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Abbott Laboratories

A collection of news and information related to Abbott Laboratories published by this site and its partners.

Top Abbott Laboratories Articles

Displaying items 25-36
  • AbbVie-Shire deal puts more pressure on Congress to overhaul tax code

    AbbVie-Shire deal puts more pressure on Congress to overhaul tax code
    A massive pharmaceutical merger that will send the headquarters of a major U.S. drug maker overseas ramps up pressure on Congress to curtail the ability of companies to shelter foreign earnings. Illinois drug maker AbbVie Inc. said Friday that it...
  • AbbVie to buy Shire in $55-billion deal that slashes tax rate

    AbbVie to buy Shire in $55-billion deal that slashes tax rate
    Illinois drug maker AbbVie Inc. said Friday it would buy European rival Shire for $55 billion and reincorporate in Britain, allowing the company to slash its tax rate in the latest move by an American firm to shelter its foreign earnings. The deal...
  • AbbVie to Buy Shire for $54.8 billion in biggest inversion

    AbbVie to Buy Shire for $54.8 billion in biggest inversion
    AbbVie Inc. is buying Shire for nearly $55 billion, the largest deal in a year filled with merger and acquisition activity, and the latest example of companies taking foreign addresses to cut taxes. The deal will allow North Chicago-based pharmaceutical...
  • AbbVie to buy drugmaker Shire in nearly $55 billion deal

    AbbVie to buy drugmaker Shire in nearly $55 billion deal
    AbbVie Inc. has inked a nearly $55 billion deal to acquire drugmaker Shire PLC, the companies announced in a joint statement Friday morning. The deal, the largest of a year filled with merger and acquisition activity, will allow the North Chicago-...
  • The day ahead in business

    The day ahead in business
    Reports: June inducsrial proaction and capacity utilization, June PPI, NAHB housing market index for July, weekly mortgage applications Local earnings: Abbott Laboratories, Northern Trust Corp., RLI Corp. Other earnings: AMR Corp., Bank of America, eBay...
  • Abbott beats 2Q profit forecast

    Abbott beats 2Q profit forecast
    Abbott Laboratories Inc reported better-than-expected quarterly earnings on Wednesday as demand for its recently-recalled infant formulas began to recover and profit margins improved for other business segments. Sales of nutritional products, the...
  • Lew calls for 'economic patriotism,' seeks to limit offshore tax moves

    Lew calls for 'economic patriotism,' seeks to limit offshore tax moves
    Calling for "a new sense of economic patriotism," a top Obama administration official urged Congress to take immediate action to stop U.S. companies from reorganizing as foreign firms to avoid paying taxes. The maneuver, known as tax inversion, serves...
  • Walgreen tax move would make U.S. examine system

     Walgreen tax move would make U.S. examine system
    If Walgreen Co. does choose to move its headquarters overseas to the United Kingdom or Switzerland, it should go all-out. Forget the whole friendly neighborhood pharmacy thing, and become America's chemist. If the company headquarters winds up in the...
  • Robert Depke, Lake County politician, dies at 84

     Robert Depke, Lake County politician, dies at 84
    Robert W. Depke, a major political player who twice served as chairman of the Lake County Board, was nicknamed "Bulldozer Bob" for his pro-development initiatives. But it was his role in the 1990s in helping to stop the closing and perhaps razing of...
  • Abbott Labs to build dairy farms in China

    Abbott Labs to build dairy farms in China
    Abbott Laboratories is getting into the dairy farming business. The Lake County medical products giant said Thursday it has partnered with New Zealand-based Fonterra Co-Operative Group Ltd. to develop up to five diary farms with more than 16,000 dairy...
  • Abbott to sell portion of generic drug business for $5.3 billion

    Abbott Laboratories has agreed to sell its branded generic drug business in developed countries to Mylan Inc. in a deal valued at $5.3 billion. The deal, announced Monday, allows the Chicago-area firm to shed its branded generic drug operations in...
  • 33 Illinois companies make Fortune 500 list

    33 Illinois companies make Fortune 500 list
    Thirty-three Illinois companies made the 2014 Fortune 500 list, Fortune magazine’s annual ranking of the top 500 corporations by gross revenue after adjustments and excise taxes. The figure is up from 32 companies that landed on the 2013 list...