CALIFORNIA | LOCAL
April 27, 2005 |
A former Mattel Inc. executive has pleaded guilty in U.S. District Court in Los Angeles to lying to the Federal Election Commission, indicating that campaign contributions were made by relatives and other individuals when, in fact, they were paid for by the company. Fermin Cuza, 57, the company's former vice president of international trade and government relations, faces a maximum sentence of five years in prison and a $250,000 fine.
December 11, 1997 |
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.
March 14, 1998 |
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.
August 30, 2000 |
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.
May 8, 1997
Mattel Inc., the No. 1 U.S. toy maker, said low demand for large, outdoor play equipment is prompting it to close a plant in Upstate New York and lay off 175 employees. Production of its Fisher-Price toys will be transferred to an existing factory in Georgia. El Segundo-based Mattel said the plant closure is part of a broader effort to reduce production costs, including the elimination of about 2,700 jobs. Mattel bought rival Tyco Toys Inc. for $755 million in March.
September 21, 2007 |
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.
July 5, 2013 |
If Barbie looked like an average 19-year-old girl, she'd have shorter legs, a thicker waist and a rear end to make pop star Demi Lovato proud. When Lovato saw photos this week comparing a more realistic doll, a model created by independent artist and researcher Nickolay Lamm, to the twiggy Barbie sold worldwide by El Segundo toymaker Mattel Inc., she tweeted that it was “amazing.” And in a separate missive to her more than 15 million Twitter...
April 17, 2013 |
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.
December 29, 1996 |
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.