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Target Sued by Florida Pension Board Over DEI Practices

Florida's pension board has sued Target over its handling of DEI initiatives, claiming it caused a drop in stock prices due to backlash against its Pride collection. The lawsuit comes amid other legal challenges against the retailer's DEI practices.

Hasbro Earnings: Toymaker Explodes 11% on Strong Profits, Upbeat Outlook

Hasbro (HAS) shares surge 11% after smashing Q4 profit estimates and offering upbeat longer-term guidance. Despite tariff headwinds, the toy industry is expected to stabilize and Hasbro is well-positioned to benefit with a strong innovation portfolio and cost-saving initiatives. Earnings analysis and executive commentary included.

Car finance mis-selling scandal threatens £5.5bn black hole for Treasury

Chancellor Rachel Reeves faces a £5.5bn black hole in public finances due to the car loan mis-selling scandal, threatening her fiscal targets. Treasury officials warn that major firms could use compensation payments to reduce corporate tax bills, exacerbating the challenge of balancing the books amid weak growth and higher borrowing costs.

Fed Vice Chair cautions against weakening bank rules

Fed Vice Chair for Supervision warns against diluting bank regulations

Leonardo Identifies New Industrial Partner for Aerostructures Unit

Italian defense group Leonardo has identified a new industrial partner for its aerostructures unit, which has been struggling due to problems at Boeing. CEO Roberto Cingolani said the group is fully committed to finding a solution and will announce a broader plan to overhaul the unit on March 11.

Amazon Gains Creative Control of 'James Bond' Franchise

Amazon's MGM Studios Acquires Creative Control of 'James Bond' Franchise

Walmart CFO Addresses Fears About Future Growth

Walmart's CFO seeks to calm investor concerns about 2025 sales growth, despite conservative guidance and share price drop. The company cites economic uncertainty and inflationary challenges, but emphasizes strong performance in core businesses and growth in newer ventures.

Hasbro's Q4 Earnings Smash Estimates, Guidance Upbeat

Hasbro stock surged 11% after the company exceeded Q4 profit estimates and provided a positive long-term outlook. The toymaker aims to cut costs by $1 billion by 2027. Despite tariff concerns, Hasbro's CEO expects pricing adjustments to offset pressures, while analysts foresee continued growth for toy stocks.

ILA Head Tells Rank and File Contract Vote 'Obstacle' to Overcome

ILA President Harold Daggett seeks member ratification of a tentative contract that includes a 62% pay raise over six years and improved job protections.

Apollo, Sycamore Among Bidders for Dollar Tree's Family Dollar

Private equity firms Apollo Global Management and Sycamore Partners are among the bidders competing to acquire Family Dollar, a discount retail brand operated by Dollar Tree (DLTR). Brigade Capital Management has also expressed interest in buying Family Dollar, though a deal is not imminent.