General Business News - Hasbro posts 1st-qtr loss, revenue rises (Reuters) Reuters - Hasbro
Hasbro posts 1st-qtr loss, revenue rises (Reuters)
Reuters - Hasbro Inc. , the No. 2 U.S. toy company, on Monday said its quarterly loss narrowed as strong sales of its board games and products like Playskool, Littlest Pet Shop, Nerf and Transformers offset falling "Star Wars" toy sales.
Restructuring charges hit Kimberly-Clark profit (Reuters)
Reuters - Kimberly-Clark Corp. , which makes Kleenex tissues and Huggies diapers, on Monday said first-quarter net income fell nearly 39 percent due to restructuring charges and higher raw material and energy costs.
Interest rates kindle worry (USATODAY.com)
USATODAY.com - Automotive executives are worried that as interest rates climb, customers facing higher auto loan payments might consider putting off purchases. “Interest rates are something that people think about a lot,” Nissan’s Jed Connelly said during USA TODAY’s 2006 Automaker Roundtable.
IMF wins new powers to police global economy (Reuters)
Reuters - The International Monetary Fund won new powers to police the world economy after its 184 member countries endorsed a new framework to monitor how the economic policies of one country affects others.
Xerox quarterly profit dips (Reuters)
Reuters - Xerox Corp., one of the world's biggest makers of copiers and printers, on Monday said its quarterly profit missed Wall Street estimates, hurt by increased costs and a decline in sales of its most expensive black-and-white equipment.
Stocks slip as oil dip hurts energy sector (Reuters)
Reuters - U.S. stocks slipped on Monday as oil prices fell below $75 a barrel, hurting shares of energy companies, including Exxon Mobil Corp. and ConocoPhillips .
Caterpillar reports higher profit; raises forecast (Reuters)
Reuters - Heavy equipment maker Caterpillar Inc. on Monday said first-quarter earnings rose 48 percent, thanks in part to strong sales to mining and energy companies, and it raised its full-year earnings forecast.
Gasoline prices surge to $2.91/gallon (Reuters)
Reuters - The average U.S. retail price of gasoline surged about 9 percent over the past two weeks, pumped up by higher crude oil costs as well as regulatory ethanol-blending requirements, an industry analyst said.