IN BRIEF
SEATTLE — Amazon.com says it's hiring 50,000 temporary workers at order-fulfillment centers across the U.S. this holiday season.
The Seattle-based online retailer says it expects “thousands” of those it hires to stay on full time.
Full-time workers get stock grants and benefits. The company says its full-time employees make 30 percent more than traditional retail employees. It says stock grants have added an average 9 percent to base pay over the last five years.
Today's announcement follows hiring announcements from major retailers.
Among those, Macy's plans to hire 80,000 seasonal workers, while Wal-Mart plans to add 50,000. Toys R Us plans to hire 45,000 seasonal workers this year.
NEW YORK — Coca-Cola says its net income rose 3 percent in the third quarter, as the world's biggest beverage maker sold more of it drinks around the globe and raised prices.The Atlanta-based company, which makes Sprite, Dasani water and Powerade, says global sales volume rose 4 percent during the period, with growth across every region.The company says it earned $2.31 billion, or 50 cents per share, for the period ended Sept. 28. That's compared with $2.22 billion, or 48 cents per share, in the year-ago quarter. Not including one-time items, the company says it earned 51 cents per share, in line with analyst expectations.Revenue rose 1 percent to $12.34 billion, but fell shy of Wall Street expectations of $12.4 billion.
EL SEGUNDO, Calif. — Strong sales of American Girl dolls and Fisher-Price toys helped boost Mattel's third-quarter results, setting the stage for the biggest U.S. toy maker ahead of the critical holiday season.The results topped Wall Street expectations and sent its shares 4 percent higher in premarket trading. They also indicate how the company is likely to perform during the last three months of the year, when toy makers can earn up to 40 percent of its annual revenue.This year, retailers including Wal-Mart, Kmart and Toys R Us have beefed up layaway and reservation services to encourage shoppers to buy toys early in the season. Mattel said its net income was $365.9 million, or $1.04 per share, for the period ended Sept. 30. That's up from $300.8 million, or 86 cents per share, a year ago.Analysts expected 99 cents per share, according to a poll by FactSet.Revenue for the El Segundo, Calif.-based company rose 4 percent to $2.08 billion, topping Wall Street's estimate of $2.07 billion. Fisher Price sales increased 6 percent, while American Girl rose 16 percent. Sales of Hot Wheels were flat, while Barbie declined 4 percent. Mattel reported strong sales of Monster High products, while sales of games tied to the “Cars 2” movie fell.Sales climbed in North America and abroad, with international results pressured by foreign currency exchange rates.
