ANZ’s Profit Flat, Increases Dividend

Updated Nov. 12, 2023 5:45 pm ET SYDNEY—ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a statutory profit of 7.1 billion Australian dollars (US$4.51 billion) for the 12 months through … Read more

‘The Marvels’ Disappoints at Box Office, Showcasing Disney’s Studio Challenge

“The Marvels,” Disney’s latest superhero feature, landed with a thud at the box office only days after Chief Executive Bob Iger called for an overhaul of the entertainment company’s studio business.  A sequel to 2019’s hit “Captain Marvel” from Disney’s Marvel Studios, the new movie features an all-female trio of stars in Brie Larsen, Teyonah … Read more

Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange

A group of former FTX executives, including one who served as a key witness against Sam Bankman-Fried, are teaming up to build a new cryptocurrency exchange that aims to solve the problems that doomed their previous employer. Trek Labs, a Dubai-based startup led by the former FTX general counsel Can Sun, received a license from … Read more

Davide Renne, New Moschino Creative Director, Is Dead at 46

Davide Renne, the newly appointed creative director of Italian fashion house Moschino and longtime womenswear designer for Gucci, died on Friday. He was 46.  His death was announced by Moschino parent Aeffe in a statement. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Las Vegas Strip Workers Reach Tentative Deal With Wynn Resorts

Updated Nov. 10, 2023 10:23 am ET Las Vegas Strip casino workers and three gambling companies struck labor contract deals this week after months of negotiations, narrowly avoiding a strike ahead of the high-stakes Formula One race weekend in the city. The Culinary and Bartenders unions had set a Friday strike deadline to reach deals … Read more

EQT Plans to Take Japan’s Benesse Private in Over $1 Billion Deal

Swedish investment company EQT plans to take Japanese education services provider Benesse Holdings private in a deal valued at more than $1 billion, by teaming up with the company’s founding family. EQT said Friday that one of its funds would spend 207.95 billion ($1.37 billion) to buy Benesse shares through an tender offer as part … Read more

Frank Borman, Who Led Historic Flight Around the Moon in 1968, Dies at Age 95

Updated Nov. 9, 2023 7:49 pm ET Listen to article (1 minute) Frank Borman, an American astronaut who made history by circling the moon in 1968 and had what might have seemed like an even bumpier ride as chief executive of Eastern Airlines in the 1970s and 1980s, died Tuesday in Billings, Mont. He was … Read more

Nexon Taps Korea Unit’s Chief to Succeed Departing CEO

Updated Nov. 9, 2023 11:38 am ET Nexon Chief Executive Owen Mahoney plans to step down in March and is expected to be succeeded by Junghun Lee, the head of Nexon Korea, the video-game publisher said Thursday. Mahoney would continue to serve as representative director and CEO until Nexon’s annual meeting, at which time he … Read more

Google Antitrust Trial Exposes Deepening Rift With Microsoft  

Satya Nadella wanted to make nice with longtime rival Google when he became chief executive of Microsoft almost a decade ago. Those days now feel like a distant memory. Google’s antitrust trial in Washington, D.C., has provided a stage for Microsoft to air long-simmering grievances about the search giant’s market dominance. It also has opened a … Read more

Hollywood Actors Reach Agreement With Studios, Streamers to End Strike

Updated Nov. 9, 2023 12:41 am ET Striking Hollywood actors reached a tentative agreement with major studios and streamers Wednesday that could clear the way for the entertainment industry to restart its content factory after six months of labor strife. The Screen Actors Guild-American Federation of Television and Radio Artists said its TV and theatrical … Read more