Finance & Capital Management

PAWTUCKET, R.I. — Heading into the toy industry's largest trade show next week, toy manufacturer, Hasbro, reported net revenues of $1.28 billion for the fourth quarter of 2012, compared with $1.33 billion in 2011. The company reported net earnings for the quarter of $130.3 million or 99 cents per diluted share.

Net revenues for the full-year 2012 were $4.09 billion compared with $4.29 billion in 2011. 

Net earnings for the full-year 2012 were $336 million, or $2.55 per diluted share, versus $385.4 million, or $2.82 per diluted share, in 2011.

Widespread reports have Walmart Foundation president Sylvia Mathews Burwell heading to Washington to serve as President Obama’s director of the Office of Management and Budget.

New York -- A report released Thursday by the National Council of Real Estate Investment Fiduciaries and the International Council of Shopping Centers said that the U.S. shopping center industry’s net operating income for the fourth quarter continued to show a strong gain nationally, rising 4.3% year-over-year.  

Total operating income of all U.S. shopping centers on a square foot basis rose 3.6% over the year-ago period.

For all of 2012, the U.S. shopping-center industry posted a 3.6% rise in NOI.

PARK CITY, Utah -- Skullcandy, a manufacturer of performance headphones, has named Rick Alden, the company's founder, former CEO and a current director, as Interim CEO. Jeremy Andrus has decided to step down from his positions as resident and CEO and a company director to join a private investment firm. He will serve as a consultant to the company over the next 12 months.

Oak Brook, Ill. -- McDonald's Corp. reported Friday that global same-store sales decreased 1.9% in January, hurt by weakened performance outside the U.S.

By segment, comps in the U.S. rose 0.9%, but decreased 2.1% in Europe and dropped 9.5% in the Asia/Pacific, Middle East and Africa.
 
Systemwide sales for the month increased 0.3%, or 0.7% in constant currencies.

New York -- Delhaize America is cutting 500 jobs, according to published reports.

News media in North Carolina reported that the Belgian supermarket operator's American subsidiary would cut 350 jobs and 150 open positions as part of a reorganization. Employees of the company received notifications of the layoffs via email, according to the reports.

Fort Worth, Texas -- In an unexpected move, RadioShack said late Thursday that Walgreen Co. divisional president Joseph Magnacca will take the helm of the beleaguered consumer electronics chain as its new CEO.

Everybody loves a turnaround story. RadioShack is betting that the now-former president of daily living products and solutions for Walgreens, Joe Magnacca, will help author a turnaround story of its own for the small-box consumer electronics retailer.