J&J 3Q net income drops 7 percent on higher costs

Associated Press
J&J 3Q net income drops 7 percent on higher costs

FILE - In this Monday, July 16, 2012, photo, Johnson & Johnson products are displayed in Orlando, Fla. Johnson & Johnson's third-quarter profit fell 7 percent as increased research and production costs offset higher sales for its medicines and medical devices and new revenue from its biggest acquisition ever. (AP Photo/John Raoux, File)

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