Abbott Laboratories

FDA food safety official resigns, cites structural issues

By JONEL ALECCIAJanuary 25, 2023 GMT

The federal Food and Drug Administration's top food safety official resigned Wednesday, citing concerns about the agency's oversight structure and the infant formula crisis that led to a nationwide shortage.

Justice Department investigating Abbott baby formula plant

January 21, 2023 GMT

NEW YORK (AP) — The U.S. Justice Department is investigating the Abbott Laboratories infant formula plant in Michigan that was shut down for months last year due to contamination, the company confirmed.

Abbott: Q2 Earnings Snapshot

July 20, 2022 GMT

ABBOTT PARK, Ill. (AP) _ Abbott Laboratories (ABT) on Wednesday reported second-quarter net income of $2.02 billion.

On a per-share basis, the Abbott Park, Illinois-based company said it had net income of $1.14.

Abbott, Allstate fall; Procter & Gamble, NexTier rise

June 16, 2022 GMT

Stocks that traded heavily or had substantial price changes Thursday:

Tesla Inc., down $59.70 to $639.30.

The electric vehicle maker is reportedly raising prices on some of its models.

United Airlines, Abbott rise; Walmart, Fluor fall

May 17, 2022 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:

Walmart Inc., down $16.86 to $131.35.

The nation's largest retailer trimmed its profit forecast for the year as it grapples with surging inflation.

Abbott: Q1 Earnings Snapshot

April 20, 2022 GMT

ABBOTT PARK, Ill. (AP) _ Abbott Laboratories (ABT) on Wednesday reported first-quarter profit of $2.45 billion.

The Abbott Park, Illinois-based company said it had profit of $1.37 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.73 per share.

How major US stock indexes fared Wednesday

The Associated PressOctober 20, 2021 GMT

Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high. The benchmark index climbed 0.4% for its sixth gain in a row.

Anthem and Abbott Laboratories helped lead gains among health care stocks after turning in solid quarterly earnings reports.

Brinker, Baker Hughes fall; Anthem, Abbott Laboratories rise

October 20, 2021 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

Canadian National Railway Co., up $6.50 to $130.79.

The railroad operator beat Wall Street's third-quarter profit and revenue forecasts.

Abbott Labs cutting hundreds of jobs as testing demand drops

July 8, 2021 GMT

WESTBROOK, Maine (AP) — A company that makes COVID-19 testing kits is laying off as many as 400 workers at two locations in Maine because of a decline in demand.

About 300 Abbott Laboratories workers will be laid off in Westbrook, the mayor told WMTW-TV.

Cloudera, AMC rise; Johnson & Johnson, Abbott fall

June 1, 2021 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:

Quanta Services Inc., up $1.10 to $96.45.

The infrastructure company's Luma Energy joint venture with Canadian Utilities Limited started operating Puerto Rico's power grid.

US warns of unusual cybersecurity flaw in heart devices

By TAMI ABDOLLAH and MATTHEW PERRONEJanuary 11, 2017 GMT

WASHINGTON (AP) — The Homeland Security Department warned Tuesday about an unusual cybersecurity flaw for one manufacturer's implantable heart devices that it said could allow hackers to remotely take control of a person's defibrillator or pacemaker.