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Summary Box: Hasbro posts 1Q loss

The Associated Press

THE NEWS: Toy maker Hasbro Inc. on Monday reported a first-quarter loss, hurt by charges relating to cutting jobs and weak demand in the U.S. and Canada.

THE CONTEXT: The first quarter is typically quiet for toy makers, especially compared with the run-up to the crucial holiday season. The company said it expects higher revenue in the second half of the year, when several movies open that have ties to Hasbro toys.

WHAT'S NEXT: Hasbro expects 2012 earnings and revenue to rise, excluding the effect of foreign currency.