17-0 - Roger Federer extends career-best unbeaten streak
Kasatkina beats Wozniacki to reach quarter-finals at Indian Wells Masters
Bi-Lo, Winn-Dixie parent filing for bankruptcy
More Pets Are Dying On United Flights Than Any Other US Airline
Million Watch Amazon Prime Video
Hasbro makes takeover offer for Mattel
13 November 2017, 12:25 | Kenneth Drake
Hasbro Makes Bid For Rival Toymaker Mattel
Photo Barbie, one of Mattel's biggest properties, would move under the Hasbro banner if Hasbro succeeds in acquiring its rival.
According to a report on the WSJ, Hasbro had recently approached Mattel with the deal.
Shares in Mattel reacted positively to the news as they shot up by 24% during Friday afterhours trading.
The Wall Street Journal reported the talks, citing sources familiar with the matter. The terms of a potential deal could not be learned, the newspaper said. It blamed some of the decline on the recent bankruptcy filing of retailer Toys R Us Inc.
Hasbro, based in Pawtucket, R.I., makes toys products such as Transformers, G.I. Joe figures, My Little Pony, Nerf and Play-Doh, as well as games such as Monopoly, Scrabble and Twister.
Two weeks back, Mattel suspended its dividend and Chief Executive Margo Georgiadis, who took the job in January, warned the company would miss its full-year revenue forecast. Shares of Mattel have dropped by 47% during the year, valuing the business at just over $4.8 billion and making it a target for a takeover. Hasbro has a value of about $11-billion after a near 18 per cent increase in its stock price in 2017.
Hasbro, Inc. shares closed at $91.45 on Friday, up $2.76 (+3.11%).
Mattel and Hasbro have held talks a number of times in the past, including as long ago as 1996 and as recently as late in 2015.
Apple will create a augmented reality headset
It is not the first time when we noticed what Apple thinks, is the ideal form-factor for an AR headset. The iPhone was Apple's last big technology breakthrough when it launched 10 years ago.
Woman Pleads Guilty To Incest After Marrying Her Mother
An Oklahoma woman was sentenced on Tuesday after pleading guilty to incest for marrying her biological mother past year . The DHS worker said Patricia Spann never reported that she had married her biological son in Comanche County in 2008.
Veterans honored at Richfield Springs Central School
There will be a soup, bake and craft sale with vendors at the Beech Creek-Blanchard Fire Company Social Hall from 9 a.m.to 4 p.m. Groups from the school system participating included music ensembles from Veterans Elementary and the Howard High School JROTC.
First ACA signups under Trump exceeding last year's pace
The federal Department of Health and Human Services is also not spending as much on advertising open enrollment this year. The site logged in over 1 million visitors on the first day of enrollment , compared to 750,000 visits in 2016.