Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

Business Week Suspects `Inside' Of Inside Trades

Business Week said Friday that someone may be sneaking an early peek at its "Inside Wall Street" column and trading on its stock recommendations.

The magazine said it alerted the Securities and Exchange Commission and major stock exchanges that it noticed a pattern of increased trading on 11 stocks mentioned in the column before the issues in which the stocks were mentioned were published.

The trading surges occurred Thursdays, although the magazine isn't published till 5:15 that day, after the close of trading.

Bloomberg SEC Probes Option Surge Before Mattel's Offer

Hasbro Inc. said Friday the Securities and Exchange Commission is investigating a surge in Hasbro options trading that occurred days before Mattel Inc.'s $5.2 billion unsolicited offer for the toymaker.

Trading in Hasbro's call options began to perk up on Monday following weeks when no transactions in the securities were made, officials said.

Mattel announced its offer for Hasbro to the public after the close of trading on Wednesday. On Friday, Mattel said it was close to an agreement - since scuttled by Hasbro - on Sunday.

Bloomberg Layoffs Come Early On Hazelwood Farms Line

Hazelwood Farms Bakery will shut down its decorated cake line on Feb. 9, about a month earlier than planned. The bakery will pay through March 9 the 101 workers being laid off and will provide health insurance through that date, said Aseneth Atkinson, president of Bakers Union Local 4.

The bakery, a subsidiary of Supervalu Inc. in Eden Prairie, Minn., also is eliminating lead positions, resulting in the layoff of 15 other workers.

Atkinson said the union would meet with its members at 9 a.m. today at the union hall, 2615 Winnebago Street, to explain terms of the layoff and answer questions.

Post-Dispatch Merger Corrals Makers Of Specialty Bar Codes

A merger of a company in San Francisco and one in St. …

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