New I2 Technologies CEO

I2 Technologies Inc. promoted President Greg Brady to succeed Chief Executive Sanjiv Sidhu after the Internet software maker forecast losses for its next two fiscal quarters and cut jobs because it failed to control costs. Sidhu, 43, will continue as chairman and devote more time to working with customers, which use I2’s software to link their businesses with parts suppliers on the Web. I2 shares rose $2.26 to close at $20.03. on Nasdaq.