Congress looks into Mattel after toy recalls: report
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The U.S. Congress is looking into  Mattel Inc&#39;s procedures for alerting federal regulators about  hazardous toys, The Wall Street Journal reported in its online  edition on Friday.
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The head of Mattel will appear in front of a Senate panel, along with the CEO of Toys "R" Us and the acting chairwoman of the Consumer Product Safety Commission
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China hit back after Mattel's massive toy recall on Monday, saying designers and importers should also take responsibility for product safety, but promised to punish its own manufacturers who flout standards.
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NEW YORK/PHILADELPHIA  - Toys R Us Inc. TOY.N  has opened its financial records to more than a dozen  prospective suitors, including a consortium being led by the  retailer's former chairman and chief executive Michael  Goldstein, sources familiar with the situation said on Friday.
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Mattel CEO Robert Eckert   defended his company&#39;s toy safety record on Wednesday as two  skeptical Democratic lawmakers accused him of stonewalling a  congressional probe into production practices in China linked  to millions of recalled toys.
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Congress started an investigation into whether the U.S. Food and Drug Administration overlooked problems at a British plant that led to the withdrawal of half the country's flu vaccine supply.
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Congress is looking into whether the Food and Drug Administration ignored safety concerns about the drug raised by its own reviewers and outside scientists.
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Lead paint caused the toy recalls; investors could profit from a switch to a non-toxic alternative.
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Robert A. Eckert told Congress that the toy industry would work to prevent unsafe toys from entering the U.S.
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A reminder from the government: check those holiday shopping lists to make sure no recalled children&#39;s toys are on them. The Consumer Product Safety Commission compiled its
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The Consumer Product Safety Commission, in cooperation with Mattel, announced a recall of 844,000 toys that contain excessive levels of lead paint Tuesday night - the third such recall of Chinese-manufactured toys by Mattel this summer.
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A Chinese province may sue Mattel for harming its reputation in the recent recall of toys, state press said.
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Acknowledging a growing crisis of public confidence caused by a series of recent recalls, the nation's largest toy makers have taken the unusual step of asking the federal government to impose mandatory safety testing standards for all toys sold in the United States.
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Mattel, in cooperation with the U.S. Product Safety Commission, is recalling 2.4 million Polly Pocket Doll play sets after three children suffered serious injuries from swallowing small magnetic parts, the second recall of a magnetic toy this year.
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China on Monday hit back at Mattel, after a massive toy recall, saying designers and importers should also take responsibility for product safety, but promised to punish its own manufacturers who flout standards.
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The toy maker is on the defensive over recalls, but are assurances of good sales believable?
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Concerns about toy safety since last summer's recalls, along with worries about the economy, have made shoppers more cautious and have resulted in generally sluggish toy sales. No retailer has as much at stake as Toys "R" Us Inc., the nation's largest specialty toy seller. In an interview with The Associated Press, Chairman and CEO Gerald L. Storch discusses toy recalls and details what the retailer and the industry are doing to make toys safer.