Business

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.

Published on: February 20, 2025, 08:02 PM UTC

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.

Published on: February 20, 2025, 08:02 PM UTC

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.

Published on: February 20, 2025, 08:00 PM UTC

Fed Vice Chair for Supervision warns against diluting bank regulations

Published on: February 20, 2025, 08:00 PM UTC

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.

Published on: February 20, 2025, 07:03 PM UTC

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

Published on: February 20, 2025, 07:03 PM UTC

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.

Published on: February 20, 2025, 07:02 PM UTC

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.

Published on: February 20, 2025, 07:02 PM UTC

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

Published on: February 20, 2025, 07:01 PM UTC

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.

Published on: February 20, 2025, 07:00 PM UTC