Dec. 17, 2010 at 2:49 p.m.
Filed under:
Government,
Health care,
Pharmaceuticals
By Reuters
The incoming chairman of the U.S. congressional committee investigating Johnson & Johnson’s recalls of consumer products Friday identified the previously unnamed third-party manufacturer behind last week’s Rolaids recall.
Rep. Darrell Issa of California, in a letter to Food and Drug Administration Commissioner Margaret Hamburg, said investigations by his staff revealed North Carolina-based Best Sweet as the company contracted by J&J to produce widely used Rolaids antacid products. Get the full story »
By Reuters
There is no evidence that politics played a role in the government seizure of a Chicago bank owned by the family of the Democratic nominee running for the U.S. Senate seat once held by President Barack Obama, a government watchdog said this week.
On April 23, bank regulators seized Broadway Bank, a community bank with $1.2 billion in assets, and the Federal Deposit Insurance Corp arranged for MB Financial Inc. to assume its deposits.
The move then became embroiled in this year’s campaign season because the bank was owned by the family of Alexi Giannoulias, the first-term Illinois state treasurer and the Democratic nominee in this year’s U.S. Senate race. Get the full story »
