: : Johnson & Johnson stock takes a dive after WSJ report that federal appeals court rejected talc bankruptcy case #FinanceUSA #StockMarketNEWS Shares of Johnson & Johnson JNJ took a dive in midday trading
@stockMarketNEWS Tue 31 Jan, 2023
: Johnson & Johnson stock takes a dive after WSJ report that federal appeals court rejected talc bankruptcy case #FinanceUSA #StockMarketNEWS
Shares of Johnson & Johnson JNJ took a dive in midday trading Monday, after The Wall Street Journal reported that a federal appeals court rejected the consumer products and drug maker’s move to place its talc liabilities into bankruptcy. The stock was down 2.8%, enough to pace the Dow Jones Industrial Average’s decliners. Before the WSJ report, the stock was down only about 0.1%, and had been up as much as 0.2% earlier. Monday’s WSJ report said the talc bankruptcy case was dismissed, because the appeals court said J&J’s talc unit, LTL Management LLC, wasn’t in financial distress. J&J faced about 38,000 lawsuits, over links to the company’s Baby Powder to ovarian cancer, asbestos poisoning and other illnesses, the WSJ reported. J&J’s stock has lost 6.5% over the past three months while the Dow has gained 3.2%.
Munafa USA Munafa India Munafa NSE
More posts by @stockMarketNEWS
: : AIG’s interim CFO violated confidentiality agreements, insurer says #FinanceUSA #StockMarketNEWS American International Group Inc. AIG said late Monday it ended the employment of interim Chief
@stockMarketNEWS Tue 31 Jan, 2023
: : Biden says U.S. won’t send F-16s to Ukraine #FinanceUSA #StockMarketNEWS The U.S. won’t provide F-16 fighter jets to Ukraine, President Joe Biden said Monday, amid Ukrainian lobbying for the
@stockMarketNEWS Tue 31 Jan, 2023
0 Comments
Sorted by latest first Latest Oldest Best