Mattel posts surprise profit as Barbie makeover lifts sales
Mattel Inc posted a surprise fourth-quarter profit on Thursday, as the toymaker benefited from a makeover of its iconic Barbie doll, while keeping a tight lid on costs, sending its shares soaring 19 percent in extended trading.
Fiat Chrysler paid $77 million in U.S. fuel economy penalties in 2018
Fiat Chrysler Automobiles NV told Reuters on Thursday it paid $77 million in U.S. civil penalties late last year for failing to meet 2016 model year fuel economy requirements, the first significant sign the industry is facing hurdles meeting rising emi…
No talks between Trump and China’s Xi before trade deadline
U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.
Mattel posts surprise profit on boost from Barbie
Mattel Inc reported a surprise quarterly profit on Thursday, as the toy maker benefited from its revamped line of Barbie dolls and its efforts to keep a lid on costs, sending its share soaring 17 percent in extended trading.
U.S. bankruptcy judge approves sale of Sears to Chairman Lampert
A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert’s $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to avert liquidation and preserve tens of thousands of jobs.
No talks set between Trump and China’s Xi before trade deadline
President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.
Barclays hires internet banker from Deutsche Bank
Barclays Plc said on Thursday it hired Riaz Ladhabhoy, an investment banker from Deutsche Bank to be the co-head of internet banking in the Americas, a move that comes ahead of a wave of IPOs expected in the sector this year.
Fiat Chrysler paid U.S. $77 million in fuel economy penalties in 2018
Fiat Chrysler Automobiles NV told Reuters on Thursday it paid $77 million in U.S. civil penalties late last year for failing to meet 2016 model year fuel economy requirements.
Shares stumble on fresh fears about global growth, trade
Stocks pulled back sharply around the world on Thursday on fears of a global growth slowdown spreading to Europe and worry about the chances for a resolution of U.S.-China trade tensions anytime soon, while the U.S. dollar strengthened for a sixth sess…
Barbie, Hot Wheels drive Mattel’s sales beat; shares soar
Mattel Inc beat Wall Street estimates for quarterly sales on Thursday, as the toy-maker sold more Barbie dolls and Hot Wheels cars during the crucial holiday season, sending its shares up more than 17 percent in extended trading.
