Daily business briefing: Electronic toys top Christmas wish list

October 21, 2013 

Sesame Street's Big Hugs Elmo, a mechanical Elmo that gives out hugs and sings songs; Hasbro's Furby Boom, a robotic toy pet; a Target exclusive Mattel Monster High doll called Power Ghouls; and SpinMaster's Flutterbye Flying Fairy, a doll that can flutter on air, are expected to be the most sought-after toys this holiday shopping season. Find out more at http://www.bnd.com/business. ...

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Favorable tax adjustment and higher sales has boosted Hasbro's third-quarter net income by 17 percent. These results and revenue topped analysts' estimates. Hasbro, the No. 2 toy maker, earned $193 million, or $1.46 per share, for the three months that ended Sept. 29. That compares with $164.9 million, or $1.24 per share, a year earlier. Read more at http://www.bnd.com/business. ...

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U.S. companies are upbeat on the prospects for economic growth in the next year, despite uncertainty in Washington and rising oil prices and interest rates. The quarterly survey of business economists also found only 27 percent reported rising employment at their firms from July through September, down from 29 percent in the second quarter. Another 37 percent expected their companies to expand payrolls in the next six months, down from 39 percent in the second quarter. Learn more at http://www.bnd.com/business. ...

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The nation's largest labor unions want to fight global warming, but say they need new clean-energy jobs before existing industries can be shut down. Union leaders gathered at the four-day Power Shift conference in Pittsburgh say their workers want to help build a new, green economy. For more information, go to http://www.bnd.com/business.

--Will Buss, BND business writer

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