BRIEFCASE MATTEL FILES SUIT ON ERRANT WORKER.Byline: - Staff and Wire Services EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and - Mattel Inc. sued a former employee who allegedly worked for a competitor while still on the toy maker's payroll, court papers show. Mattel filed the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Superior Court breach of contract lawsuit Tuesday against Carter Bryant Carter Bryant is a former Mattel employee and current MGA Entertainment employee who created the Bratz line of dolls [1]. At Mattel he helped design a number of Barbie playsets and dresses [1]. . Mattel is asking for unspecified monetary damages Monetary damages, in civil law, refers to compensation given to an injured party by a liable party. Monetary damages may be restitution, a penalty, or both. . Bryant, who could not be reached for comment, allegedly misappropriated mis·ap·pro·pri·ate tr.v. mis·ap·pro·pri·at·ed, mis·ap·pro·pri·at·ing, mis·ap·pro·pri·ates 1. a. To appropriate wrongly: misappropriating the theories of social science. intellectual property from Mattel, the suit states. The suit does not disclose Bryant's ``other'' employer. Hilton reports $37 million net BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. - Hilton Hotels
Diluted net income per share was 10 cents in the first quarter ended March 31, compared with 2 cents in the 2003 period. Contributing to strong quarterly results were ``significant increases in the company's management/franchise fee and time share businesses, along with strong revenue per available room gains at the company's comparable owned hotels and each of the company's brands,'' according to a Hilton statement. Company-owned hotels in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , the Washington, D.C. area, Hawaii and Phoenix posted particularly strong results in the quarter. San Francisco, while improving, remains a generally soft market. Nortel fires CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 2 other execs NEW YORK - Nortel Networks Corp. fired its CEO and two other top executives, and said Wednesday it would restate 2003 earnings - cutting the year's profit in half - and delay reporting its first-quarter results. Its shares fell 28 percent. The telecom equipment maker, which already restated results for the past three years last October, said its audit committee also was reviewing again the financial data the company reported for that period. Nortel said it fired chief executive Frank Dunn, chief financial officer Douglas Beatty and controller Michael Gollogly. Beatty and Gollogly had been put on paid leave of absence on March 15. The company said it put four other senior financial executives on paid leave Wednesday ``pending further progress of the independent review.'' Boeing has profit of $623 million CHICAGO - Boeing Co. swung to a $623 million profit in the first quarter and raised estimates Wednesday for revenue and earnings into 2005, citing signs of stabilization in the long-shaky commercial jet market and impressive sales from its military business. CEO Harry Stonecipher said he was encouraged by the improving airplane market but acknowledged continuing difficulties with Boeing's efforts to end controversies over its ethical practices, which have left both a lucrative air-tanker deal and its ability to bid on government rocket contracts on hold for months. Ethical problems aside, Boeing's large backlog of key military contracts helped revenue at its defense and space unit surge 18 percent from a year earlier, enabling it to post far better earnings than had been expected. Net income amounted to 77 cents a share, compared with a net loss of $478 million, or 60 cents a share, a year earlier. |
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