BUSINESS
January 22, 1999 | Times Wire Services
Danish toy maker Lego Group plans to slash its work force by up to 10% as electronic toys cut deeply into sales of its famed interlocking plastic building blocks. The privately held company said it expects to report a loss for 1998, its first since its founding in the 1930s. In a statement to the company's 10,000 employees, Lego Chief Executive Kjeld Kirk Kristiansen said the plan to cut up to 1,000 jobs worldwide was necessary to "slim down and improve our health."
BUSINESS
June 21, 2006 | From the Associated Press
Lego Group, whose iconic plastic building blocks have entertained millions of children for more than 70 years, said Tuesday that it would eliminate 1,200 jobs to remold itself in an era when kids prefer playing with electronic gadgets. The company, one of the last to produce toys in the U.S., plans to close its manufacturing plant in Enfield, Conn., and lay off 300 employees in early 2007. Work done at the Enfield plant will be shifted to Mexico, where costs are lower, Lego said.
NEWS
December 20, 2001 | P.J. Huffstutter
Jonathan P. Brown, a hobby programmer, loves Lego. In fact, he's a bit obsessed. After all, he built a Lego robot that can solve the Rubik's Cube. For years, the Chicago architectural consultant has been fascinated by how the tiny bricks of plastic can be configured--and blended with robot components, microprocessors and motors--to create functional, and sometimes strange, creations. On his site, at jpbrown.i8.com /index.
BUSINESS
September 6, 1999 | LEE DYE
Computer scientists at Brandeis University say they have taken a significant step toward creating robots that will evolve into ever more sophisticated machines, capable of repairing and modifying their own hardware. What they have come up with isn't exactly the "2001" film star, Hal, or even R2D2 of "Star Wars." But they have produced software that allows a computer to design structures, such as bridges and cranes, without human intervention.
BUSINESS
July 14, 2005 | Roger Vincent, Times Staff Writer
Legoland has a new landlord. Blackstone Group, a New York investment firm, said Wednesday that it had agreed to buy Lego Group's four family entertainment parks, including one in Carlsbad in San Diego County, for $457 million. The sale follows Blackstone's $187-million acquisition in May of Merlin Entertainment Group, a London company that operates 28 tourist attractions in eight European countries under the Dungeons, Sea Life, Seal Sanctuary and Earth Explorer brands.
BUSINESS
December 17, 1998 | GREG JOHNSON, TIMES STAFF WRITER
The raciest ride at the Legoland California theme park being built atop a breezy bluff in Carlsbad will be the pint-sized Dragon roller coaster, with a top speed of 15 mph. The watercraft carrying visitors around the park will move even more slowly. And the gorillas and birds are nothing more than millions of skillfully assembled plastic blocks.