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Shareholders are taking action on their own: yanking money from any company showing even a hint of trouble. The latest black-and-blue chip? The respected drug giant Johnson & Johnson, whose stock fell 16% following a report that the company was under investigation by the Food and Drug Administration and the Justice Department over alleged manufacturing improprieties in Puerto Rico. The company denied any wrongdoing, but the market did not care. J&J's drop contributed 55 points to the Dow's Friday freak-out, and the company joins Merck & Co. and Bristol-Myers Squibb (which face sales-accounting questions...

Author: /time Magazine | Title: Wall Street's Verdict | 7/29/2002 | See Source »

...picture of Mao Zedong by his bedside, and he still goes about his business in a frayed Mao jacket. But when asked if he recognizes the name of Hu Jintao, China's future President, Shao goes blank. Furrowing his brow and considering the question again, he asks for a hint: "Is this Mr. Hu that famous actor from America? You know, the one with all those big muscles...

Author: /time Magazine | Title: The Emperor Is Far Away | 7/29/2002 | See Source »

...first hint that all was not well came late in 1999, when the monitoring board detected an unexpected increase in the risk of blood clots and heart attacks in women on combination-hormone therapy. Although the absolute risk was small, it came as a shock. Most doctors believed that hormone replacement offered protection against cardiovascular disease. Investigators informed participants and their doctors of their findings early in 2000 but decided to continue the study to see if the negative effect persisted. Perhaps, they reasoned, it takes longer for cardiovascular benefits to appear...

Author: /time Magazine | Title: The Truth About Hormones | 7/22/2002 | See Source »

...restores melodrama to its Greek-tragedy and Italian-opera roots: melody-drama, in which emotions too deep to be spoken must be sung. Imagine Julia Roberts in Erin Brockovich dancing around the utility company's lawyers while lip-synching a tune sung by Faith Hill, and you have a hint of the divine delirium that is Bollywood...

Author: /time Magazine | Title: Going Bollywood | 7/22/2002 | See Source »

...restores melodrama to its Greek-tragedy and Italian-opera roots: melody-drama, in which emotions too deep to be spoken must be sung. Imagine Julia Roberts in Erin Brockovich dancing around the utility company's lawyers while lip-synching a tune sung by Faith Hill, and you have a hint of the divine delirium that is Bollywood...

Author: /time Magazine | Title: Going Bollywood | 7/15/2002 | See Source »

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