Johnson & Johnson

Bank Of America Records Profit; Johnson & Johnson Settles Texas Lawsuit

Bank of America Bank of America is back to basics — slenderized, stripped of its swagger and no more the largest banking institution in the nation.

Texas and a division of health care giant Johnson & Johnson reached a $158 million settlement in a Medicaid scam claim, granting the drug manufacturer to pay a fraction of the prospective $1 billion in penalizations and fines, which state functionaries had firstly sought.

President Barack Obama's verdict to provisionally barricade a pipeline from Alberta to Texas went over severely in Canada, but Canadian functionaries are confident it finally will get sanctioned.

Google announced that net profit during the fourth quarter of 2011 climbed to $2.7 billion as against $2.5 billion the year before as income zoomed 25% to $10.6 billion

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