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.
April 22, 2013 |
Toy maker Hasbro Inc. reported modest revenue growth in the first quarter, backed by solid sales of Furby, My Little Pony and Transformers games. The Pawtucket, R.I., company also said Monday that an online contest to create a new token for its iconic Monopoly game was "tremendously successful. " Fans voted to eliminate one of the eight game tokens that players use and create a new one. A cat token beat out a toy robot and a guitar to replace the iron, which had been a staple of the board game since the 1930s.
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.
April 12, 2013 |
Nestled on the windy plains at the foot of the San Bernardino Mountains, once austere stretches of agricultural land have morphed into the country's most desirable industrial real estate market, and it is growing faster than any other industrial region in the U.S. Among the many merchants running large-scale operations now are such household names as Amazon.com Inc., Kohl's Corp., Skechers USA Inc., Mattel Inc. and Stater Bros. Markets. They come for vast warehouses - some are bigger than 30 football fields under one roof - where they can store, process and ship merchandise such as clothes, books and toys to ever more online shoppers and handle the rising flood of goods passing through the ports of Los Angeles and Long Beach.
January 31, 2014 |
If there was a winner among the piles of gifts given to children this Christmas, Barbie certainly wasn't it. The fashion doll - possibly the best-known player in Mattel Inc.'s stable of products - endured a 13% sales slide during the company's fourth quarter. "We just didn't sell enough Barbie dolls," Mattel Chief Executive Bryan G. Stockton said Friday in a conference call with analysts. Several other brands from the El Segundo toy maker also fared poorly. Fisher-Price, whose lineup focuses on infants and young children, also suffered a 13% revenue plunge.
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.