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CNN.com - Business News
Johnson & Johnson CEO Bill Weldon's painful year What started last year as a series of small drug recalls at Johnson & Johnson exploded this summer into a full-blown crisis in quality control. But for months there was nary a peep from CEO Bill Weldon. What went wrong with Gardasil There's a liquid drug that women can get injected into a layer of muscle -- three separate times over a six-month period -- that can protect them from a kind of cancer. From a scientific perspective, that's amazing. In terms of public health, it's a breakthrough. Mark Hurd lands at Oracle Mark Hurd, who abruptly resigned last month as chief executive of Hewlett-Packard, has landed at another big tech company. World markets rally, Nikkei gains 2% World markets rallied Monday, with Asian stocks logging their fourth straight session of gains. Wall Street faces an economy at a 'crossroads' Stocks started September with a bang as investors cheered a rare dose of good economic news but investors may need to buckle in for the coming week: It's a holiday-shortened week with little on the docket to set the tone. 81% rate U.S. economy as 'poor' - CNN poll A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring. Obama's economy boost - just don't call it stimulus President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus. Dollar slips on return to risk As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies. Where the jobs are now, and where they'll be next U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs. What went wrong at Burger King It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order. Goodies
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