Microsoft Faces FINE and 3 Dow Movers to Watch
Johnson & Johnson (NYSE:JNJ) has posted its global sales figures for the second quarter: consumer, $3.62 billion; pharmaceutical, $6.29 billion; RisperdalConsta, $355 million; orthopaedics, $1.63 billion; cardiovascular, $504 million; medical device and diagnostics, $6.57 billion; and domestic, $7.36 billion.
Don’t Miss: Is This Tech Behemoth a Long Term Stock Buy?
J.P. Morgan Chase & Company’s (NYSE:JPM) ongoing charges resulting from The Loss could be split into two categories: those against the firm itself, and those against the traders. However, the fact that many agencies and prosecutors are investigating the matter make it more complex; a domestic-only list of the former includes the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Reserve, the Comptroller of the Currency and the Justice Department.
The Coca-Cola Company’s (NYSE:KO) volume growth in the second quarter was evenly spread throughout the world, with solid growth in crucial developed markets, which include: 4 percent in Japan, 1 percent both in North America and Germany; as well as considerably stronger growth in the key emerging markets such as 20 percent in India, 9 percent in Russia, 7 percent in China, and 6 percent in Brazil. Central and Southern Europe and Northwest Europe and Nordics saw softer volume performance, down 5 percent for the quarter, resulting from the continual economic stalling out, plus unfavorable weather conditions. As a frame of reference, sparkling beverage volume grew 2 percent worldwide, during the period, with still beverage volume rising 9 percent in both the quarter and year-to-date.
Microsoft Corporation (NASDAQ:MSFT) could be liable for a penalty of up to $7 billion, after the company admitted that it violated its browser choice agreement with European antitrust regulators, says GIGAom.
Don’t Miss: Apple’s New iPhone is SLIMMING Down.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.