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)