Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker.
The company said Friday that it will separate its segment that sells Band-Aids, Listerine and over-the-counter medicines like Tylenol from its pharmaceutical and medical device businesses.
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Stocks that traded heavily or had substantial price changes Friday:
Foot Locker Inc., up $3.95 to $58.34.
The mall-based shoe and sportswear chain reported earnings that were more than double what analysts were expecting.
Johnson & Johnson will replace Chairman and CEO Alex Gorsky with another veteran company executive starting next year.
The world’s biggest maker of health care products said late Thursday that Joaquin Duato will become CEO and a member of the company’s board of directors on January 3.