FDA Finds More Problems at Johnson & Johnson Plant

The bad news doesn’t end for Johnson & Johnson as FDA inspectors continue to find problems at the Pennsylvania plant that was the source of a massive recall of children’s medicines earlier this year.
Continue r…

Ford Expands Windstar Minivan Recall By 37,000 Units

Ford is expanding this summer’s recall of Windstar minivans to replace axles that may crack after exposure to road salt. The automaker is adding 37,000 units in the U.S. and Canada to the original 575,000 Windstars from the 199…

FedEx Earnings Miss Wall Street Estimates, Raises Outlook

Shipping company FedEx (FDX), often seen as a bellwether of the economy, reported Wednesday that net income in its fiscal 2011 second-quarter declined 18% from a year ago period, even as revenue climbed 12%. Both income and revenue missed Wall Street e…

Jobless Claims Unexpectedly Fall to 420,000

Initial jobless claims unexpectedly fell last week.

Claims fell 3,000 to 420,000 in the week ending Dec. 11, the Department of Labor said. The revised figure for the previous week was 423,000.

A survey of economists by The Wall Street Journal pre…