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MattelInc. posts

Is China hurting Disney's (DIS) reputation?

Posted Sep 10th 2007 12:42PM by Peter Cohan (RSS feed)
Filed under: China, Walt Disney (DIS), Mattel, Inc (MAT)

The New York Times [registration required] reports that The Walt Disney Compnay (NYSE: DIS) is changing its policy towards the Chinese toy manufacturers that license its brands. Thanks to numerous recalls of Mattel Inc. (NYSE: MAT) toys made in China, Disney will no longer cash its licensing checks from toy makers while looking the other way on quality matters.

Now, worried about the potential damage to its brands, Disney will inspect the toys made in the likeness of its characters. Disney's tests will focus on 2,000 toymakers and 65,000 products each year. Disney's Product Integrity Office, which oversees safety programs throughout the company, including in its theme parks, is deciding how often the tests will occur.

Continue reading Is China hurting Disney's (DIS) reputation?

Before the bell: BX, BRCM, NOK, AAPL, MAT

Posted Aug 8th 2007 9:00AM by Barry Summerlin (RSS feed)
Filed under: Before the Bell, Microsoft (MSFT), Apple Inc (AAPL), Nokia Corp. (NOK), Mattel, Inc (MAT), QUALCOMM Inc (QCOM), Texas Instruments (TXN), Broadcom Corp'A' (BRCM), Blackstone Group L.P (BX)

Main market news here: Before the bell: Cisco (CSCO) earnings boost futures.

The Blackstone Group (NYSE: BX) announced Wednesday morning that it has closed its latest fund, Blackstone Capital Partners V. The $21.7 billion fund is the largest buyout fund ever.

Broadcom Corp. (NASDAQ: BRCM) has added insult to injury in its rivalry with Qualcomm Inc. (NASDAQ: QCOM), following up a legal victory with news of a deal to supply chips to cell phone maker Nokia Corp. (NYSE: NOK), which is currently squabbling with Qualcomm.

In addition to the Broadcom deal and its continuing contract with Texas Instruments (NYSE: TXN), Nokia has also announced two new chip suppliers: Infineon Technologies (NYSE: IFX) and STMicroelectronics (NYSE: STM).

Apple (NASDAQ: AAPL) unveiled its new iMac on Tuesday, which features a slimmer, aluminum casing and a suite of software targeted at winning over users of Microsoft (NASDAQ: MSFT)'s Windows.

Mattel Inc. (NYSE: MAT) has named the Chinese manufacturer of almost 1 million Fisher-Price toys that it had to recall last week for possible lead paint.