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...stock has climbed 28% this year, while Hasbro's has risen 63%. Mattel CEO Robert Eckert plans to slash 1,300 jobs and shutter the firm's last U.S. plant (most toys are made in low-wage Southeast Asia and China.) He has moved product-development teams from El Segundo, Calif., to Hong Kong, where they can better coordinate manufacturing. Result: a leaner, nimbler operation, with toys shipped to retailers earlier in the season to avoid supply disruptions...
Executives at Mattel, for example, can't remember the last hit toy the $4.8 billion company incubated without a movie licensing tie-in or an idea purchased from a smaller company. The days when the firm, based in El Segundo, Calif., was capable of organically growing a brand from the roots up, building Barbie or Hot Wheels into multibillion-dollar annual businesses, seem long gone...
MOSCOW: When a booster on a Russian-made Proton-K rocket failed six hours into launch Friday, a $100 million U.S.-built communications satellite was lost in space. The Russian Space Agency looks to be close behind. The satellite, built by Hughes Space & Communications International in El Segundo, Calif., was fully insured, and a replacement will be ready in two years. But this was the third major failure of the DM-3 booster in the two years that the RSA has been carrying foreign satellites into space for desperately needed cash (charging about $70M a ride). Will Hughes ask again...
...interviews this week with officials at Harvard, and in the U.S. and El Salvador, a picture has evolved that links the University to Jesuits Segundo Montes and Ignacio Martin-Baro. The pair, who were highly placed scholars within the embattled Jesuit academy Universidad Centroamericana Jose Simeon Canas in San Salvador (UCA), worked at promoting their cause within Harvard's Center for International Affairs (CFIA) and a Harvard-based international scholars program...
...Thursday. He was lying on the lawn behind his residence, clad in a familiar dark blue T shirt that seemed to be one of only three he owned. Most of his gentle, bearded face had been torn away by an M-16 bullet. Next to him was Father Segundo Montes, director of the University of Central America's human rights project, and a few feet away sprawled the school's rector, Father Ignacio Ellacuria. The priests' cook, Elba Julia Ramos, lay nearby, her brown dress curled around her waist...