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Hasbro nearly triples profits during first quarter

NEW YORK — Toymaker Hasbro’s first-quarter profit nearly tripled on rising revenue in all major product categories and a tax benefit. The maker of Transformers and Nerf toys also said today that it is starting a $625 million share buyback program. Shares rose 5 percent in pre-market trading. Profit climbed to $58.9 million, or 40 cents per share, in the ...

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