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*Deal to expand Mattel's construction, arts and crafts toys. Feb 28- Mattel Inc, the world's No. 1 toymaker, offered to buy Canada's Mega Brands Inc for about $460 million to better compete with Denmark's Lego, the leader in the fast-growing market for building blocks.
*Citigroup lowers 2013 profit as a result of fraud. *Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures pointed to a slightly lower open on Wall Street Friday, with the S&P 500 coming off a record close and after the U.S. government slashed its estimate for fourth-quarter economic growth.
*Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures dipped on Friday, with investors reluctant to make big bets after the S&P 500 closed at a record and ahead of closely watched data on economic growth.
*Offers C $17.75 per Mega Brands share, premium of 36 pct. Feb 28- Mattel Inc, the world's No. 1 toymaker, said it agreed to buy Canada's Mega Brands Inc for about $460 million, including debt, to expand its construction and arts and crafts offerings.
Feb 28- Toy company Mattel Inc said it offered to buy Canada's Mega Brands Inc for about $460 million, including debt. Mattel will pay C $17.75 per Mega Brands share, representing a premium of 36 percent to the stock's close on Thursday. Mega Brands makes construction toys, games and puzzles and arts and crafts.
Toymakers are already looking ahead to find the next hot holiday toy. Could one of these 16 be a contender?
Feb 10- Hasbro Inc touted a series of toys based on the fourth "Transformers" sequel and other upcoming films, overshadowing concern about its weak North American holiday season and sending its shares up nearly 6 percent.
Hasbro reported lower-than-expected quarterly results on weak sales in North America during the holiday season.
Hasbro, the second-largest U.S. toy company, said its net earnings in the fourth quarter fell to $129.8 million, or 98 cents a share, from $130.3 million, or 99 cents a share, a year earlier. Excluding restructuring charges and other items, Hasbro earned $1.12 a share, missing the analysts' average estimate of $1.22, according to Thomson Reuters I/B/E/S.
Lately, a catalyst has been popping up in the market that’s somewhat unpredictable. And it's playing havoc with stocks.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
U.S. stocks fell sharply on Friday on continuing worries about emerging markets.
*Amazon.com shares tumble after earnings disappoint. *Wal-Mart cuts outlook due to store closings. NEW YORK, Jan 31- U.S. stocks fell on Friday, with the S&P 500 on track for its first monthly loss since August as disappointing corporate earnings from big companies like Amazon.com and concerns about the euro zone and emerging markets kept investors on edge.
*Wal-Mart cuts outlook; shares off in premarket trade. NEW YORK, Jan 31- U.S. stocks retreated on Friday, on course for their first monthly decline since August, in the wake of weak earnings reports by companies like Amazon and Walmart and concerns about declining currencies in emerging markets.
*Mattel shares plunge after fourth-quarter results. *Wal-Mart cuts outlook; shares off in premarket trade. NEW YORK, Jan 31- Wall Street was poised to tumble at the open on Friday and was set for its first monthly decline since August, hurt by weaker-than-expected inflation data in the euro zone and ongoing concerns about turbulence in emerging markets.
*Mattel shares plunge after fourth-quarter results. *Mattel Inc shares declined nearly 7 percent in premarket trade after the world's largest toy company's fourth quarter profit missed Wall Street's estimates.
Some of the names on the move ahead of the open.
Jan 31- No. 1 toy company Mattel Inc missed Wall Street's profit and sales estimates for the fourth quarter on weak demand in the United States during the all-important holiday selling season. For Mattel, gross sales fell 10 percent in North America.
NEW YORK, Jan 31- Mattel Inc missed Wall Street's profit estimates for the fourth quarter on weak demand in the United States during the all-important holiday selling season. The world's largest toy company said on Friday that its net income was $369.2 million, or $1.07 a share, compared with $306.5 million, or 87 cents a share, a year earlier.
As January comes to a close, the stock market is down about 3 percent, and it has set the tone for a much more challenging year.