Mattel names former Maker Studios executive as CEO after Georgiadis quits
(Reuters) – Mattel Inc said on Thursday that board member and digital media executive Ynon Kreiz will replace Chief Executive Margaret Georgiadis, who is stepping down after only 14 months at the helm of the maker of Hot Wheels and Barbie dolls.
Tobacco and tech drag on Wall Street; yields boost banks
NEW YORK (Reuters) – Wall Street’s three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped finan…
Mattel CEO Margaret Georgiadis to step down
(Reuters) – Toymaker Mattel Inc Chief Executive Officer Margaret Georgiadis, who took the helm in February last year, will step down and be replaced by company director Ynon Kreiz, effective April 26, the company said on Thursday.
Canada sees progress on crucial autos file at NAFTA talks
WASHINGTON (Reuters) – Canadian, Mexican and U.S. ministers seeking to revamp the NAFTA trade deal have made good progress on the vital question of autos content, Canadian Foreign Minister Chrystia Freeland said on Thursday as pressure to wrap up a dea…
New York’s ‘Fearless Girl’ to stare down the Stock Exchange
NEW YORK (Reuters) – The bronze statue of a little girl that became a tourism phenomenon by staring down Wall Street’s massive “Charging Bull” sculpture is to be moved to a nearby spot where its stern gaze will be on the male-dominated New York Stock E…
Mattel CEO Margaret Georgiadis in talks to leave company: WSJ
(Reuters) – Toymaker Mattel Inc’s Chief Executive Officer Margaret Georgiadis is in discussions to leave the company, the Wall Street Journal reported, citing people familiar with the matter.
AT&T CEO Stephenson says deal needed in content-dependent world
WASHINGTON (Reuters) – AT&T CEO Randall Stephenson said on Thursday his company’s bid to buy movie and TV show maker Time Warner would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices.
Trudeau says recognizes NAFTA timeline, will stick up for Canada
LONDON (Reuters) – Canadian Prime Minister Justin Trudeau said on Thursday he recognized the timelines on seeking a NAFTA trade agreement and was engaging as much as possible to meet an opportunity to make “significant progress”.
Shire rejects $63 billion Takeda bid as Allergan drops pursuit
NEW YORK/LONDON (Reuters) – Rare disease drug maker Shire Plc said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan’s Takeda Pharmaceutical Co Ltd , while Allergan Plc reversed course on pursuing a rival bid.
Apple, Philip Morris, chips lead slide on Wall Street
(Reuters) – U.S. stocks fell on Thursday, as technology stocks from Apple to chipmakers declined following a weak forecast on smartphone demand, while a sharp drop in Philip Morris’s shares after results weighed on the consumer staples sector.
