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Earnings Report

Mattel's 1Q sales shored up by Hot Wheels and Barbie

Mattel Inc. is reporting better-than-expected first-quarter sales as demand for Hot Wheels and Barbies helped soften the blow of the closing of Toys R Us. Mattel reported Thursday a net loss of $311.3 million, or 90 cents per share, in the quarter.

Business Highlights

___ Hope for US trade visit to China: A delay in harmful tariffs WASHINGTON (AP) — When Treasury Secretary Steven Mnuchin leads a delegation of American officials to Beijing next week, few analysts expect them to defuse a smoldering trade conflict with China.

Starbucks CEO says racial controversy hasn't affected sales

Starbucks Corp., which has been addressing fallout over the arrest of two black men at one of its Philadelphia stores, reported sales growth Thursday that modestly exceeded Wall Street expectations during a period that preceded the outcry.