NEWS
April 28, 2012 | By Judi Dash, Special to the Los Angeles Times
You can keep the kiddies occupied while they keep the kitties occupied with Playmobil's Take Along Pet Clinic . The company's popular play sets open on hinges, revealing a kind of stage set on the particular theme. In this case there's a fully furnished and decorated two-story doll-house-like pet clinic, complete with an exam room, toy surgical equipment and monitors, recovery cages and medicine holders. “Patients” include puppies, kittens and a bunny. The set includes a uniformed vet and lab technician and a mom and kid visiting with their injured kitty.
ENTERTAINMENT
April 26, 2012 | By Rebecca Keegan, Los Angeles Times
The Pirate Captain, the lead swashbuckler voiced by Hugh Grant in the new stop-motion animated film"The Pirates! Band of Misfits," possesses an overweening sense of optimism and some spectacular facial hair. It was the latter - a dense nest of curlicues that the character repeatedly refers to as his "luxuriant beard" - that kept the filmmakers up at night. Model makers labored for months to find a natural way to animate the rubber whiskers, eventually fashioning a mechanism out of the tuning head of a guitar to make the beard spring to life.
BUSINESS
April 24, 2012 | By Hugo Martín, Los Angeles Times
A long-running takeover bid for Malibu toy maker Jakks Pacific Inc. took a turn toward conciliation with the Los Angeles investment management firm that wants to buy it. After fending off an unsolicited takeover bid from Oaktree Capital Management, Jakks agreed to give the management firm detailed financial information about the company, setting the stage for another bid. But a sale of Jakks, one of the nation's largest makers of action figures,...
BUSINESS
April 23, 2012 | By Tiffany Hsu
Big summer movies such as “Battleship,” “The Avengers,” “Amazing Spiderman” and “G.I. Joe” - and the packaged toys that will be sold with them - can't come soon enough forHasbro Inc., whose financial situation soured in the first quarter. Hasbro fell to a loss of $2.6 million, or 2 cents a share, compared with profit of $17.2 million, or 12 cents a share, during the first quarter of 2011. Excluding $11.1 million in severance costs following some layoffs during the quarter, the toymaker's net earnings were $5.1 million, or 4 cents a share.
BUSINESS
April 17, 2012 | By Shan Li, Los Angeles Times
Toy giant Mattel Inc.reported a 53% decline in profit in the first quarter, sending its stock down more than 9%, after higher production costs, slower sales of Barbie and Hot Wheels and a recent acquisition affected its bottom line. For the three months ended March 31, sales totaled $928.4 million, down 2% compared with $951.9 million in the same quarter last year, the company said Monday. Profit dropped to $7.8 million, or 2 cents a share, from $16.6 million, or 5 cents. The results fell below analyst expectations of a profit of 7 cents a share.
CALIFORNIA | LOCAL
April 17, 2012 | By Victoria Kim, Los Angeles Times
They were sellers of pastel-toned huggable plush toys with names like "Baby Frenz Forever" and "Jungle Pals. " At the same time, authorities say, they were receiving bricks of U.S. dollars wrapped in cellophane that were drug proceeds to be laundered into clean pesos for drug lords in Mexico and Colombia. On Monday, authorities announced charges against the City of Industry-based Woody Toys Inc. and seven owners, employees and customers in what marks the second case in two years involving toy exporters allegedly acting as conduits for the drug trade.