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Mattel Inc

BUSINESS
December 11, 1997 | Reuters
Barbie, who made news last month when Mattel Inc. announced plans to give the doll a more youthful face and a body make-over, is going brunet for the holidays. Barbie has been a brunet before, but this is the first time the 10-year-old Happy Holidays Barbie line will have darker hair. The company said collectors have embraced the holiday doll, pushing up prices for the 1988 version to as much as $795, up from its original price tag of $24.99.
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BUSINESS
March 14, 1998 | George White
Mattel Inc. Chairwoman Jill E. Barad received a 1997 pay and stock options package that could reach a value of $26.2 million, the company said. The compensation included a salary of $1.1 million, compared with the $920,199 she received as president and chief executive in 1996. Barad was appointed chairwoman in October 1997. The El Segundo-based toy maker awarded Barad options to buy 4.9 million common shares, a package with a potential value of $23.
BUSINESS
August 30, 2000 | Bloomberg News
A privately held Tennessee-based toy company is suing Mattel Inc. and its Fisher-Price Inc. unit for allegedly violating its patent on technology used in Mattel's Winnie the Pooh reading toy. General Creation claimed ownership of a patent for reading toys that provide page-by-page audio interpretation of accompanying books. General Creation said the technology covered by the patent is integral to its line of interactive plush toys.
BUSINESS
September 21, 2007 | From Times Wire Reports
The European Union's consumer chief has asked Mattel Inc. for details of quality control measures introduced since the company's recall of millions of Chinese-made toys, and she warned the company that it faced a major task in rebuilding trust in the industry. Meglena Kuneva told Mattel that she would push for new EU rules if not enough was done to stop dangerous toys from coming to market.
NEWS
December 29, 1996 | From Times Staff and Wire Reports
In the third such incident since Christmas, a little girl's hair got caught in the mouth of a battery-powered Cabbage Patch doll that mimics eating. Carly Mize, 3, of Easley, S.C., started crying when her doll snagged her hair. Her mother, Tammy Mize, said a patch of hair was pulled out of her scalp. The Cabbage Patch Snack Time Kid doll, which is supposed to "eat" plastic French fries and other fake food, has no on-off switch. A doll belonging to Sarah Stevens, 7, of Griffith, Ind.
BUSINESS
April 17, 2013 | By Roger Vincent
Frankie Stein, Clawdeen Wolf and the other not-so-mean girls at Monster High stole Barbie's thunder in the first quarter as sales of the toys led Mattel Inc. to more than quadruple its profit. Sales of Mattel's Other Girl line, headed by Monster High, were up 56% compared with the first quarter of 2012. The colorful dolls that are supposedly the offspring of famous monsters have leaped into second place in the El Segundo company's doll lineup. Barbie is still the queen bee at age 54, but sales of the iconic doll were down 2%. The fastest roller coaster and other record-setting thrill rides Mattel reported a profit of $38.5 million, or 11 cents a share, in the quarter that ended March 31, a leap up from $7.8 million and 2 cents a share in the same period a year ago. Revenue was up 7% to $995.6 million.
ENTERTAINMENT
April 8, 2014 | By Ryan Faughnder
Nick Stepka knew what gift would make his daughter's third birthday a hit, and it wasn't a toy or doll. He gave her a tablet - not a sleek new iPad or a hand-me-down Samsung, but one specifically designed and marketed for little ones. It even came with a purple protective casing and loaded with kids' apps and games. "Her eyes lit up when she opened it," said Stepka, 34, a Shakopee, Minn., father of three. "Everything else got put to the side. " That's exactly what tablet makers and companies that create children's entertainment were hoping for. PHOTOS: Top 10 gadgets we want to see this year Stepka's household is part of a growing group of consumers for whom traditional children's toys and games are not enough.
BUSINESS
November 2, 1999 | Bloomberg News
Carnegie Investment Management Ltd. offered to buy up to 11.34 million shares, or 3%, of Mattel Inc. for $14.35 a share to gain an equity position in the world's No. 1 toy maker. Carnegie Investment, a private company based in the Cayman Islands, said the offer is open to all Mattel stockholders, except holders of restricted shares. The offer represents a 5.8% premium for Mattel shareholders based on Monday's closing price.
BUSINESS
March 12, 1998 | A Times Staff Writer
Mattel Inc. is expanding its http://www.barbie.com Web site to include attractions for young girls and their parents. The Web site previously focused on adult collectors. The site is "designed to engage girls in fun and creative play" by offering them a variety of interactive activities, according to a company spokesman. Girls will be able to download new phrases for the Talk With Me! Barbie doll--the first time, Mattel says, that a toy can be programmed from the Internet.
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