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Hasbro Slides After Results Fall Short of Rival Mattel’s

(Bloomberg) — Hasbro Inc. slipped in early trading after reporting third-quarter sales that didn’t wow investors as much as rival Mattel Inc.’s results did last week.Hasbro, the largest U.S. toymaker, said Monday that revenue fell 4% on a pro forma basis to $1.78 billion. That beat analysts’ predictions of $1.74 billion. Excluding Entertainment One, which Hasbro acquired earlier this year, revenue rose 13%. Adjusted profit was $1.88 a share, topping estimates of $1.60, led by its games segment.Still, Hasbro shares fell as much as 4.1% to $88.25 in premarket trading as traders focused on the contrast with Mattel.While both companies …read more […]

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4 Health Stocks Stonepine Capital Loves (1 Has Gained 233% Since September 29)

Timothy P. Lynch’s Stonepine Capital is a life science-focused hedge fund that seeks to utilize its industry experience to uncover undervalued and under-the-radar health companies. The fund takes a long-term approach to its small number of investments, which are focused on companies that have successfully commercialized products and which are in a strong financial position. […] …read more […]

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Stock market news live updates: Stock futures sink as U.S., Europe battle virus resurgence

Stock futures pointed sharply lower Monday morning as new data showed a jump in COVID-19 cases in both the U.S. and Europe. Restrictions tightened across major countries overseas, raising the specter of a further pullback in business operations and deeper anchor on global economic activity. …read more […]

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Libya Reopens Last Major Oil Field in Another Blow to OPEC+

(Bloomberg) — Libya is set to restart the last of its major oil fields following a ceasefire in its civil war, a milestone for the OPEC member that’s been largely offline since January.Oil dropped after the state energy firm lifted force majeure on exports from El Feel on Monday. The move will bolster the Tripoli-based National Oil Corp.’s attempt to boost Libyan production to 1 million barrels each day within a month.The return of Libyan barrels is hindering OPEC+ as it tries to prop up crude prices amid a resurgence in coronavirus cases and with many major economies imposing lockdowns …read more […]