News Highlights: Top Company News of the Day
04 January 2024 - 10:30AM
Dow Jones News
BAE to Restart Howitzer Production to Meet Rising Demand
The British defense company said it will resume making M777
Howitzer parts for the U.S. Army after the big gun's success in
Ukraine.
Next Hikes Profit Forecasts Again
Next raised its profit guidance for the fifth time in fiscal
2024 after sales in the pre-Christmas business period were better
than expected.
Labor Board Backs Fired SpaceX Employees
SpaceX is accused of violating labor law by firing several
employees involved in a letter critical of founder Elon Musk.
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.
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
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.
Xerox to Cut Workforce 15% and Overhaul Operating Model
The printer maker created a global business-services unit and
revised its leadership team.
Party City Balloon Supplier Anagram Emerges From Bankruptcy
Anagram will be owned by Neuberger Berman, Littlejohn and other
bondholders.
U.S. Auto Sales Bounced Back in 2023
Automakers could confront more difficulties this year with
industrywide sales expected to level off.
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.
(END) Dow Jones Newswires
January 04, 2024 05:15 ET (10:15 GMT)
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