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The CEO of Mattel Inc. insisted Tuesday that his company has "rigorous standards" and apologized as the company was forced to recall millions of toys for the second time in two weeks.

The toys were manufactured in China.

The recall, which was announced by the U.S. Consumer Product Safety Commission, affects about 9.5 million toys in the United States, and 11 million in foreign countries.

It is the largest in recent months involving Chinese products, which have come under scrutiny worldwide for containing potentially dangerous high levels of chemicals and toxins.

"We are concerned," Mattel Chief Executive Officer Bob Eckert told CNN. "With respect to the specifics of this recall, Mattel was investigating the earlier recall, and discovered this one as well." Watch reactions to the latest toy recall Read full article »

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