Hasbro's CFO Sharpens Focus on Cost Savings as Toy Shoppers Pull Back

After a punishing year, the maker of Nerf balls and Play-Doh is looking for big savings in its production process to reinvest in its toy and game business, says Finance Chief Gina Goetter. 


 
Will Zoom Ever Soar Again?

Latest results helped by low expectations and a stock buyback, though growth remains sluggish. 


 
China's EV Champion is Coming for Your Gas Powered Cars, Too

Competition in China's car market is getting even more intense. That means cheaper Chinese electric vehicles. It is also terrible news for China's competitors abroad. 


 
Disney's Head of Live-Action Movies to Step Down

Sean Bailey, who has overseen live-action movies for Disney's namesake studio since 2010, will step down. He will be succeeded by David Greenbaum. 


 
Chevron's $53 Billion Deal for Hess in Jeopardy on Possible Exxon Challenge

The Texas oil company has said it could pre-emptively match the price Chevron offered Hess for its 30% stake in a booming oil prospect off Guyana's coast. 


 
Puma Sees Weaker First Half of 2024

Puma kept its dividend unchanged after the devaluation of the Argentine peso weighed on profitability for the fourth quarter, and said it expected geopolitical tensions and inflation to continue damping consumer sentiment, particularly in the first half of 2024. 


 
Expedia to Reduce Workforce by 9% Amid Transformational Efforts

The online travel company said it has already started to notify the 1,500 employees affected by the restructuring program. 


 
EQT Closes Tenth Flagship Fund With Nearly $24 Billion

The firm's new vehicle is the third-largest buyout fund ever raised by a European asset manager. 


 
Renovus Capital Rides Secondary Wave, Raising $325 Million

Growth investor Renovus Capital Partners raised about $325 million for a vehicle to hold four portfolio companies, taking advantage of investor interest in backing private-equity firms seeking to retain certain assets through so-called continuation funds. 


 
Affinity Equity to Call Bids for Malaysia Hospital

Buyout firm Affinity Equity Partners will start a bidding process in April for the sale of one of Malaysia's largest healthcare providers, which may fetch more than $800 million.


(END) Dow Jones Newswires

02-27-24 0715ET