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April 17- Mattel Inc, the world's largest toymaker, reported a net loss for the first quarter due to a fall in sales of its iconic Barbie dolls and Fisher-Price toys for preschoolers. Mattel said its sales in North America, which accounts for half of its total revenue, fell 2 percent.
EL SEGUNDO, California— Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss. In addition, Mattel Inc. has been struggling with weakness in core brands like Barbie, which had a 14 percent drop in sales, and Fisher-Price, down 6 percent.
April 17- Mattel Inc, the world's largest toymaker, reported a net loss for the first quarter due to a fall in worldwide sales of its Barbie dolls and Fisher-Price toys. Mattel's sales in North America fell 2 percent in the quarter ended March 31. Mattel's worldwide sales fell 5 percent to $946.2 million.
GE 1 Q earnings fall, outlook strong PepsiCo 1 Q jumps on snack sales, cost cuts Weak Barbie sales weigh on Mattel 1 Q World stocks subdued, Nikkei flat on profit taking Ahead of the Bell: US Unemployment Benefits UnitedHealth's 1 Q profit tumbles 8 percent Morgan Stanley's income rose 18 percent Heavy winter storms weigh on DuPont during 1 Q Post Holdings to buy Michael Foods for $2.45 B Chinese auto brands limp into Beijing show
GE earnings lower because of NBC sale last year, outlook for economy positive PepsiCo quarterly profit beats expectations on stronger snack sales, cost cuts Mattel reports 1st quarter loss on weak sales of Barbie, weakness internationally World stock markets subdued ahead of holiday, Nikkei flat as investors lock in profits More Americans likely sought jobs less aide last week; claims remain at pre-recession levels Philip Morris Int'l 1 Q profit down 12 pct on lower cigarette sales, unfavorable exchange rates UnitedHealth's 1st- quarter profit tumbles 8 percent, insurer cites overhaul costs Morgan Stanley's earnings rose 18 percent, helped by M&A, trading DuPont just shy on first-quarter projections, citing extensive winter storms that culled sales Post Holdings to acquire Michael Foods for $2.45 billion to expand range of food products
The stock market logged its longest losing streak since January, as the sell-off that began last week continued. Companies that sell goods and services that are not essential for shoppers led declines on Monday. CarMax slumped after the used car dealer posted earnings late Friday and Mattel dropped on concerns about the outlook for the toymaker's sales.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Pfizer Inc., down 96 cents to $31.20. BlackRock Inc., down $5.03 to $303.89.
NEW YORK— For investors, a volatile stock market passed a worrisome milestone on Monday. CarMax slumped after the used car dealer reported lower net income, and Mattel dropped on concerns about demand for big-name toys. "The markets are struggling to choose a direction," said Joe Tanious, a global market strategist for JPMorgan Funds.
*Deal to expand Mattel's construction, arts and crafts toys. Feb 28- Mattel Inc, the world's No. 1 toymaker, offered to buy Canada's Mega Brands Inc for about $460 million to better compete with Denmark's Lego, the leader in the fast-growing market for building blocks.
*Citigroup lowers 2013 profit as a result of fraud. *Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures pointed to a slightly lower open on Wall Street Friday, with the S&P 500 coming off a record close and after the U.S. government slashed its estimate for fourth-quarter economic growth.
*Salesforce.com raises revenue outlook, shares up. NEW YORK, Feb 28- U.S. stock index futures dipped on Friday, with investors reluctant to make big bets after the S&P 500 closed at a record and ahead of closely watched data on economic growth.
*Offers C $17.75 per Mega Brands share, premium of 36 pct. Feb 28- Mattel Inc, the world's No. 1 toymaker, said it agreed to buy Canada's Mega Brands Inc for about $460 million, including debt, to expand its construction and arts and crafts offerings.
Feb 28- Toy company Mattel Inc said it offered to buy Canada's Mega Brands Inc for about $460 million, including debt. Mattel will pay C $17.75 per Mega Brands share, representing a premium of 36 percent to the stock's close on Thursday. Mega Brands makes construction toys, games and puzzles and arts and crafts.
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