Business ReporteratNew Brunswick Today|dschatz@nb.today

Dave is an award-winning business reporter who has authored over 200 articles for New Brunswick Today.

Posted inArchive

Protest Targets J&J CEO on Day of Annual Shareholders Meeting

NEW BRUNSWICK, NJ–Members of  the Mesh Awareness Movement (MAM) want Johnson & Johnson’s shareholders “to know they are investing in criminal behavior,” according to a statement.

The group, a grassroots effort to bring awareness to the harmful effects of mesh on the human body, held a rally against J&J in New Brunswick on April 27, during its annual meeting of shareholders. 

Posted inArchive

“Mesh Awareness Movement” to Protest Johnson & Johnson Shareholders Meeting

NEW BRUNSWICK, NJ—Two women who spearhead “Mesh Awareness Movement” (MAM) have been busy organizing a rally that will take place outside the Johnson & Johnson (J&J), annual shareholders meeting, on April 27, at the State Theatre.

Asked the day before the MAM rally how many women were expected to be in the Hub City and attend the “peaceful protest,” Tammy Jackson, a Kentucky resident and co-founder of the group, said: “Between everybody about 50 to 60 people.”

Posted inArchive

Pending Acquisition of Swiss Biotech Firm Offers Bright Spot For J&J

NEW BRUNSWICK, NJ–On April 18, Hub City-based corporation Johnson & Johnson (J&J) published quarterly sales numbers that were below estimates amid sluggish U.S. sales, though world-wide sales increased.

But a bright spot for J&J is the pending acquisition of Swiss biotech group Actelion Ltd., which J&J is buying for $30 billion.

Actelion was founded in 1997 and employs more than 2,000 people.  It is a biotechnology and pharmaceutical company that specializes in rare diseases.

Posted inArchive

Kmart and Sears Warn They May Not Be Able to Stay in Business

NEW BRUNSWICK, NJ–Two American paragons of retail, Sears Roebuck & Company and Kmart said historical income from operations reflected “substantial doubt” over their ability to stay in business, according to a March 22 regulatory filing.

Twelve years ago, the two titans merged to form Sears Holdings, the parent company which now finds itself in debt.

That debt has so far added up to $4.2 billion, and Sears Holdings said it doesn’t know if it can obtain the badly needed cash to meet its business obligations.