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UPDATE 1-Owner of Gazelle bikes buys Cannondale, Schwinn for $810 million

The Dutch owner of bike brands including Gazelle, Santa Cruz and Urban Arrow said on Monday it has agreed to buy brands including Cannondale, Schwinn and Mongoose from owner Dorel Industries Inc. for $810 million, creating one of the largest bike makers globally with $2.5 billion in estimated annual sales.

CORRECTED-Owner of Gazelle bikes buys Cannondale, Schwinn for $810 million

The Dutch owner of bike brands including Gazelle, Santa Cruz and Urban Arrow said on Monday it has agreed to buy brands including Cannondale, Schwinn and Mongoose from owner Dorel Industries Inc. for $810 million, creating one of the largest bike makers globally with $2.5 billion in estimated annual sales.

Hasbro CEO Goldner takes medical leave

U.S. toymaker Hasbro Inc said Chairman and Chief Executive Officer Brian Goldner will take immediate medical leave, handing the reins to lead independent director Rich Stoddart on an interim basis.

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Biden to speak to Senator Manchin on spending bill

U.S. President Joe Biden said on Monday that he was going to speak with Senator Joe Manchin, the centrist Democrat from coal-rich West Virginia whose vote is crucial to the passage of the budget reconciliation bill pending in Congress.