Bloomberg Verizon Communications Inc is cutting 7 percent of its media staff, part of a bid to overhaul a struggling operation that includes the former online icons AOL and Yahoo. The cuts would represent about 800 jobs at the division, which previously went by Oath. Verizon dropped that short-lived name, which was ridiculed on social media, earlier this month. Some ...

Bloomberg Filings for US unemployment benefits fell last week to the lowest level since 1969, signalling the labour market remains tight. Jobless claims declined 13,000 to 199,000 in the week ended January 19, bucking economist forecasts for an increase, Labor Department figures showed. The four-week average, a less-volatile measure, decreased to 215,000, the lowest since early November. The surprise drop ...

Bloomberg Johnson & Johnson, the world’s largest maker of health-care products, is pursuing an acquisition of Auris Health Inc in a deal that would bring it cutting-edge surgical robotics technology, people with knowledge of the matter said. J&J is seeking to purchase Auris at a premium to the valuation from its latest funding round, according to the people, who asked ...