Johnson & Johnson Inc. is a few years into a restructuring of two of its main businesses, Medical Devices and Consumer. In Medical Devices, it has been aggressively shedding businesses that aren't contributing to growth, and investing to expand in its highest growth areas. Its efforts on this front seem to be paying off; during the second quarter both its Pharmaceuticals and Medical Devices businesses outperformed Wall Street expectations, even as the Consumer group continued to lag. Read More
