Mattel reports profit despite recalls (AP)

Dancing Princess Barbie dolls are displayed at a Toys R Us in Monrovia, Calif., in this Jan. 29, 2007 file photo. Mattel Inc., maker of Barbie, Hot Wheels and Fisher-Price toys, on Thursday, Jan. 31, 2008 said its fourth-quarter profit rose 15 percent as tax gains helped offset charges related to product recalls. (AP Photo/Nick Ut, file)AP - Mattel Inc. posted a 15 percent gain in fourth-quarter profit, even though it entered the crucial holiday season in the shadow of negative publicity over its recalls of millions of Chinese-made toys tainted with lead.

Original post by Yahoo! News: Business

Leave a Reply

You must be logged in to post a comment.