ANZ’s Profit Flat, Increases Dividend

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

Stricken Gaza Hospital Reports Deaths of Newborns as Israel, Hamas Clash Nearby

Stricken Gaza Hospital Reports Deaths of Newborns as Israel, Hamas Clash Nearby

Updated Nov. 12, 2023 3:46 pm ET Listen to article (2 minutes) Israeli troops and Hamas militants fought intense street battles Sunday around the Gaza Strip’s biggest hospital, leaving the medical facility with dwindling supplies for thousands sheltering there while a power outage led to the death of two newborns, according to doctors there. Doctors … Read more

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

‘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

How Chipotle's Founder Is Moving Beyond Burritos

How Chipotle's Founder Is Moving Beyond Burritos

Steve Ells returns to the restaurant industry with a new concept light on meat and long on automation.

Microsoft’s Chris Young on Bringing AI to Main Street

Microsoft’s Chris Young on Bringing AI to Main Street

Microsoft has spent most of this year touting the promise of artificial intelligence and how it can reshape society. The job for Chris Young, head of Microsoft’s corporate strategy, is making sure that hype turns into purchases of Microsoft’s AI tools. Young leads a hundreds-strong team that works with outside partners like Facebook parent Meta … Read more

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

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, 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

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Unit of Industrial and Commercial Bank of China remains unplugged for U.S. markets.

Las Vegas Strip Workers Reach Tentative Deal With Wynn Resorts

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

EQT Plans to Take Japan’s Benesse Private in Over  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