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Business for Friday, August 03, 2007

Business day: Court rules against Katrina victims

NEW ORLEANS — Hurricane Katrina victims whose homes and businesses were destroyed when floodwaters breached levees in the 2005 storm cannot recover money from their insurance companies for the damages, a federal appeals court ruled Thursday.

Parents worried about their kids’ exposure to lead are advised to take them for blood tests

WASHINGTON — Parents worried their children may have been exposed to excessive levels of lead in recalled Fisher-Price toys should visit the pediatrician for a blood test, experts said Thursday.

Mattel CEO apologizes for toy recall; cites $30 million impact on operating income

LOS ANGELES — Mattel apologized Thursday to customers affected by a recall nearly a million toys from its Fisher-Price division and said the move will cut pretax operating income at the world’s largest toymaker by $30 million.

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