Tag Archives: shares

J&J shares nosedive on report it knew of asbestos in Baby Powder

(Reuters) – Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion from the company’s market capitalization, with ...

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J&J shares nosedive on report company knew of asbestos in baby powder

(Reuters) – Shares of Johnson & Johnson (JNJ.N) tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January ...

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Asian shares jolted by grim Chinese data, growth risks

TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei ...

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Asian shares jolted by weak Chinese data, growth risks

TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a sharp slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. ...

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Long-time GE bear ditches negative view, shares jump

NEW YORK (Reuters) – A JP Morgan analyst who has long held a negative outlook on General Electric Co (GE.N) shares as they have tumbled upgraded his view on the conglomerate’s stock on Thursday. The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann GE shares surged after JP Morgan analyst Stephen ...

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Asian shares rally on U.S.-China trade thaw

SHANGHAI (Reuters) – Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter MSCI’s broadest index of Asia-Pacific ...

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Asian shares, sterling up on pause in Brexit, trade fears

SHANGHAI (Reuters) – Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets. FILE PHOTO: An investor sits in front of a board showing stock information at ...

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North America to weigh on Under Armour’s 2019 revenue growth, shares slide

FILE PHOTO: An Under Armour logo is seen on a running shoe on display at an store in Chicago, Illinois, U.S., October 25, 2016. REUTERS/Jim Young/File Photo (Reuters) – Under Armour Inc (UAA.N) on Wednesday forecast 2019 revenue growth and profit below analysts’ estimates, citing relatively flat sales in North America, sending its shares down as much as 11 percent. ...

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