Swiss food giant Nestlé is looking to sell its Jenny Craig brand, just seven years after spending $600 million to buy the weight-loss company from two private-equity firms, according to a person briefed on the matter. The move follows remarks to analysts last week by Nestlé’s chief executive, Paul Bulcke, that the company planned to divest some of its underperforming businesses.
Average U.S. rates on fixed mortgages were little changed this week, staying near their lowest levels in three months. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan edged up to 4.23 percent from 4.22 percent last week. The average on the 15-year fixed loan rose to 3.31 percent from 3.29 percent.
The number of people applying for U.S. unemployment benefits jumped by 66,000 last week to a seasonally adjusted 374,000. The spike was largely because California processed a huge backlog of claims and the partial government shutdown prompted some contractors to cut jobs. The Labor Department said Thursday that the less volatile four-week average rose 20,000 to 325,000.