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Hasbro cutting 1,100 jobs amid ongoing slowdown in toy sales

Published Wed, 27 Nov 2024 23:21:10 GMT

NEW YORK (AP) — Toy maker Hasbro said Monday it is cutting about 1,100 jobs, or 20% of its workforce, as the malaise in the toy business extends through another holiday shopping season.The nearly century-old Rhode Island-based company behind Monopoly, Play-Doh and My Little Pony toys disclosed the layoffs in a memo to employees published in a regulatory filing. The Wall Street Journal first reported the news.The company said that the reductions are on top of 800 job cuts that have been taken so far in 2023 as part of moves announced last year to save up to $300 million annually by 2025. As of year-end 2022, the company said it had 6,490 employees. Holiday shopping survey reveals stressful trend among US consumers Like many toy companies, Hasbro is struggling with a slowdown in sales after a surge during pandemic lockdowns when parents were splurging on toys to keep their children busy. Last holiday season, many toy companies had to slash prices to get rid of merchandise due to wea...

Federal jury decides Google’s Android app store benefits from anticompetitive barriers

Published Wed, 27 Nov 2024 23:21:10 GMT

SAN FRANCISCO (AP) — A federal court jury has decided that Google’s Android app store has been protected by anticompetitive barriers that have damaged smartphone consumers and software developers, dealing a blow to a major pillar of a technology empire.The unanimous verdict reached Monday came after just three hours of deliberation following a four-week trial revolving around a lucrative payment system within Google’s Play store. The store is the main place where hundreds of millions of people around the world download and install apps that work on smartphones powered by Google’s Android software. Are we in a ‘silent depression’? TikTokers claim 2023 economy is worse than Great Depression Epic Games, the maker of the popular Fortnite video game, filed a lawsuit against Google three years ago, alleging that the internet powerhouse has been abusing its power to shield its Play Store from competition in order to protect a gold mine that makes billions of dollars annually. Just as App...

Gophers football: Prior Lake defensive lineman Jide Abasiri decommits after USC visit

Published Wed, 27 Nov 2024 23:21:10 GMT

The second shoe has dropped on one of three high school players with questionable commitments to the Gophers football program.Prior Lake defensive lineman Jide Abasiri said Monday he has de-committed from the Gophers recruiting class for 2024. The three-star prospect is coming off a visit to USC last weekend.Abasiri, who is listed at 6-foot-5 and 290 pounds, committed to Minnesota in March. He was set to follow two Prior Lake players to Dinkytown, until the Trojans started showing interest, including a scholarship offer in November.After Abasiri made the announcement, fellow Prior Lake alums turned Gophers, Greg Johnson and Martin Owusu, posted emoji faces with questioning expressions on the social media site X.Minnesota has had five total de-commitments from next year’s class. Two more are feared by the U to be coming down the pike.Esko, Minn., safety Koi Perich visited Ohio State this weekend, while Gaylord, Mich., linebacker Brady Pretzlaff took a trip to Michigan State. Former U...

RPI to join IBM, Meta and more in launching AI Alliance

Published Wed, 27 Nov 2024 23:21:10 GMT

TROY, N.Y. (NEWS10) -- Rensselaer Polytechnic Institute is joining IBM, Meta and dozens of other companies in an international Artificial Intelligence Alliance. Get the latest news, weather, sports and more delivered right to your inbox! It aims to foster advancements, share resources, and mitigate risk as AI technology advances. The alliance hopes to create vetted security tools to enable the responsible development and deployment of AI systems globally.The alliance is comprised by of over 50 founding members and is led by IBM and Meta.

Illinois convenience store owners watch as lottery player wins $1M on scratch-off ticket

Published Wed, 27 Nov 2024 23:21:10 GMT

SPRING VALLEY, Ill. — A $20 holiday-themed scratch-off ticket has turned an Illinois Lottery player into a millionaire.According to the Illinois Lottery, the Merry Multiplier ticket was sold at Happy’s Super Service Convenience Store in the 100 block of East Dakota Street in Spring Valley, and the store's owners say they watched as the big winner scratched their way to riches.“Next thing we know, the customer is jumping up and down and screaming, so we knew it had to be a big winning ticket. It was a pretty exciting moment,” said Lisa West, who owns the store with her husband Fred.The store's owners say Spring Valley, located about 90 miles from Chicago, only has about 5,500 residents, so the million-dollar win is pretty significant.“There’s not a lot of action going on here, so someone winning a million bucks playing the Lottery is pretty big news around and we’re so excited that it happened at our store,” West said.The recently minted millionaire picked up just one of the 61 milli...

