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WFVA returning to news and talk format
Centennial Broadcasting's local WFVA-AM 1230 radio station will return to its news-talk format Monday.
The station will feature talk-radio hosts including Don Imus, Glenn Beck, Mike Huckabee, Dennis Miller, Mark Levin and Michael Savage, as well as local news and public affairs programming.
That was the station's format until April 2011, when it switched to adult standards music. The company said in a news release that listener feedback led to the change back to the previous format. Ted Schubel will continue as the station's news director and will host a one-hour show, "Town Talk With Ted," on weekdays starting at 8 a.m. that features local figures and issues.
The Star Radio Group, which is a division of The Free Lance-Star Publishing Co., also airs conservative talk-radio shows including those hosted by Rush Limbaugh and Sean Hannity on News Sports Talk 1350 AM and 96.5 FM. Those stations also feature ESPN programming, including the popular "Mike & Mike in the Morning," as well as Dave Ramsey's personal finance show.
Hasbro's revenue below expectations
NEW YORK--Toymaker Hasbro said Friday that its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand during 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.
Pawtucket, R.I.-based Hasbro, whose brands include Monopoly and Nerf, has about 5,500 employees worldwide. A 10 percent workforce cut would put about 550 people out of work.
S&P ends week at pre-recession level
NEW YORK--The Standard & Poor's closed above 1,500 for the first time since the start of the Great Recession in 2007 on Friday, lifted by strong earnings from Procter & Gamble and Starbucks.
The S&P 500 closed at 1,502, up eight points, or half a percent. It was the eighth straight gain, the longest winning streak since November 2004.
The Dow Jones industrial average closed at 13,825, up 46 points. The Nasdaq gained 19 points to 3,149.
Procter & Gamble, the world's largest consumer products maker, rose 4 percent after reporting that its quarterly income more than doubled. Starbucks also rose 4 percent after reporting higher profits.
Rising stocks outnumbered falling ones 3 to 2 on the New York Stock Exchange. Volume was about average at 3.4 billion shares.