News Highlights: Top Company News of the Day
January 03 2024 - 4:15PM
Dow Jones News
Intel Names Justin Hotard as EVP, GM of Data-Center and AI Group
Intel appointed Justin Hotard as executive vice president and
general manager of its data-center and AI group, effective Feb.
1.
Cigna Nears Deal to Offload Medicare Business
The insurance giant is in exclusive talks to sell the unit to
Health Care Service Corp. for between $3 billion and $4
billion.
Disney Wins Backing of Key Investor in Battle With Nelson Peltz
ValueAct's deal to back Disney's slate of board nominees
bolsters the entertainment giant as it looks to defend itself in a
proxy battle with rival activist.
U.S. Auto Sales Bounced Back in 2023
Automakers could confront more difficulties this year with
industrywide sales expected to level off.
Xerox to Cut Workforce 15% and Overhaul Operating Model
The printer maker created a global business-services unit and
revised its leadership team.
China Removes Videogame Official After Planned Curbs Triggered Market Rout
Senior party regulator Feng Shixin is told to step down after
proposals spooked investors and wiped $60 billion off game-company
stocks.
Thermo Fisher Says It Has Halted Sales of DNA Technology in Tibet
Instrumentation maker Thermo Fisher Scientific said it no longer
sells certain DNA-based human-identification products in Tibet,
building on a similar sales halt to China's Xinjiang region
For Cyber Companies, Economic Turbulence in 2023 Sets Up Uncertain 2024
Instability among cybersecurity providers in the past year has
rattled security chiefs, leaving some hesitant to rely too much on
one supplier.
Airbus In Talks to Buy Atos Cybersecurity Unit
Airbus is entering due diligence to buy Atos's cybersecurity
unit BDS, with an indicative offer valuing the business at up to $2
billion including debt.
Tech's AI Hangover Might Just Be Getting Started
Technology stocks opened the year with a selloff, after
artificial-intelligence hype drove big gains ahead of actual
business growth.
(END) Dow Jones Newswires
January 03, 2024 17:00 ET (22:00 GMT)
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