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Hasbro Cutting 20% of Jobs Amid Weak Toy Sales

The company told employees that toy sales through the first three quarters of 2023 are down from “historic, pandemic-driven highs.”

Janeth choWall street journalPower rangersArticle normalToys gamesConsumer goodsLeisure travel goodsFinancial performanceSales figuresLabor personnelCorporate industrial newsLay offs redundanciesContent typesFactiva filtersC amp ampe industry news filterIndustrial news

Cigna Pivots to Bolt-On Acquisitions, Raises Buyback

The health insurer said Sunday it raised its buyback by $10 billion, with $5 billion to be purchased between now and the middle of 2024.

Janeth choJared holzDavidm cordaniLiz moyerWall street journalMedicare advantageArticle normalNon life insuranceHealth medical insuranceFinancial servicesHealth maintenance organizationsPrivate health insuranceCorporate fundingShare capitalOwnership changesAcquisitions mergers shareholdings

True Loves Will Spend Record Amount on The 12 Days of Christmas Gifts

From the 12 drummers drumming to a partridge in a pear tree, the total cost of this year’s haul is 2.7% higher than last year.

Janeth choAmanda agatiFinancial services groupAsset management groupTrue lovesServices groupChristmas price indexManagement groupPear treeTurtle dovesFrench hensCalling birdsGold ringsFederal minimum wageNine ladies dancingPipers piping

Oil Drops Below $70 a Barrel Gas Also Falls

Crude prices are down more than 13% this year despite production cuts by major oil producing nations.

United statesJaneth choOrganization of the petroleum exporting countriesTexas intermediateDow jones marketPetroleum exporting countriesMiddle eastArticle normalCommodity marketsEnergy marketsCommodity financial market newsCrude oil marketsContent typesFactiva filtersC amp ampe exclusion filterEconomy amp policy

Supreme Court Case Puts Focus on Wealth Taxes

The Supreme Court’s decision could upend the nation’s tax code at a time when the Biden White House is seeking to raise taxes on the richest Americans.

United statesWhite houseDistrict of columbiaElizabeth warrenJoe bidenJaneth choKathleen mooreRevenue serviceSupreme courtInternal revenue serviceArticle normalGovernment financeGovernment budget taxationEconomic newsPolitical general newsCrime legal action

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