Mattel apologizes to China over toy recalls
Mattel Inc. apologized to Chinese officials after recalls of millions of Chinese made toys. Executive vice president Thomas A. Debrowski told Li Changjiang that Mattel takes full responsibility and apologizes to the Chinese people and customers. The gesture aims to ease strained relations and avoid potential regulatory or tax retaliation.
MENTIONED IN THIS ARTICLE
Los Angeles
Mattel Inc
China
Li Changjang
Mattel
Thomas A. Debrowski
Eric Johnson
Tuck School of Business
Dartmouth College
McDonalds rebounds with healthier menu amid praise
McDonalds, once criticized for fattening fare, reports stronger global sales driven by new items such as premium coffee, snack wraps and salads. Asia Pacific and Europe show gains while U S sales rise for the 53rd straight month. Shares climb after dividend boost and plans to return up to 17 billion to shareholders.
MENTIONED IN THIS ARTICLE
Bob Goldin
Technomic Inc
Oak Brook
Ill
U.S
Asia/Pacific
Middle East
Africa
Europe
Lakshman Krishnamurthi
Kellogg School of Management
Northwestern University
McDonald's
Goldin
State jobless rate down slightly in August
Ohio's unemployment rate eased to 5.7 percent in August from 5.8 percent in July, with 337,000 workers unemployed versus 344,000 in July. The number of jobless residents was up 5,000 from a year earlier as the labor market held steady and the tally of working Ohioans edged higher, according to Ohio Department of Job and Family Services Director Helen Jones-Kelley.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Ohio Department of Job and Family Services
Helen Jones-Kelley
Paper maker to buy North American operations of Stora Enso
NewPage Holding Corp privately owned by Cerberus Capital will purchase eight Stora Enso North American coated paper plants for about 2.1 billion dollars. The deal includes 1.5 billion cash, a 370 million dollar equity stake, 200 million in vendor notes and 450 million assumed debt. The combination aims to reduce annual costs by 265 million and boost competitive operations in magazines and catalogs amid imports and online substitution.
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Toledo
NewPage Holding Corp
Cerberus Capital
U.S
Mark A. Sunyn
NewPage
Stora Enso Oyj
Stora Enso
Magazine
Cata
Dayton
Suwyn
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