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 17:15 ET (22:15 GMT)