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Johnson & Johnson shares collapsed amid reports the US launched a criminal investigation against the company

15.07.2019 12:03:06

In relation to the American corporation Johnson & Johnson, the US Department of Justice is conducting a criminal investigation, examining the possibility of the company hiding information that the use of talcum powders could have resulted in risks of cancer. According to Bloomberg, this information led to a fall in its shares by 4% on the New York Stock Exchange on Friday. It was the worst dynamic among large companies in the consumer sector. It is not the first time when the US Department is considering the possible content of carcinogenic substances in the company's products. In December last year, its shares also collapsed, when the media reported that the company could hide information about the presence of asbestos in products containing talc. Then representatives of the company denied this information.

Latest News

31.07.2020 14:00:27

Caterpillar reports its second-quarter earnings

On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...

31.07.2020 14:00:27

Oil prices rebounds from record lows amid looming headwinds from the pandemic

Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...

30.07.2020 13:00:25

European shares trade lower after weak earnings reports

European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...

28.07.2020 15:00:26

European shares trade higher despite weak earnings report

European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...

28.07.2020 14:00:24

Intel’s Chief Engineer decides to leave the company on August 3

Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...

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