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| October 23, 2018

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Mattel is cutting more than 2,200 jobs as revenue falls for fourth straight quarter

July 25, 2018 |

Mattel Inc. announced Wednesday that it is slashing more than 2,200 jobs, which the toy maker said represented 22% of its global non-manufacturing workforce.

The El Segundo company disclosed the move in reporting its second-quarter earnings, which didn’t meet analysts’ expectations as revenue fell…


L.A. Times – Business

Serena Loses the Final in Straight Sets

July 14, 2018 |

Angelique Kerber won her first Wimbledon championship by stopping Serena Williams’ bid for a record-equaling 24th Grand Slam title, the AP reports. Kerber played cleanly as can be, covering the court so well and picking her spots for big shots, in a 6-3, 6-3 victory over Williams in Saturday’s final….
Newser

Skip the Rock, Go Straight to Eighth Grade

July 13, 2018 |

Rawson Marshall Thurber’s Skyscraper arrives at the box office this weekend with the most wham: It’s “the biggest-budgeted ‘not based on anything’ release of the year,” per Forbes , and stars heartthrob Dwayne “the Rock” Johnson as a former FBI operative turned security expert under siege. When it comes to reviews,…
Newser

Maxine Waters: ‘You Better Shoot Straight’

July 1, 2018 |

Maxine Waters may have canceled events in Texas and Alabama this weekend over a ” very serious death threat ,” but she showed up to a Los Angeles rally against US immigration policy with a message: “I know that there are those who are talking about censuring me, talking about kicking me…
Newser

Dow Posts 7th Straight Loss

June 20, 2018 |

Stocks are ending mostly higher Wednesday, although the Dow Jones industrials are posting a seventh straight loss due to weakness in McDonald’s and Travelers, the AP reports. The Dow slid 42.41, or 0.2%, to 24,657.80. It’s fallen 2.6% during the losing streak. The broader S&P…
Newser

Stocks rise for the fourth straight day; bank shares jump

June 6, 2018 |

U.S. stocks rallied Wednesday, notching their fourth gain in a row as banks climbed along with bond yields. On Wall Street, there were signs that investors were getting a bit less nervous about international trade tensions.

Some of the biggest gains went to industries that have lagged behind the…


L.A. Times – Business

Cleveland, Golden State Set for 4th Straight NBA Finals

May 29, 2018 |

Here we go again. And again. And, well, again. Round 4—as many predicted, and others probably lamented—is happening. Cleveland and Golden State will meet for the fourth straight year in the NBA Finals, the Warriors looking for a third championship in that span and LeBron James and the…
Newser

Chinese Tech Giant Tencent Slumps for Second Straight Day

March 24, 2018 |

Tencent Holdings Ltd.’s stock slumped 8% shortly after Hong Kong markets opened Friday, following a 5% drop in the previous session, as investors re-assessed the Chinese tech giant after one of its biggest shareholders was set to sell nearly $ 10 billion worth of its position.
WSJ.com: What’s News Asia

Lose Your Kidney in Venezuela, ‘Go Straight to the Cemetery’

March 3, 2018 |

There’s a literal casualty of Venezuela’s ongoing economic woes: those with kidney problems. Reuters dives into the dire situation that both kidney transplant recipients and those hoping to join their ranks face in the midst of the country’s inability to buy enough drugs from abroad or make enough domestically. USA…
Newser