Hasbro News

A- Shares of toy maker Hasbro Inc. rose on Monday, after an analyst said the company has strong product cycle coming up in 2011 and upgraded the stock.

Sony Pictures Entertainment has acquired the rights to produce a movie based on Hasbro's classic strategy boardgame Risk, offering the delicious possibility that the company might follow it up with Ludo: The Motion Picture and Mahjong: Tiles of Destiny .

Sony Pictures has acquired the motion picture rights to classic board game "Risk," which was invented in 1957 by French filmmaker Albert Lamorisse as "La Conquete du Monde" . Two years later, in 1959, Parker Brothers published the game we all came to know as "Risk." "Risk" was unique because it introduced groundbreaking game concepts.

Sony Pictures Entertainment has acquired from Hasbro, Inc. the motion picture rights to produce RISK, the classic board game brand of world conquest, it was announced today by Doug Belgrad and Matt Tolmach, presidents of Columbia Pictures.

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Universal has hired Tron Legacy writers Edward Kitsis and Adam Horowitz to pen the big screen adaptation of the board game Ouija , according to Heat Vision .

Although a selection committee has been mum on the identity of its choice for the new director of the state's Economic Development Corporation, Governor Carcieri and the group's chairman confirmed the name of one of two finalists: Ioanna T. Morfessis, of Arizona.

NEW YORK & LONDON-- --Deutsche Bank today announced its appointment as successor depositary bank for the New York Stock Exchange -listed American Depositary Receipt program o... REDWOOD CITY, Calif.-- --The Play Label of Electronic Arts Inc.

Santa's on a budget this year. And toy retailers and makers plan to make the best of it by offering more deals.

The quarter included a 3 cents per share hit on its investment in its joint venture with Discovery Communications and initial investments in Hasbro's virtual studio.

Gold futures edged higher Monday, as investors embraced more risk, lifting U.S. stocks and pressuring the dollar while boosting gold's investment appeal.

Wizards of the Coast... Who are these magicians and why are they on our beaches?!? In case the bad humor above flew over your head, today we'll be looking into the powerhouse of the hobby games industry known as Wizards of the Coast.

Hasbro said today third quarter profit rose nearly 9 percent, to $150.4 million, or 99 cents per share, as compared to $138.2 million, or 89 cents per share in the same quarter last year.

In an infamous animated holiday film, a mean, green Grinch steals Christmas from the community dubbed Whoville.

Boston Scientific Corp. , the Natick maker of medical devices, said yesterday it returned to a profit in the third quarter as sales of heart defibrillators held up despite reported hospital cutbacks.

Toys tied to summer blockbusters "G.I. Joe" and "Transformers 2" helped boost Hasbro's third-quarter profit 8.8%, beating Wall Street expectations.

Hasbro Inc., America's second-biggest toymaker, saw profit rise nearly nine per cent in the third quarter as the company trimmed costs amid a slight decline in sales.

Gold futures rose on Monday, as investors embraced more risk, pressuring the dollar, lifting stocks and helping crude-oil futures test new highs for the year above $79 a barrel.

Among the companies whose shares are expected to see active trade in Monday's session are Allion, Apple, Eaton, Facet Biotech, Hasbro, InterDigital, Nokia, Pfizer, TI and Weatherford.

After curtailing ad spending during the holiday season last year, toy maker Hasbro has continued to make cuts so far this year.