The Dow is down 0.57 percent Thursday and currently stands at 13,192.
Johnson & Johnson (NYSE:JNJ) Investment Ltd. purchases private equity Guangzhou Bioseal Biotech, which is a biopharmaceutical firm that specializes in the design, development and marketing of a porcine plasma-derived biologic product for controlling bleeding during surgery. Financials of the deal were not disclosed, but all requisite approvals by the government of China were obtained.
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The Coca-Cola Company (NYSE:KO), and other possible buyers such as and PepsiCo (NYSE:PEP), have been put off by Rockstar Energy Drink’s ‘edgy’ image, say unnamed sources in a report by the New York Post. However, the same sources say that Dr. Pepper Snapple (NYSE:DPS) is still interested and is mulling an offer for Rockstar.
AT&T, Inc. (NYSE:T) Chairman and CEO Randall Stephenson, in a Wall Street Journal article, warns that the government’s decision to disallow his company’s acquisition of Deutsche Telekom’s T-Mobile USA business will result in higher prices to consumers.
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