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CEO to exit from drugmaker J&J in wake of recalls

TRENTON, N.J. — Johnson & Johnson’s longtime CEO is retiring in April, in the wake of an embarrassing string of product recalls that has cost the health care giant hundreds of millions of dollars and consumer trust. The maker of Band-Aids and biotech drugs said Tuesday that Bill Weldon will remain chairman of the board […]

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Second bailout for Greece leaves citizens relieved but debt-weary

ATHENS, Greece — Greeks greeted uneasily the news that their country will receive a new bailout that will likely protect it from a messy debt default and keep it in the euro currency bloc – but cost households years of economic hardship. The initial relief created Tuesday by the 17-nation eurozone’s approval of a new […]

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Americans are keeping their new cars longer

DETROIT — Americans are keeping new and used vehicles longer because of better quality, concern about debt and economic uncertainty, according to a report released Tuesday by the Southfield, Mich., research firm R.L. Polk. Based on data collected in the third quarter of 2011, new vehicle owners kept them an average of 71.4 months, or […]