Beijing / Bloomberg Walt Disney Co. said it’s prepared to take action to protect its intellectual property rights after performers dressed as Snow White and Captain America were sighted at Dalian Wanda Group Co.’s new theme park and entertainment complex in China. “We vigorously protect our intellectual property and will take action to address infringement,” the company said in ...

  Philippines / Bloomberg San Miguel Corp. President Ramon Ang gave up his telecom ambitions by agreeing to a $1.5 billion deal that raises money for his energy, infrastructure and other businesses’ expansion. Philippine Long Distance Telephone Co. and Globe Telecom Inc. acquired the telecommunications business of San Miguel Corp. for about 70 billion pesos ($1.5 billion), including debt, according ...

  Shanghai / Bloomberg China’s slowing economy isn’t putting the brakes on tourism. Shanghai Disneyland attracted almost 1 million visitors to its public areas weeks before the $5.5 billion theme park officially opens June 16. And tourism spending is likely to triple by 2020 after industry investment jumped 42 percent last year, the government says. “The Chinese consumer is spending ...