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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.