Mattel Inc. said it would suspend its dividend, accelerate cost-cutting and scale back new product launches after it swung to a surprise loss and reported a 13% drop in third-quarter sales. The weaker-than-expected results are the latest worrisome signal from the maker of Barbie and Hot Wheels, which earlier this year named its third chief executive in as many years in an attempt to turn the company around.

Source: Wall Street Journal October 26, 2017 21:33 UTC