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BUSINESS
October 5, 1994 | From Times Staff and Wire Reports
Troll Company Makes Koosh Deal: The creator of the popular Koosh toys has sold the company to a New Jersey company that makes troll dolls. Russ Berrie & Co. announced this week that it has purchased Oddzon Products for an undisclosed price and plans to continue selling the products under the same name. Oddzon nets about $30 million annually in revenue on the sale of the popular, no-bounce balls made of spaghetti-thin rubber strands, in addition to several other spinoff toys.
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BUSINESS
October 5, 1994 | From Times Staff and Wire Reports
Troll Company Makes Koosh Deal: The creator of the popular Koosh toys has sold the company to a New Jersey company that makes troll dolls. Russ Berrie & Co. announced this week that it has purchased Oddzon Products for an undisclosed price and plans to continue selling the products under the same name. Oddzon nets about $30 million annually in revenue on the sale of the popular, no-bounce balls made of spaghetti-thin rubber strands, in addition to several other spinoff toys.
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BUSINESS
December 18, 2004 | Debora Vrana, Times Staff Writer
Kids Line, a South Gate-based maker of infant bedding, said Friday that it had been acquired by a New Jersey company for $128 million in cash. Oakland, N.J.-based Russ Berrie & Co., a leader in the gift industry and known for its teddy bears and other plush animals, said in a news release that it would keep Kids Line's management in place. The firm will not be relocated, a banker familiar with the deal said.
BUSINESS
October 15, 1985 | Associated Press
The richest of the rich in America is worth $2.8 billion, while the poorest of the rich checks in at a mere $150 million. But who's counting? Forbes magazine, that's who, and its 1985 list of the nation's 400 richest people is topped by Sam Moore Walton of Bentonville, Ark., who has made $2.8 billion through his Wal-Mart discount stores. Walton, who danced a hula on Wall Street last year when profit goals were met, replaced Gordon Getty, the front-runner for the past two years.
BUSINESS
February 11, 1997 | Times Staff and Wire Reports
Hasbro Inc., maker of Mr. Potato Head and G.I. Joe dolls, has agreed in principle to acquire Cleveland-based Cap Toys Inc. and Petaluma-based OddzOn Products Inc. from Russ Berrie & Co. for $166 million, the companies said. Cap Toys markets dolls, novelty toys and candy. OddzOn is best known for its Koosh balls. "Our decision to sell is based on a strategic reevaluation of our business," said Russell Berrie, chairman and CEO of Oakland, N.J.-based Russ Berrie.
CALIFORNIA | LOCAL
February 10, 1989
A truck filled with about $100,000 worth of toys and gifts to be distributed to needy children in the county pulled into the Anaheim Plaza on Thursday afternoon, courtesy of a prison inmate and a toy company. The delivery of gifts, which will be distributed by local social service agencies, was arranged by Rick Rowe, who is serving a life sentence in a New Jersey state prison for kidnaping. New Jersey-based Russ Berrie Co. Inc. donated the toys.
CALIFORNIA | LOCAL
December 29, 2002 | Myrna Oliver, Times Staff Writer
Russell Berrie, master marketer of things most people didn't need but had to have, from small teddy bears to plastic trolls, has died. He was 69. The founder, chairman and chief executive officer of Russ Berrie & Co. died Wednesday of heart failure in Oakland, N.J., where his company is based. The one-time Bronx street kid and college dropout spent many years selling toys for other businessmen.
BUSINESS
November 14, 1985 | From Times Wire Services
Stock prices posted some modest losses Wednesday as traders cashed in on gains from the market's recent rally to record highs. Trading slowed from its recent active pace. The Dow Jones average of 30 industrials, which had closed at record highs in seven of the past 10 sessions, dropped back 5.85 points to 1,427.75. Volume on the New York Stock Exchange came to 109.69 million shares, compared to 170.80 million on Tuesday.
BUSINESS
August 6, 1988 | From Times Wire Services
Stock prices closed lower Friday in the second-lightest trading day of the year, pushed down by investor fears of further rises in interest rates after government employment figures pointed to an expanding economy. The Dow Jones index of 30 industrials closed off 7.47 points at 2,119.13, down 9.60 for the week, with declining issues outnumbering advances by about 5 to 3 in nationwide trading of New York Stock Exchange-listed stocks On the Big Board, 113.
CALIFORNIA | LOCAL
October 20, 1988 | LONN JOHNSTON, Times Staff Writer
For thousands of needy Orange County children this Christmas, Santa Claus will be serving a life sentence in a New Jersey state prison for kidnaping. Tough-talking Rick Rowe, whose former line of work involved hijacking trucks, has dispatched a truckload of toys to Anaheim, scheduled to arrive Friday morning. The 46-year-old con founded and heads a nationwide toy drive called Ayuda, Spanish for help .
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