News Highlights: Top Company News of the Day
January 03 2024 - 1:30PM
Dow Jones News
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.
Xerox to Cut Workforce by 15% Amid Transformation Plan, New Leadership Team
Xerox Holdings said it is looking to turn around the company and
is cutting its workforce by 15%.
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.
U.S. Auto Sales Bounced Back in 2023
Automakers could confront more difficulties this year with
industrywide sales expected to level off.
Tesla Faces a Higher Bar for Hype in 2024
After more than doubling in 2023, the EV maker's shares are
expensive, even relative to analyst profit forecasts that probably
need to be cut.
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.
Behind Cheap Stuff From Shein and Temu: A Hard Bargain With Suppliers
The shopping apps throw a lifeline to Chinese exporters, but it
is a trade-off.
(END) Dow Jones Newswires
January 03, 2024 13:15 ET (18:15 GMT)
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