Spotlight: Mattel to Close New York Plant

Mattel Inc., the No. 1 U.S. toy maker, said low demand for large, outdoor play equipment is prompting it to close a plant in Upstate New York and lay off 175 employees. Production of its Fisher-Price toys will be transferred to an existing factory in Georgia. El Segundo-based Mattel said the plant closure is part of a broader effort to reduce production costs, including the elimination of about 2,700 jobs. Mattel bought rival Tyco Toys Inc. for $755 million in March.