Strong Earnings from Johnson and Johnson is one today’s biggest stories. Although sales have increased in all 3 of its units (medical devices, consumer products and pharmaceuticals), if not for the weakness of the US dollar, drug sales would have actually declined.
Revenues increased 7.7 percent in the first quarter with currency moves contributing 5.1 [...]
Sunday, April 20, 2008
Johnson and Johnson’s Earnings is Proof of Why the US Government Really Wants a Weaker Dollar
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