LoDo landlord sues to evict 7-Eleven that “attracts vagrancy and crime”

Published Wed, 27 Nov 2024 23:21:10 GMT

A landlord at 18th and Blake in LoDo wants permission to evict a convenience store that the landlord blames for difficulties leasing office space above the store.“The 7-Eleven at the premises attracts vagrancy and crime,” its landlord alleges.In September 2021, Seattle-based Unico paid $61.2 million for the five-story office building at 1755 Blake St. 7-Eleven had been a ground-floor tenant for 11 years by that time and had just signed a lease extension to stay there through June 2026, court records show.Unico says that “problems relating to vagrancy around 7-Eleven’s business” date back to at least 2016, when its prior landlord warned about a need for increased security. 7-Eleven initially refused to pay for that security but relented in 2019, according to Unico.Two months after Unico bought the building in 2021, there was a gunpoint robbery. Since then, there has been an overdose, a stabbing suspect who fled into the store, and vagrancy. There were four break-ins between Oct. 4 an...

Upon Further Review: How Broncos fooled Chargers’ defense on key scoring drive in fourth quarter

Published Wed, 27 Nov 2024 23:21:10 GMT

The Broncos had the Chargers’ defense looking silly on Sunday afternoon.Denver faced a third-and-1 at Los Angeles’ 10-yard line when it lined up in a T formation with quarterback Russell Wilson under center and running back Javonte Williams, fullback Michael Burton and tight end Chris Manhertz behind him.Wilson got the Chargers to bite on a play-fake to Williams, then the nine-time Pro Bowler rolled to his left. As this was happening, tight end Adam Trautman ran undetected into the end zone, where he caught a 10-yard touchdown pass from Wilson to take a 24-7 lead with 3:11 left in the fourth quarter.What a call. #AsISawIt x @KOAColorado pic.twitter.com/Iq3CazvCVK— Denver Broncos (@Broncos) December 11, 2023A day after the Broncos’ seventh victory, head coach Sean Payton said there’s no better feeling than when a play works as intended. But it has to be the right situation.“The challenge, honestly, as a play-caller, is you really have to be true to the situation,” Payton said. ...

Men’s basketball: CU Buffs’ Tristan da Silva named Pac-12 Player of the Week

Published Wed, 27 Nov 2024 23:21:10 GMT

BROOKLYN, N.Y. — It wasn’t as if Tristan da Silva quickly served notice this particular game away from home would be different.In fact, although he had other decent numbers at halftime, at that point it looked as if Colorado’s senior forward was on his way to another frustrating shooting day outside the CU Events Center.But then da Silva caught fire, and the Buffs followed his lead.After nearly joining an exclusive club that counts only Chauncey Billups among its members in CU Buffs men’s basketball lore while leading a key win against Miami, da Silva on Monday was named the Pac-12 Conference Player of the Week.Da Silva nearly joined Billups as the only CU players to post a triple-double in points, rebounds and assists after finishing with 22 points, 10 rebounds and nine assists in a 90-63 win against the Hurricanes in Brooklyn, N.Y.It is da Silva’s second career Pac-12 weekly honor and his first this season. The Buffaloes also nearly rejoined the Associated Press top 25 on Monday, ...

Orange County home ransacked as man escapes with thousands of dollars worth of items

Published Wed, 27 Nov 2024 23:21:10 GMT

Surveillance video captured a burglar breaking into a home over the weekend and stealing thousands of dollars worth of cash and jewelry in Westminster.The incident happened on Dec. 9 around 7:30 p.m., when the suspect entered the home through a second-story window.The family feels shaken after the incident and is hoping police will catch the suspect before he strikes again.“We’re uncomfortable and we don’t feel safe in our own home at this point,” said victim Sandy Le. “When we got home, everything was in disarray. There were things all over the ground and that’s when my mom said, ‘Oh, someone was in the house.’” Surveillance video caught the male suspect ransacking the home. He was seen rummaging through closets and drawers before escaping with thousands of dollars in cash, jewelry and religious belongings.Security video captures the moment a burglar broke into a home and stole thousands of dollars worth of cash and jewelry in Westminster on Dec. 9, 2023. (Le Family)Security v...

Leader of L.A.-based gang sentenced to 16 years in prison

Published Wed, 27 Nov 2024 23:21:10 GMT

The leader of a gang based in the San Fernando Valley was sentenced Monday to 16 years in prison on federal racketeering and narcotics crimes.Mario Alberto Miranda, 32, of Sherman Oaks, was the leader of a gang referred to by the United States Department of Justice as the "Vineland Boys."Miranda was charged as the lead defendant in a federal grand jury indictment that targeted 31 of the gang's members and associates. On June 26, he pleaded guilty to one count of conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act, better known as the RICO Act, to distribute methamphetamine. 3 soldiers of ‘Mexican Mafia’ convicted of killing man for imprisoned leader From September 2008 to November 2019, Miranda and other members of the gang engaged in drug trafficking throughout the San Fernando Valley. According to the DOJ, Miranda operated as the gang's drug supplier and shot-caller who managed drug and firearms stash houses and extorted drug dealers who operated in area...