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Toy Industry

BUSINESS
June 26, 2009 | Nathan Olivarez-Giles
A Los Angeles-area toy importer has agreed to pay a $665,000 fine for importing and selling toys with high levels of lead and for violating other federal child safety standards, the Consumer Product Safety Commission said. The commission announced Thursday that it had reached a settlement with OKK Trading Ltd. of the City of Commerce. The company's website says it is one of the nation's largest wholesale direct importers of dollar-store toys, stationery and seasonal merchandise.
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BUSINESS
May 23, 2009 | David Colker
The temporary receiver put in place to oversee MGA Entertainment Inc. has been removed by the federal judge who put him there last month, making company founder Isaac Larian again the sole head of the toy-making outfit. But it's a diminished kingdom. The order issued late Thursday by U.S. District Court Judge Stephen Larson did not alter the fact that Van Nuys-based MGA has to give up by far its most prominent product line -- the Bratz dolls it introduced in 2001.
BUSINESS
February 6, 2009 | Alana Semuels
Environmentalists are battling small businesses to preserve a law that would pull children's products that may contain lead and chemicals from shelves by next week. The environmentalists won a round Thursday when a federal judge overturned a decision by a government commission and said manufacturers and retailers could not sell children's items containing phthalates, which are chemicals used to soften plastic, after Tuesday.
BUSINESS
February 5, 2009 | Alana Semuels
Clothing and toy manufacturers launched a fresh effort Wednesday aimed at postponing enforcement of a law set to take effect next week that forces items that may contain dangerous amounts of lead to be pulled from shelves. The manufacturers want to delay for at least six months the effective date of the Consumer Product Safety Improvement Act, passed by Congress last year in response to a string of toy recalls.
BUSINESS
December 31, 2008 | David Colker
The Bratz doll maker had another bad day in federal court Tuesday, but fans of the sassy dolls were given hope that the girls will live to see another Christmas. Bratz manufacturer MGA Entertainment Inc. lost a bid to remain in the Bratz business past Feb. 11, the date of a hearing set earlier in U.S. District Court in Riverside.
BUSINESS
December 25, 2008 | bloomberg news
Lego may have a record gain in U.S. sales this year as cash-strapped parents seek toys that will last, said the head of the company's Americas unit. Lego's total sales growth will exceed its August projection of 12%, Soren Torp Laursen said. The company has had an "exceptional year" in the United States and Britain, he said. "We braced ourselves for fairly tough conditions because the macro-economic picture was not looking very good," Laursen said Tuesday.
WORLD
December 25, 2008 | Barbara Demick
Growing up in the Chinese countryside with only an elementary school education, Yang Yanjun had never heard of Christmas until she landed a job painting pink-cheeked cherubs to decorate trees. But Christmas proved to be a miraculous holiday that would utterly transform her life. Over a decade, she worked in factories producing ornaments and toys that foreign children were told came from Santa's workshops.
BUSINESS
December 25, 2008 | associated press
The makers of handcrafted toys received some holiday hope Wednesday with support from a federal agency for proposed exemptions from strict lead-testing regulations they feared could put them out of business. Last year's discovery of lead paint in mass-market toys prompted the government to pass new safety rules requiring testing and labeling that mom-and-pop workshops and retailers said they could not afford.
BUSINESS
December 23, 2008 | Alana Semuels
There's no sign of an economic slowdown at Larry Mestyanek's toy factory in Compton. Whirring machines cut letters from the alphabet out of red, blue and yellow slabs of wood, making long rows of the letter E. Across the room, men with air filter masks sand toddler's chairs that are lined up in rows as if expecting a convention of miniature leaders. The machines are so loud it's hard to hear the rows of tiny wooden music boxes playing a disjointed lullaby.
BUSINESS
December 16, 2008 | ASSOCIATED PRESS
Hasbro Inc. has dropped its lawsuit against the makers of Scrabulous, a popular online version of board game Scrabble. According to documents filed in U.S. District Court in New York, Hasbro dropped the lawsuit Friday. Hasbro, which owns the North American rights to Scrabble, sued Jayant and Rajat Agarwalla, brothers from Calcutta, India, this summer. The brothers developed the unauthorized version, called Scrabulous, after they couldn't find an online version they liked.
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