, on strong sales of Spiderman toys and its Littlest Pet Shop and Playskool brands.
With MP3 players and video games eating into sales, toymakers are embracing technology, saying "if you can't beat 'em, join 'em." That strategy will be on display at the American International Toy Fair Show in New York starting Sunday.
Posh FAO Schwarz in Manhattan is jammed with shoppers -- but CNBC's Margaret Brennan says big-box stores like Wal-Mart grab some 57% of all toy sales.