Hasbro Profit Rises, Names New CEO
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PROVIDENCE, R.I. -- Hasbro Inc. reported a hefty 24 percent rise in its fourth-quarter profit on Monday and named a successor to its chief executive who is becoming chairman of the world's second biggest toymaker.
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Toymaker Hasbro Inc. HAS.N said on  Wednesday its full-year net revenue would drop and forecast  earnings well below Wall Street expectations, citing a tough  retail environment and disappointing performance domestically.
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Polo Ralph Lauren Corp. on Wednesday posted a 49 percent jump in profit for its latest quarter as sales of women&#39;s clothing and children&#39;s wear helped results.
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Carnival Corp & Plc   posted a better-than-expected 12 percent rise in quarterly profit on Thursday on stronger pricing and the introduction of new ships during the busy summer cruise season.
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Hasbro Inc HAS.N, the No. 2 U.S. toy  maker, on Monday reported fourth-quarter earnings rose 7.2  percent, after cutting costs to offset a tougher retail  environment and declines at its U.S. toys unit.
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While some of its competitors struggle, Hasbro has another strong quarter.
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MINNEAPOLIS -- Best Buy Co. Inc., the nation's largest consumer electronics retailer, said second-quarter profits rose 8.7 percent on strong international results and tighter spending controls.
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Chocolate maker Hershey Foods Corp.  HSY.N on Wednesday posted an increase in quarterly profit,  helped by sales of new candies and nutrition bars.
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The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls.
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Hasbro Inc , the second-largest  U.S. toy company, expects a 14 percent to 15 percent increase  this year in the costs of made-in-China products due to higher  labor, commodity and currency costs, according to a story on  the Financial Times Web site.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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McGraw-Hill Cos Inc  said on Tuesday its quarterly profit rose 25.4 percent, driven by good results at its Standard & Poor's unit.
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Buoyed by the strong performance of ESPN and its other cable channels, the Walt Disney Company said yesterday that its profit rose 24 percent in its fiscal fourth quarter.
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Chocolate maker Hershey Foods Corp.  HSY.N on Thursday posted a higher-than-expected 16 percent  rise in quarterly profit and said it will get into the cookie  business.
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Carnival Corp. (CCL.N: Quote, Profile, Research) , the world&#39;s biggest cruise group, on Friday said quarterly earnings rose sharply, citing the merger with P&amp;O Princess Cruises last year.
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The retailer's earnings improve a lot despite soft sales.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.