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Aussie unemployment rate falls despite full-time jobs plunge

  Bloomberg Australia’s unemployment rate unexpectedly fell in January, despite a plunge in full-time jobs, underscoring the mixed picture of the country’s labor market. Jobless rate fell to 5.7% from 5.8%; economists forecast 5.8% Employment rose 13,500 from Dec versus forecast 10,000 gain Full-time jobs slumped by 44,800; part-time employment rose 58,300 Participation rate fell to 64.6% from 64.7%; economi- ...

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Apple struggles to make bigger deals, hampering strategy shifts

  Bloomberg “We are always looking at acquisitions,” Apple Inc. Chief Executive Officer Tim Cook told analysts last month. “There’s not a size that we would not do.” It’s a message he’s increasingly stressed over the past year as investors question how the world’s most valuable technology company plans to use its $246 billion cash pile to meet ambitious sales ...

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Nestle braces for slowdown as new CEO plans restructuring

  Bloomberg Nestle SA’s new Chief Executive Officer Mark Schneider said it will take years to return to the growth rates targeted by his predecessors and will consider exiting underperforming businesses if he can’t fix them. The world’s largest food company forecast revenue will increase 2 percent to 4 percent on an organic basis this year, below a long-held goal ...

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