The former chief of Kraft Foods on Wednesday was named the new chairman and CEO of Mattel Inc., the troubled toy manufacturer that has been plagued with sagging sales and profits.Robert A. Eckert will immediately take over the helm at the world's largest toy maker.
He replaces Jill Barad, who resigned in February after more than a year of declining share prices and disappointing earnings reports.
Eckert joins the El Segundo, Calif.-based company at a critical time. Mattel needs to quickly determine how it will attack the fast-growing market of high-tech toys and how it will boost sales of its core brands like Barbie and Hot Wheels.
Lycos bought by Spanish Net provider The leading Internet service provider in the Spanish-speaking world is buying Lycos Inc., the first time a major U.S. Web portal has been bought by a foreign company.
The widely expected acquisition by Terra Networks SA was announced Tuesday.
The Spanish company is paying $12.5 billion in stock for its beachhead in the United States, where it likely hopes to attract Hispanic subscribers.
World Nations ask business to patrol the Web
The world's most powerful industrial nations -- desperate to combat global Internet attacks -- made an unprecedented appeal Wednesday to the business world to help police the Web.
"Governments and the private sector share a joint interest in the fight against the illegal or prejudicial use of information and communication technologies," the Group of Eight nations said in a statement ending a three-day conference on Internet crime.
The G-8 consists of the United States, Japan, Britain, Germany, France, Italy, Canada and Russia.
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