Wednesday, April 27, 2011

J&J to Buy Synthes for $21.5 Billion

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J&J to Buy Synthes for $21.5 Billion

Johnson & Johnson will acquire medical-device maker Synthes for $21.3 billion, giving the U.S. health-products giant a commanding lead in the global market for surgical devices used to treat fractures and traumatic injuries.

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BP posted a 17% increase in net profit for the first quarter, as asset sales outweighed continued costs stemming from the Deepwater Horizon oil-spill disaster last year.

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Pakistan is lobbying Afghanistan's president against building a long-term strategic partnership with the U.S., urging him instead to look to Pakistan—and its Chinese ally—for help in striking a peace deal with the Taliban and rebuilding the economy.
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