Article updated: 1/25/2013 11:08 AM

Hasbro 4Q revenue misses, to cut jobs

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Toy maker Hasbro says its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays. It plans to cut about 10 percent of its workforce and consolidate facilities to cut expenses. The stock dropped more than 4 percent in premarket trading Friday, Jan. 25, 2013.

Associated Press

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Toy maker Hasbro said Friday that its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays. It plans to cut about 10 percent of its workforce and consolidate facilities to reduce expenses. The stock dropped more than 4 percent in morning trading.