Things To Do In SW Florida

By YURI KAGEYAMA, Associated Press Business Writer

TOKYO (AP) — Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations.

Its chief executive, Hiroki Totoki, outlined the company’s strategy for growth Wednesday, stressing that collaboration among Sony Corp.’s various segments, like animation and music, were crucial to deliver the “kando,” or emotional engagement, that lies at the core of the company’s vision and strength.

“Building on our momentum and results to date and working with a laser-like focus to realize our long-term Creative Entertainment Vision will be at the core of our corporate strategies moving forward,” he told reporters.

Sony’s movies division has strong offerings in the pipeline, including Spider-Man films and biopics about The Beatles, while animation remains a driver of growth centered around the popular anime streaming service Crunchyroll, Totoki said. read more

Two Central Florida restaurants shut down the week of May 4-10, according to data from the Florida Department of Business and Professional Regulation.

Orange

El Pueblo Mexican Grocery at 7124 Aloma Ave. Unit C in Winter Park shut down on May 7. Inspectors found 12 violations, two of which were high priorities for roach activity and raw food not separated from ready-to-eat food. Two more inspections occurred on May 8. There were six violations on the first inspection, and the restaurant remained closed. There were four violations on the final inspection. None was a high priority. The restaurant met inspection standards.

La Hacienda Mexican Restaurant at 3090 Aloma Ave. Suite 150 in Winter Park shut down on May 8. Inspectors found 10 violations, two of which were high priorities for roach activity and raw food not separated from ready-to-eat food. Two more inspections occurred on May 9. There were 10 violations on the first of those inspections, and the restaurant remained closed. There were 10 violations on the final inspection. Authorities issued a time extension on the roach activity. The restaurant fixed the issue and met inspection standards. read more

By MICHELLE CHAPMAN, AP Business Writer

Shares of American Eagle Outfitters are tumbling Wednesday after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and summer merchandise.

American Eagle said late Tuesday that it expects first-quarter revenue to slide 5%, or more than $1 billion. Same-store sales, a key gauge of a retailer’s health, are projected to fall about 3%.

The Pittsburgh company foresees a first-quarter adjusted operating loss of about $68 million due to the inventory write-down as well as heavier spending on promotions.

The company’s stock slumped 7% early on Wednesday.

CEO and Executive Chairman Jay Schottenstein said the retailer is unhappy with its execution during the first quarter.

“Merchandising strategies did not drive the results we anticipated, leading to higher promotions and excess inventory,” Schottenstein said in a statement. “As a result, we have taken an inventory write down on spring and summer goods.” read more

TRENTON, N.J. (AP) — New Jersey’s attorney general said Tuesday chemical manufacturer 3M agreed to pay up $450 million to resolve lawsuits over natural resource contamination stemming from PFAS — commonly referred to as “forever chemicals.”

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The settlement is subject to court approval and a public comment period, Attorney General Matt Platkin’s office said. St. Paul, Minnesota-based 3M is expected to pay $285 million this year, with additional amounts payable over the next 25 years. The total amount could reach $450 million, Platkin’s office said. read more

By DIDI TANG

WASHINGTON (AP) — Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.

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An executive order Monday from President Donald Trump said the tariffs on low-value parcels originating from China and coming through the U.S. Postal Service will be lowered to 54%, down from 120%.

It also says a per-package flat rate — as an alternative to the value-based tariff — will be kept at $100, rather than being raised to $200 on June 1 as previously decreed. Packages shipped by commercial carriers are subject to the general tariff, which also has been cut. read more