BRIEFCASE TOY MAKER MAKES 'ODDPARENTS' DEAL.Byline: - Staff and Wire Services MALIBU - Jakks Pacific JAKKS Pacific, Inc. NASDAQ: JAKK is is a multi-brand company that designs and markets a broad range of toys and consumer products and is based in Malibu, California. Its product categories include action figures, art activity kits, stationery, writing instruments, performance Inc. announced a fairly odd deal Wednesday with kid-television producer Nickelodeon. The toy maker will serve as master toy licensee for the cartoon specialists' ``The Fairly OddParents'' for three years. Terms were not announced, but Jakks said it would produce plush toys, dolls, accessories and hand-held electronics. The toys, manufactured under Jakks' Flying Colors line, will debut at the American International Toy Fair The American International Toy Fair (the trademarked name uses all capitals for TOY FAIR) is one of a few major toy industry trade shows held around the world. It is held annually in late winter (mid February) in New York City's Toy District (Broadway and 5th Avenue in the mid this month. Nation's economy grinding to a halt WASHINGTON - Worried about a possible war, Wall Street has been in a funk this year and the news on Main Street hasn't been any better. Business executives are freezing new spending and hiring, fearful of big commitments in the face of so much uncertainty. Some analysts think the national anxiety, heightened by the loss of space shuttle Columbia, could be enough to derail de·rail intr. & tr.v. de·railed, de·rail·ing, de·rails 1. To run or cause to run off the rails. 2. the feeble recovery and throw the country back into recession. The economy, which had been growing at a solid 4 percent rate in the summer, screeched to a near halt during the final three months of the year, managing to eke out a tiny 0.7 percent growth rate. ``The probability of a double-dip recession double-dip recession An extended decline in economic activity following an aborted recovery from a previous recession. A relatively weak economic recovery sometimes causes investors to worry about the economy entering another recession. has certainly risen,'' said Sung Won Sohn Sung Won Sohn is a renowned American economist. He was named one of the top five most accurate economic forecaster in 2001 by Bloomberg News. Sohn studied economics at the University of Florida and earned a Ph.D. in Economics from the University of Pittsburgh. , chief economist at Wells Fargo in Minneapo is still mired mire n. 1. An area of wet, soggy, muddy ground; a bog. 2. Deep slimy soil or mud. 3. A disadvantageous or difficult condition or situation: the mire of poverty. v. in a pretty soft patch A quick fix to machine language currently in memory that only lasts for the current session. and we have not made it to firmer ground.'' United will start a discount airline CHICAGO - United Airlines said Wednesday that it plans to return to profitability through a combination of reducing costs, launching a low-cost carrier and using more regional jets. In the most extensive comments yet on its new strategy in bankruptcy, United told its employees that it needs its own discount carrier to become more competitive in the leisure-travel market. It defended the plan to create a separate, low-cost airline - which has been assailed by unions and questioned by industry expert first disclosed in December - saying it will entail a new business model that ``has learned from the industry's past mistakes.'' But unions remained cool to the plan and analysts said there were not enough details available yet to fairly assess it. Circuit City set to reduce staffing RICHMOND, Va. - Circuit City Stores Inc. will cut about 2,000 jobs, or 4.8 percent of its work force, as it changes how it compensates its sales people and closes more repair shops amid a sales slump, the electronics retailer announced Wednesday. The company also said it will relocate or remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. more stores this year. The Richmond-based chain said sales at stores open at least a year fell 2 percent in January compared with the same month last ye decline into account, the company said it expects earnings for its fourth fiscal quarter to amount to 35 cents to 40 cents a share from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the before one-time charges. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion