According to Reuters, a senior officer of Johnson & Johnson (JNJ) has left due to apparent improper payments made in connection with the sales of medical devices.
Honda (HMC) will recall over 45,000 hybirds due to faulty voltage converters according to Reuters.
Reuters writes that Bank of America (BAC) is targetting a new credit card product to illegal aliens.
The Wall Street Journal writes that profits at banking firm UBS rose in the fourth quarter and that the company will begin a share buyback.
The Wall Street Journal reports that Home Depot (HD) is considering selling its wholesale supply business.
The Wall Street Journal reports that Well Fargo (WFC) will offer 100 trades free at its brokerage unit for accounts with over $25,000.
The Wall Street Journal writes that Viacom (VIA) unit MTV will lay off 250 workers.
The NYTimes reports that the SEC is seeking to set legal standards that would make it harder for shareholders to sue companies and executives for fraud.
The New York Times reports that a study from the New England Journal of Medicine indicates that the safety of drug coated stents from companies like Boston Scientific (BSX) is hard to assess.
The FT reports that VW is dropping prices on some models in an attempt to get market share in the US.
Barron’s writes that Bear Stearns research believes that St. Jude (STJ) is making the right decisions to increase EPS by double digites in 2007.
Douglas A. McIntyre
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