American businesswoman Ruth Handler launched Barbie–named after her daughter Barbara–on March 9, 1959 at the American Toy Fair in New York City. Handler was inspired by a German doll called Bild Lilli.
Category: Toys
5 Recalls this week: Toddler swings, toys, chain saws
More than 500,000 toddler swings are being recalled because the seat can crack or break. Other recalled consumer products include toys with potentially dangerous battery components and chain saws with leaky fuel lines.
What Happened in the Stock Market Today
On the other hand, gold prices hit a three-month high to help produce an 11% spike in the leveraged precious-metal bet, Direxion Daily Gold Miners Bull 3X ETF Hasbro shares soared to a new high after the company announced a strong finish to its 2016 fiscal year. Sales improved 11% over the holiday season to push the company past $5 billion in annual revenue.
Hasbro Shares Are Surging Thanks to Disney — Plus Jim Cramer’s View
Hasbro stock is spiking by 15% to $95.08 a share in morning trading on Monday after the toy company reported strong 2016 fourth-quarter and full-year earnings. Before Monday’s market open, Hasbro posted fourth-quarter earnings of $1.64 a share on $1.6 billion in revenue.
After Mattel’s Brutal Holiday Season, Will Hasbro Look to Swallow Its Rival?
Hasbro has approached Mattel about a merger several times over the past two decades, and could soon do so again. That was the reaction from Columbia business school professor Leonard Sherman, who likened the possibility of Hasbro approaching Mattel about a merger yet again to the poltergeist that haunts the Freeling family in Steven Spielberg’s classic 1982 horror film.
Barclays Cuts Price Target on Hasbro, Mattel
Price targets on toy companies Hasbro and Mattel were each slashed by $2 at Barclays on Wednesday morning, despite a rise in toy sales this holiday season. “With Christmas in the rearview mirror and [fourth quarter] earnings season rapidly approaching, we are updating our estimates for Hasbro and Mattel,” Barclays analyst Felicia Hendrix said in a research note today.