Business News

Barbie Sees Deflation

The retail investors are coming back with this recent rebound.   Last week they poured $2.5 billion into US stock mutual funds and exchange-traded funds, after $8 billion in outflows the prior week. (Lipper)

Consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell. The Consumer Price Index fell 0.2% last month after slipping 0.1% in August.

China’s imports extended the longest losing streak in six years. Imports plunged 17.7%  in September from a year earlier. Shipments to the U.S. rose 6.7% in September. Exports to the U.S. as a percentage of overall shipments jumped to their highest level since August 2010.

Mattel profits fell by one-third as sales of Barbie and other toys mainly marketed to girls declined and the strong U.S. dollar continued to pressure its revenue. Mattel said Barbie sales slumped outside the U.S., by 14% worldwide, while sales of its "Other Girls" brands, which include Monster High and Disney Classics, fell 29%. Shares of Mattel have fallen 27% 2015. (AP)

Another casualty of low oil prices. Occidental Petroleum is selling its assets in North Dakota's Bakken for $500 million. That is far less than the roughly $3 billion it had expected to get last year. (Reuters)

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