Latest Johnson & Johnson News

Asian stocks mixed as Wall Street ends 5-day winning streak

Jul. 16, 2019 11:22 PM EDT

TOKYO (AP) — Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. Japan's benchmark Nikkei 225 dipped 0.4% to 21,445.03 in morning trading. Australia's S&P/ASX 200 added 0.4% to 6,667.60. South Korea's Kospi dipped...

Markets Right Now: Stocks break a 5-day winning streak

Jul. 16, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending broadly lower on Wall Street, breaking a five-day winning streak for the S&P 500 index. Technology companies posted some of the biggest losses Tuesday. Microsoft lost 1.3%. Some banks rose after...

Johnson & Johnson 2Q profit jumps 42% despite lower sales

Jul. 16, 2019 10:59 AM EDT

Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 percent. That blew past Wall Street expectations. The maker of baby shampoo and cancer and immune...

Global shares edge up on upbeat US earnings reports

Jul. 16, 2019 8:34 AM EDT

TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France's CAC 40 was up 0.6% to 5,611, while Germany's DAX was 0.4% higher at 12,432. Britain's FTSE 100 gained 0.5% to 7,566. U.S. shares looked set...

Oklahoma AG calls company 'kingpin' in state's opioid crisis

Jul. 15, 2019 6:45 PM EDT

NORMAN, Okla. (AP) — Consumer products giant Johnson & Johnson was a "kingpin" company that helped fuel the most devastating public health crisis in Oklahoma history, the state attorney general argued Monday during the close of his case against the opioid drug manufacturer. Mike Hunter said the New...

Latest: Oklahoma prosecutor calls drugmaker opioid 'kingpin'

Jul. 15, 2019 10:29 AM EDT

NORMAN, Okla. (AP) — The Latest on Oklahoma's lawsuit against consumer products giant Johnson & Johnson and its subsidiaries over the opioid crisis (all times local): 9:25 a.m. Oklahoma Attorney General Mike Hunter has described consumer products giant Johnson & Johnson as the "kingpin" company...

Stocks climb to records on hopes for lower interest rates

Jul. 12, 2019 4:30 PM EDT

NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in drugmakers. Investors continued to...

Markets Right Now: Stocks end week of gains at record highs

Jul. 12, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a week of steady gains with more record closes for major U.S. indexes. Technology, industrial companies and retailers put up some of the biggest gains on Friday, as they have for much of the year. HP...

Closing arguments set in Oklahoma's case against drugmakers

Jul. 11, 2019 3:56 PM EDT

NORMAN, Okla. (AP) — Closing arguments are expected to begin Monday in Oklahoma's case blaming consumer products giant Johnson & Johnson and its subsidiaries for the state's opioid drug crisis. A court spokesman said Thursday that each side will be given two hours to make their arguments before...

Missouri governor signs GM tax break bill

Jul. 10, 2019 5:38 PM EDT

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson on Wednesday signed a business incentive bill aimed in part at enticing General Motors to expand in the state. The economic development package will allow GM to receive up to $50 million of tax credits over 10 years if it invests $750 million to expand a...