Browsing articles labeled "Business"

Manga, Mario and now ninja: Japan's hopes for wooing tourism

TOKYO (AP) -- Japan is turning to those hooded samurai-era acrobatic spies known as ninja to woo tourism. The Japan Ninja Council, a government-backed organization of scholars, tourism groups and businesses, said Wednesday that it's starting a Ninja Academy to train people in the art of ninja, and building a new museum in Tokyo devoted to ninja, set to open in 2018.

Maple syrup producers face challenges in warming world

DURHAM, N.H. (AP) -- New Hampshire's maple syrup producers say they are feeling the impact of climate change, as winters become warmer and frigid nights so critical to their business become fewer. Producers joined climate experts and Democratic U.S. Sen. Maggie Hassan of New Hampshire on Tuesday to talk about the state's changing climate and how it is affecting one of the state's most important industries.

Box Office Top 20: 'Lego Batman,' 'Fifty Shades' stay on top

NEW YORK (AP) -- Holdovers "The Lego Batman Movie" and "Fifty Shades Darker" led the North American box office for a second week, while Matt Damon's "The Great Wall" -- a hit in China, where it was made -- struggled in its domestic debut. Warner Bros.' "The Lego Batman Movie" was No.1 again, selling $42.7 million in tickets over the four-day holiday weekend, according to final figures Tuesday from comScore.

Wells Fargo fires 4 senior managers in sales scandal inquiry

NEW YORK (AP) -- Wells Fargo's board of directors fired four senior managers as part of its investigation into the bank's sales practices scandal. Tuesday's announcement is the first public firing of managers and executives since Wells acknowledged in September that its employees opened up to 2 million bank and credit card accounts without customer authorization in order to meet lofty sales goals.

Board: Puerto Rico to be hit with painful austerity measures

SAN JUAN, Puerto Rico (AP) -- The newly appointed head of a federal control board that oversees Puerto Rico's finances warned on Tuesday that the U.S. territory will be hit with painful austerity measures in upcoming months. Interim Director Ramon Ruiz said there are no other options given the island's dire economic situation and recommended that the government act quickly. "We allowed this to reach too critical of a point," he said.

Vail Resorts to buy Vermont's Stowe Mountain ski resort

MONTPELIER, Vt. (AP) -- Colorado-based Vail Resorts will pay $50 million to acquire Stowe Mountain Resort, one of Vermont's most venerable ski resorts, the companies announced Tuesday. The deal would be the first East Coast property for Vail, and Stowe would be added to the company's network of 10 resorts.

Germany's Merkel calls PSA group CEO over Opel takeover

BERLIN (AP) -- Chancellor Angela Merkel has called the chief executive of PSA Group, the maker of Peugeot and Citroen cars, to discuss its potential takeover of General Motors' German subsidiary. Merkel's spokesman said PSA boss Carlos Tavares told her Tuesday that the Opel unit would remain independent within the group. The spokesman, Steffen Seibert, said Tavares also assured Merkel that PSA would safeguard Opel's sites and planned investments and "honor job guarantees.

Italy cabbies clash with riot police during strike over Uber

ROME (AP) -- Thousands of Italian taxi drivers protesting legislation they say will favor Uber clashed with riot police Tuesday, intensifying a weeklong cab strike that has crippled transportation in Rome, Milan and Turin. The cabbies marched through Rome and protested in front of parliament, at the headquarters of the ruling Democratic Party and finally at the infrastructure ministry, where officials were meeting with union representatives to try to work out a settlement.

Justices reject appeal of tea party groups over IRS review

WASHINGTON (AP) -- The Supreme Court has rejected an appeal from a nonprofit group that wanted to sue individual IRS officials for targeting tea party groups that applied for tax-exempt status. The justices on Tuesday left in place an appeals court ruling that said the group could not sue former IRS official Lois Lerner and others for their roles in singling out certain applications for extra, sometimes burdensome scrutiny.

Tiffany adding 3 new directors to board in JANA deal

NEW YORK (AP) -- Tiffany & Co. is naming three new directors to its board as part of a deal with hedge fund JANA Partners as it continues to search for a new CEO. Frederic Cumenal stepped down as CEO earlier this month amid concerns about the jewelry company's financial performance. Michael Kowalski, chairman of the board of directors and previous CEO of Tiffany, is serving in the interim.

Burger King, Tim Hortons owner adding Popeyes to holdings

NEW YORK (AP) -- The parent company of Burger King and Tim Hortons is buying Popeyes for $1.8 billion, with plans to accelerate the growth of the fried chicken chain. Such a move fits Restaurant Brands International's strategy of taking over well-known fast-food chains that it believes have the potential for wider expansion. While Popeyes has a presence in almost every state, its locations now are concentrated in the eastern half of the continental U.S.

Yahoo salvages Verizon deal with $350 million discount

SAN FRANCISCO (AP) -- Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement, announced Tuesday, eases investor worries that Verizon Communications Inc. would demand a discount of at least $1 billion or cancel the deal entirely.

Romanian lawmakers scrap decree that eased graft penalties

BUCHAREST, Romania (AP) -- Romania's parliament has endorsed a government order to scrap a decree that would have diluted the fight against corruption, a decree that had ignited mass street protests at home and wide criticism from abroad. The Chamber of Deputies voted Tuesday 291-0 with three abstentions to agree to a government ordinance that killed the highly contentious decree issued Jan. 31 that decriminalized official misconduct if the damage was less than about $48,500.

Dubai: Panel clears DP World of Djibouti allegations

DUBAI, United Arab Emirates (AP) -- Dubai's government says an arbitration tribunal has cleared port operator DP World of allegations of wrongdoing over its operation of an East African port. The government of Djibouti brought a legal challenge against Dubai's state-backed DP World in 2014 over its 50-year deal to operate the Doraleh Container Terminal, accusing it of bribing the head of Djibouti's port authority.

Macy's profit falls nearly 13 percent as sales drop

NEW YORK (AP) -- Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent as results were dragged down by lower sales, store closures and other costs. The profit results beat Wall Street expectations, but Macy's said it would post another year of sales declines for a key revenue measure.

Greece calls on Germany to ease budget surplus demands

ATHENS, Greece (AP) -- Greece's government is calling on Germany to drop what it described as "irrational" budget demands in Greece's bailout program. Speaking a day after Greece and its European creditors agreed to resume talks on further reforms, government spokesman Dimitris Tzanakopoulos called Tuesday on Germany to ease demands for the country to post a 3.5 percent primary surplus -- the budget balance minus debt interest costs --for a decade.

Wal-Mart keeps working to make inroads against Amazon

NEW YORK (AP) -- The nation's largest retailer keeps working to make headway against the largest online seller. Wal-Mart drew more shoppers to its namesake stores in the United States and its online sales soared 29 percent in the fourth quarter, which covers the critical holiday shopping season.