President Barack Obama won’t nominate a successor to Federal Reserve Chairman Ben S. Bernanke until at least September, an administration official said, as a group of Democratic senators urged him to choose Fed Vice Chairman Janet Yellen.
Johnson & Johnson, the world’s largest maker of health-care products, agreed to pay $22.9 million to settle a lawsuit claiming it misled investors about quality-control failures that led to recalls, according to court papers.
Johnson & Johnson , the world’s biggest maker of health-care products, was cited by U.S. regulators over violations at a plant where the company suspended over-the-counter drug production earlier this year.
Johnson & Johnson , the world’s biggest health products maker, will face more scrutiny from U.S. regulators after its McNeil unit was charged with violating federal laws following multiple recalls in the past year of over-the-counter drugs such as Tylenol.
Metro-Goldwyn-Mayer Inc . held its first Chapter 11 hearing yesterday and the bankruptcy judge set aside Dec. 2 for a confirmation hearing to consider approving the reorganization plan that creditors accepted in advance.
Johnson & Johnson may have used bacteria-tainted materials in making more than 40 types of children’s pain and allergy medicines recalled last week, U.S. regulators said, prompting a congressional inquiry.