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I'd like to deconstruct the myth that the China lead-contaminated is responsible for the drop off in toy sales this year. Lead-contamination worries or not, parents are still buying toys and kids are still playing with them this season.
Tests on more than 1,200 children's products, most of them still on store shelves, found that 35 percent contain lead -- many with levels far above the federal recall standard used for lead paint.
Shoppers jammed stores before dawn Friday to grab discounted TVs, toys and clothing for the official start of the holiday season, expected to be the weakest retail showing in five years.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The latest Elmo incarnation was unveiled Thursday -- a new version of last year's hit T.M.X. Elmo that allows kids to induce a case of the hiccups or a laughing fit to the tune of "She's a Maniac."
What's looking up in this down market? Peter Klein, senior portfolio manager at Fifth Third Asset Management, and Frank Holmes, CEO and chief investment officer of U.S. Global Investors, are two five-star fund managers who still find promising purchases.
Mattel, the world's largest toymaker, has recalled 155,000 of its products made in Mexico over safety concerns, an official at the company told Reuters on Tuesday.
Companies big and small are working on environmentally friendly initiatives, either looking to make money or save money.
Hasbro, the second-largest U.S. toy company, posted a higher quarterly profit Monday, helped by sales at its Playskool brand and continued strong demand for products tied to the Transformers movie.
Stocks closed lower after financial giant Citigroup halted its stock buyback plan and said it and two other big U.S. banks will create a multibillion-dollar fund in order to support the struggling commercial debt market.
It is the most important season of the year for Mattel as the company faces its most horrific crisis.
Stocks are sending a mixed message this morning as oil cranks to a new high and earnings season gets underway. European stocks are mixed to firmer, and Asian markets were higher though Tokyo had a flat session.
Mattel, the world's largest toy company, posted lower quarterly profit, missing Wall Street estimates, Monday on charges stemming from its recent global recalls of potentially harmful toys.
By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.
More than half a million toys ranging from key chains to Winnie the Pooh bookmarks and Baby Einstein color blocks are being recalled because of excessive lead, the U.S. Consumer Product Safety Commission said Thursday.
More than half a million toys ranging from key chains to Winnie the Pooh bookmarks and Baby Einstein color blocks are being recalled because of excessive lead levels, the Consumer Product Safety Commission said Thursday.
China's state media on Monday welcomed U.S. toy maker Mattel's apology over its recalls of Chinese-made toys, saying that although overdue it should help restore the country's sullied export reputation.
The world's largest toy maker, Mattel, apologized on Friday for damaging China's reputation after recent massive recalls of its Chinese-made toys, admitting it targeted some goods that were actually up to scratch.
For now, toy makers and retailers are sharing the burden, but that's only expected to last until the holiday season. Next year, American consumers will be facing price increases of up to 10% to pay for the industry's increased vigilance after more than 3 million lead-tainted toys from China were recalled worldwide since June.
Stocks closed lower as investors remained cautious ahead of next week's Federal Reserve meeting on interest rates. "I think the Fed is behind the game and they have to play catch up," said Bill Strazzullo, chief market strategist at Bell Curve Trading.