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Major toy maker Hasbro to buy out ‘Peppa Pig’ owner eOne for $4 billion

8 hours ago DieselGasoil Comments Off on Major toy maker Hasbro to buy out ‘Peppa Pig’ owner eOne for $4 billion
Top American toy maker Hasbro has announced a deal to acquire the owner of popular children’s series “Peppa Pig” Entertainment One (eOne) for approximately £3.3 billion (US$4 billion). The share price of Canadian studio eOne, which trades on the London Stock Exchange, surged more than 30 percent on Friday, less than 24 hours after the Read More

Shares in Peppa Pig owner jump 30% after Hasbro’s $4 billion offer

11 hours ago DieselGasoil Comments Off on Shares in Peppa Pig owner jump 30% after Hasbro’s $4 billion offer
FILE PHOTO – A Jenga game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration (Reuters) – Shares of Entertainment One (ETO.L) rose nearly 30% on Friday, a day after U.S. toy maker Hasbro Inc (HAS.O) offered to buy the owner of popular children’s television show “Peppa Pig” for about Read More

Indian health ministry seeks to ban e-cigarettes & curb ‘gateway’ vaping amid 900k tobacco deaths

17 hours ago DieselGasoil Comments Off on Indian health ministry seeks to ban e-cigarettes & curb ‘gateway’ vaping amid 900k tobacco deaths
Concerned that aside from the long-term health effects, e-cigarettes may encourage more tobacco smoking among youth, India’s health ministry is reportedly urging the government to ban the production and imports of vaporizers. “E-cigarettes and similar technologies that encourage tobacco use or adversely impact public health are hazardous for an active as well as passive user,” Read More

Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal

19 hours ago DieselGasoil Comments Off on Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal
(Reuters) – Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August Read More

Gap same-store sales disappoint as Old Navy struggles

22 hours ago DieselGasoil Comments Off on Gap same-store sales disappoint as Old Navy struggles
FILE PHOTO: People pass by the GAP clothing retail store in Manhattan, New York, U.S., August 15, 2016. REUTERS/Eduardo Munoz /File Photo (Reuters) – Gap Inc (GPS.N) posted quarterly same-store sales that fell short of analysts’ estimates on Thursday, as Old Navy suffered its worse comparable sales figures in three years ahead of a planned Read More

Hasbro to buy studio Entertainment One for $4 billion

22 hours ago DieselGasoil Comments Off on Hasbro to buy studio Entertainment One for $4 billion
FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration SAN FRANCISCO (Reuters) – U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion in cash, adding the independent studio with preschool brands such as Peppa Pig to the U.S. company Read More

Westport Fuel Systems Announces New Chief Financial Officer

23 hours ago DieselGasoil Comments Off on Westport Fuel Systems Announces New Chief Financial Officer
VANCOUVER, B.C., Aug. 22, 2019 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems“) (TSX:WPRT / Nasdaq:WPRT) today announced the appointment of Richard Orazietti as Chief Financial Officer (“CFO“) effective September 3, 2019. Mr. Orazietti has had a distinguished career as a finance leader with expertise across multiple finance disciplines and extensive experience working Read More

Wall St. falls after disappointing data, Fed policymakers dampen rate cut hopes

1 day ago DieselGasoil Comments Off on Wall St. falls after disappointing data, Fed policymakers dampen rate cut hopes
(Reuters) – U.S. stocks turned lower on Thursday as the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate cuts overshadowed an initial boost from upbeat retail earnings. IHS Markit said its “flash” survey on new orders for U.S. manufactured goods fell to 49.5 in August, over concerns Read More

Nordstrom beats profit estimates as it clears inventory faster and sells more online

2 days ago DieselGasoil Comments Off on Nordstrom beats profit estimates as it clears inventory faster and sells more online
(Reuters) – Upscale U.S. retailer Nordstrom Inc (JWN.N) reported a better-than-expected quarterly profit on Wednesday as it said it had cut costs and cleared more inventory, sending its shares up 10% in extended trading. FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking/File Photo The Seattle-based company, which sells Read More

Target shares surge on same-day delivery boost

2 days ago DieselGasoil Comments Off on Target shares surge on same-day delivery boost
(Reuters) – Target Corp raised its profit outlook for the year on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores in the second quarter, sending shares up 17% to a record high. FILE PHOTO: An empty shopping cart stands outside a target store during a Black Read More