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J&J shares nosedive on report it knew of asbestos in Baby Powder

Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.

Original source: http://feeds.reuters.com/~r/reuters/INhealth/~3/HhPM0qxAYf4/jj-shares-nosedive-on-report-it-knew-of-asbestos-in-baby-powder-idINKBN1OD1ZK