J&J shares extend losses; company defends Baby Powder as safe
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(Reuters) - Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday's Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder.J&J shares had closed down 10 percent on Friday, wiping out about $40 billion from the company's market capitalisation. The company knew about the presence of small amounts of asbestos in its products as early as 1971, a Reuters examination of company memos,..