Tag Archives: Business

J&J analyst day tries to steer focus to drug business as talc baby powder comes under fire

Alex Gorsky, CEO of Johnson & Johnson Adam Jeffery | CNBC Johnson & Johnson‘s pharmaceutical business will take the spotlight Wednesday at its annual meeting with analysts as the company tries to allay investors’ concerns over its talc-based baby powder. The New Brunswick, New Jersey, based health-care conglomerate makes a wide range of products, including… Read More »

Acne Studios Takes Minority Investment | Breaking News, News & Analysis – The Business of Fashion

STOCKHOLM, Sweden — Acne Studios has sold minority stakes to China-focused investment firm IDG Capital and Hong Kong-based I.T Group, ending almost a year of speculation that the brand would be acquired by a larger rival. Acne, one of the earliest and most successful purveyors of the “Scandinavian cool” style that has since become popular… Read More »

3M picks up MModal's tech business for $1B

Dive Brief: Multinational conglomerate 3M has inked a definitive agreement to acquire the technology business of Pittsburgh-based MModal for $ 1 billion. MModal develops cloud-based, artificial intelligence-powered speech technology and clinical documentation tools aimed at improving the doctor-patient experience. Its technology business has annual revenue of about $ 200 million. MModal’s transcription, scribing and coding service… Read More »