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.
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.
July 17, 2013 |
Barbie seems to be losing ground as the queen bee of doll-dom, as sales of the Mattel Inc. figurine slipped for the fourth straight quarter. Revenue from the fashion toy sank 12% in the second quarter, which ended June 30, the El Segundo-based company said Wednesday. During the same period, other girl brands such as Monster High surged up 23%, the company said. Mattel's American Girl line got a 14% boost. The Fisher-Price product category took a 3% hit, while Hot Wheels tumbled 1%. Overall, sales at the nation's largest toymaker were up 1% to $1.17 billion, though revenue from North America softened 2%. The company is doing heady business abroad, where a growing middle class helped sales swell 4%. Emerging-growth markets such as China, Russia and India “continue to prove to be fertile ground,” with revenue surging by double digits, Chief Executive Bryan G. Stockton said in a conference call with analysts.
November 2, 1999 |
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.
March 12, 1998 |
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.