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

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

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

Mark Zuckerberg Undergoes Surgery for Knee Injury

Meta Platforms Chief Executive Mark Zuckerberg said Friday he underwent surgery due to a knee injury sustained while training in mixed martial arts. Zuckerberg has spoken often about his passion for MMA and said in an Instagram post that he was training for a competitive fight early next year and that he intends to continue … Read more

His Job Was to Make Instagram Safe for Teens. His 14-Year-Old Showed Him What the App Was Really Like.

Listen to article (2 minutes) In the fall of 2021 a consultant named Arturo Bejar sent Meta Platforms Chief Executive Mark Zuckerberg an unusual note. “I wanted to bring to your attention what l believe is a critical gap in how we as a company approach harm, and how the people we serve experience it,” … Read more

BlackBerry Taps Richard Lynch as Interim CEO

BlackBerry named board member Richard Lynch as interim chief executive officer after current CEO John Chen retires Nov. 4. The Waterloo, Ontario-based cybersecurity company said that Chen’s resignation follows the conclusion of the Project Imperium evaluation, a review of its business which led the company to decide to split into two separate units. Copyright ©2023 … Read more

Morgan Stanley Names Ted Pick as Next Chief Executive

Updated Oct. 25, 2023 7:26 pm ET Morgan Stanley said Wednesday that it named Ted Pick as its next chief executive to succeed longtime CEO James Gorman, ushering in a new era for the Wall Street powerhouse. Pick, who leads Morgan Stanley’s investment-banking and trading operations, was one of three finalists selected as possible successors … Read more