Mattel’s Fisher-Price Recalls Risky Toys, U.S. Says
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Mattel Inc.’s Fisher-Price subsidiary is recalling almost 11 million toys, including tricycles, after reports of children being cut or choking, the U.S. Consumer Product Safety Commission said today.
Fisher-Price notified the agency of certain design and manufacturing flaws, triggering an investigation of company products that found additional defects, said Scott Wolfson, CPSC spokesman. Fisher-Price wanted to do the four resulting recalls at the same time, he said. Mattel, which bought the company in 1993, said in a regulatory filing today that removing the toys will trim 2010 per-share earnings by 1 cent.