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Mattel 4Q results disappoint on soft Barbie, American Girl sales; CEO vows revitalization

2015-01-31 22:28:00| Toys - Topix.net

Slumping sales of Barbie did little to bring a happy holiday to her maker, Mattel Inc. Mattel's fourth-quarter earnings release Friday drilled down into the details of a weak performance that led to the resignation of its chairman and CEO. Barbie sales fell 12 percent, though that wasn't as bad as the third quarter's 21 percent drop.

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Senate Republicans pass Keystone bill as White House vows veto

2015-01-30 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The Republican-controlled U.S. Senate passed a bill to approve the Keystone XL pipeline, setting up a conflict with President Barack Obama who has promised a veto. The Senate voted 62-36 Thursday for the measure that would circumvent the administration review in progress for six years. Nine Democrats joined Republicans who backed the measure. Obama has said he wants to wait until the review is completed before deciding on whether to approve construction of the pipeline. Differences with a version...

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Adidas CEO vows to stay on, admits mistakes - paper

2015-01-28 15:15:59| Footwear - Topix.net

The long-serving chief executive of Adidas has no intention of stepping down despite criticism as the German sportswear company loses ground to U.S. rival Nike , he told a German newspaper. "If I no longer had the ambition and the energy, and the firm belief that I can bring the company further forward, then I would stop immediately," Herbert Hainer was quoted as saying by the Sueddeutsche Zeitung daily.

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Nigerian President Vows to End Boko Haram Insurgency

2015-01-25 07:02:32| IT Services - Topix.net

File Photo: Nigeria President, Goodluck Jonathan Maiduguri: Nigerian President Goodluck Jonathan held an election rally on Saturday at the epicentre of Boko Haram's insurgency, vowing to defeat the Islamist fighters as locals ...

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China vows to cut fossil fuel in painstaking energy revolution

2015-01-22 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Xinhua: Chinese Premier Li Keqiang pledged here on Wednesday to reduce the proportion of fossil fuel in China's total energy mix and promote clean technology. This marks the latest effort of the world's most populous country in its uphill battle against air pollution and climate change. When meeting with representatives of the International Business Council of the ongoing World Economic Forum (WEF) in the Swiss mountain resort of Davos, Li said China has pledged to increase the share of non-fossil...

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