Robinho sentenced to nine years in prison for sexual assault
Volvo to deliver thousands of autonomous vehicles to Uber
Industry reacts to passage of House tax bill
Moody's upgrades India's sovereign bond rating for first time in 14 years
'Dangerous' mental hospital escapee caught in NorCal
USA toymaker Hasbro in fresh approach to acquire Mattel
13 November 2017, 02:07 | Melanie Burgess
Hasbro reportedly offered to buy Mattel
"ORCRP009532-topic.html" class="local_link" >Mattel Inc.
Hasbro has made a bid to acquire its chief rival Mattel, according to people briefed on the discussions, a move that would further consolidate the world's toy industry.
Toy companies, including Hasbro and Mattel, are finding it hard to sell toys to today's kids, many of whom would rather play with a tablet, according to commentators.
Hasbro, which is based in Pawtucket, Rhode Island, manufactures toy brands including G.I. Joe, Nerf, Transformers and My Little Pony. Hasbro's stock is up 18 percent this year, and the company has a market value of $11 billion - more than twice as much as Mattel. Despite its financial woes, brands like Fisher Price and Hot Wheels, which are still seen as valuable, are said to make Mattel "ripe for a takeover" by Hasbro.
Mattel in late October reported a 14 percent drop in its third-quarter sales, excluding the effect of currency fluctuations, and suspended its quarterly dividend.
Local schools honor veterans with joint assembly
At Staley High School, the celebrations are starting early. "We couldn't have done a lot of this without their support". She says it's important that students always keep in mind to honor our veterans.
14 killed, 9 missing in Andhra boat tragedy
A survivor in the incident also alleged that the boat operator was trying for ferry more passengers and that it was overloaded. Local fishermen at Ferry swung into action immediately and rescued 15 passengers. 32 of the victims belong to Ongole town.
Car Rams Into Crowd Near School in Southern France
The police officials requested anonymity because they were not allowed to speak publicly about an ongoing investigation. Two were taken to a hospital with injuries that were considered serious, but not life-threatening.
Morocco qualifies for World Cup, Ivory Coast misses out
Nabil Dirar scored the opener in the 25th minute with an inswinging cross that went untouched through the box and entered the net. Juventus defender Medhi Benatia was on target as Morocco qualified for the World Cup for the first time since 1998.
Conor McGregor Slaps Security, Pushes MMA Ref
Oh, and in case you're curious about what Dana White thinks about fighters touching referees, here's what he said a year ago. BAMMA 32 is now underway at the 3 Arena and Conor McGregor was in attendance to support some of his SBG teammates .
Musical.ly app reportedly acquired by ByteDance
As one of the fastest growing tech startups in China , Bytedance has been given valuations up to as high as $20 billion. Bytedance, which was recently valued at $20 billion, says that Musical.ly will remain a separate, independent business.