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Lead out.


Lead Out: Members of Congress sent a letter to the chief executive of Mattel Inc. accusing the company of not keeping its promise to prevent lead-tainted toys from getting into children's hands. The letter came after the lawmakers said they were troubled by the El Segundo company's decision against a nationwide recall of a toy medical kit sold under the Fisher-Price brand that contained hazardous amounts of lead. Lawmakers are considering a law to limit lead in toys. Mattel said that its tests of the toy found higher-than-anticipated levels of lead, but claimed the toy met American and European standards. Also, Mattel reported fourth quarter net income of $329 million, up 15 percent from the same period a year earlier. Sales for the El Segundo-based company rose 3.8 percent to $2.19 billion.

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Title Annotation:News of the Week; United States. Congress. House
Publication:Los Angeles Business Journal
Article Type:Brief article
Date:Feb 4, 2008
Words:134
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