Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
The president may have more success in the court fights to come, including appeals in the cases decided this week. But the two losses are nonetheless a dramatic setback for...Politicsread more
"We didn't know that it was going to happen, and obviously when you first hear about this you take a few days off. We wanted to understand exactly what the impact might be," Goldner told "Mad Money " host Jim Cramer after earnings.
While Hasbro's quarterly report beat Wall Street estimates, shares of the toy maker fell over 8 percent intraday on muted guidance for holiday sales related to Toys R Us' bankruptcy filing.
On Hasbro's conference call, Goldner called the near-term effect of the Toys R Us news "disruptive" and told listeners that Hasbro had paused shipments while the company waited for clarity on the toy seller's situation.
"It's taken us a month to get a plan together and a new agreement with them which we've signed just a few days ago," Goldner told Cramer.
The CEO added that Hasbro has taken steps to broaden its end markets so that situations like these don't stymie the toy maker's sales prospects in the long run.
"Toys R Us has been a great partner for us and has grown, but we've also grown our retail footprint," he said. "We're making new and differentiated product that goes to a bigger retail footprint around the world, to value stores and dollar stores, to mass retail and, of course, to omni-channel and online."
Goldner also said that Hasbro's management has been working to alter old contracts with online sellers, improve price points for their products and innovate new toy lines to prevent single-handed hits to sales like Toys R Us'.
"What we see is a growing retail environment and, certainly, long term, 2018 and beyond, we don't see this persisting as an issue," Goldner said.
And with less than two months left until the rush of holiday season, Goldner said that Hasbro's relationship with Toys R Us will remain intact, if slightly re-formulated.
"We wanted to be very clear that we are making a new plan with them, we are shipping them, they are partnering with us, we are partnering with them," the CEO said. "We believe that we can grow together, but again, we had to re-look at our plan for the rest of the year given how close we are to the holidays and how important these months are to our business."