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US jobless claims fall to 4-week low

Bloomberg Filings for US unemployment benefits fell more than expected to a four-week low, as the labour market tightens further following the end of a five-week government shutdown. Jobless claims fell to 221,000 in the week that ended on March 16, beating economist forecasts for 225,000, Labor Department figures showed. The four-week average, a less-volatile measure, ticked up to 225,000 ...

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Apple dodges one import ban in Qualcomm fight, faces another

Bloomberg Qualcomm Inc. has fired multiple legal shots at Apple Inc. aiming to use patents to get an import ban on the iPhone. In separate rulings, one hit and one missed. The US International Trade Commission invalidated a Qualcomm patent for a battery-saving feature. Earlier in the day, a separate trade judge said Apple infringed a different Qualcomm patent and ...

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BT mulls deeper revamp to cut workforce by 25%

Bloomberg BT Group Plc, Britain’s dominant phone company, is considering a deeper restructuring under new Chief Executive Officer Philip Jansen that could see its 100,000-strong workforce shrink by a quarter over five years, according to people with knowledge of the matter. BT has internally discussed a target of reducing its headcount to 75,000, partly through accelerated automation of back-office processes, ...

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