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Good Morning you are watching The Financial News Network on FNNO.com, I'm Geoffrey Parrish and here is what's in the news today, September 19th, 2012. The Wall Street Journal reports that The Bank of Japan decided on strong steps to further ease its monetary policy today following recent easing action by the Fed, as the central bank looks to tackle entrenched deflation, the strong yen, and slowing global growth. Additionally, Research that suggests prescription drugs are as good or better at preventing strokes than interventional procedures is prompting a range of leading doctors to recommend against carotid surgery and carotid stent implants in most patients who haven't had stroke symptoms. The shift has broad implications for large medical-device makers (ABT, BSX, JNJ, COV). REUTERS reports that Anschutz Co. said it wants to sell its sports and entertainment unit in a potential multi-billion dollar sale. Potential buyers could include Liberty Media Corp. (LMCA) and News Corp. (NWSA). Reuters also reports that American Airlines (AAMRQ) said it notified over 11,000 workers they could lose their jobs as part of its bankruptcy reorganization, and that it was reducing flights 1% to 2% for the rest of September and October.According to BLOOMBERGthis morning, Richmond Fed President Jeffrey Lacker said the shock from the credit crisis may impede efforts by the central bank to quickly bring down unemployment even with the use of record stimulus.And finally Johnson & Johnson (JNJ) is setting up four centers around the world to look for early-stage acquisitions, partnerships and investment opportunities, Bloomberg reports.
|Whats in the News Today, September 19th, 2012|
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