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Abbott Laboratories

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  • March 2- U.S. generic drug maker Mylan Inc is still on the prowl for more deals, after completing the multibillion-dollar acquisition of some of Abbott Laboratories' non-U.S. businesses just last week. The company forecast 2015 revenue of $9.6 billion to $10.1 billion and adjusted earnings of $4 to $4.30 per share. The company said it still expects to launch a...

  • Mylan tops 4Q profit forecasts before move overseas Monday, 2 Mar 2015 | 4:36 PM ET

    Analysts expected $1.04 per share, according to Zacks Investment Research. As part of the $5.3 billion deal, Mylan relocated to the Netherlands in a tax-reducing move called a corporate inversion, changing its name to Mylan NV from Mylan Inc. Mylan is still keeping a U.S. headquarters in Canonsburg, Pennsylvania. Mylan said it expects to report adjusted net...

  • March 2- Generic and specialty drugmaker Mylan Inc reported a rise in quarterly profit and revenue, driven mainly by strong demand for its generics in North America. Net profit attributable to the company's common shareholders rose to $189.2 million, or 47 cents per share, in the fourth quarter ended Dec. 31, from $180.2 million, or 45 cents per share, a year earlier.

  • Feb 17- Medical device maker Boston Scientific Corp on Tuesday said it has agreed to pay $600 million to Johnson& Johnson to settle a long-running lawsuit over Boston Scientific's 2005 acquisition of rival Guidant. J&J had sought more than $7 billion in damages after it lost a bidding war to Boston Scientific following an initial deal to buy Guidant for $21.5...

  • *Wave of inversion deals had many causes, experts say. *Earnings stripping, foreign profits seen as key. WASHINGTON, Feb 9- When a series of big U.S. companies last year moved to reincorporate abroad in inversion deals, some Republican lawmakers and tax policy critics blamed the high U.S. corporate tax rate.

  • Feb 2- Mylan Inc said it would buy Indian drugmaker Famy Care Ltd's female health businesses for about $750 million in cash and $50 million in contingent payments to expand its line of women's health products. Monday's announcement marks Mylan's second deal with an Indian drugmaker after it bought Bangalore- based Strides Arcolab's injectable drugs unit for...

  • Jan 30- U.S. drugmaker AbbVie Inc's revenue beat analysts' estimates for the fourth straight quarter as sales of arthritis drug Humira jumped nearly 11 percent. Excluding the charge and other special items, AbbVie earned 89 cents per share. Sales of Humira, which AbbVie inherited from Abbott Laboratories in 2013, rose to $3.36 billion in the fourth quarter ended...

  • Abbott CEO losing no sleep over stronger dollar Thursday, 29 Jan 2015 | 3:15 PM ET

    Jan 29- Abbott Laboratories' chief executive officer is not worried about the stronger dollar, telling analysts on Thursday his company will better withstand its painful effects than rivals due to its European factories and growing sales of nutritional products, medical diagnostics and medical optics. Half of its sales are in emerging markets, like China and...

  • Jan 29- Abbott Laboratories forecast full-year profit largely in line with analysts' estimates even as other large drugmakers have warned of a stronger dollar hurting their results. The company, which received more than 70 percent of revenue from outside the United States, said it expects 2015 earnings of $2.10- $2.20 per share, compared with the average...

  • Abbott Labs profit beats Street estimates Thursday, 29 Jan 2015 | 7:59 AM ET

    Jan 29- Abbott Laboratories reported a better-than-expected quarterly profit, helped by re-introduction in China and Vietnam of pediatric milk formula brands. The company's net earnings rose to $905 million, or 59 cents per share, in the fourth quarter from $589 million, or 37 cents per share, a year earlier. Excluding special items, Abbott earned 71 cents per...

  • Defendants in California and Massachusetts have sought to take advantage of a December ruling from the 2nd U.S. Circuit Court of Appeals in New York that narrowed the definition of insider trading, making it harder for prosecutors to pursue their cases. The challenges raise the possibility that the 2nd Circuit decision, legally binding only in New York,...

  • NEW YORK, Jan 21- For more than eight years, Johnson& Johnson has pursued billions of dollars in damages against Boston Scientific Corp after the latter won a controversial- and ultimately ill-fated- bidding war for device maker Guidant. J&J is seeking more than $7.2 billion in damages and interest from Boston Scientific as Guidant's successor, an amount that one...

  • How to play the third-quarter GDP beat Tuesday, 23 Dec 2014 | 12:32 PM ET
    Traders on the floor of the New York Stock Exchange, December 1, 2014.

    Investors can find value in blue-chip health-care stocks and old-world tech names, and should stick to U.S. equities, Chad Morganlander said.

  • Early Movers: WAG, GMCR, CHK, JPM & more Tuesday, 23 Dec 2014 | 8:08 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Dec 22- The U.S. Justice Department has filed a complaint against Omnicare Inc, alleging that the largest U.S. provider of pharmacy services to the elderly received millions of dollars in kickbacks from Abbott Laboratories. Omnicare received the kickbacks for recommending Abbott's prescription drug, Depakote, for epilepsy in dementia patients in nursing...

  • NEW YORK/ SANTIAGO- A former board member of Chile's CFR Pharmaceuticals SA was charged on Monday by U.S. regulators with insider trading on information regarding Abbott Laboratories' $2.9 billion acquisition of CFR earlier this year. Hurtado earned nearly $500,000 in profits, according to the SEC. According to the SEC, Bilbao first learned of Abbott's...

  • Midday Movers: Exxon Mobil, Morgan Stanley & more Friday, 12 Dec 2014 | 1:02 PM ET

    Some of Friday's midday movers:

  • Your first trade for Wednesday Tuesday, 2 Dec 2014 | 6:36 PM ET

    The "Fast Money" traders give their final trades of the day.

  • SHANGHAI/ LONDON, Dec 3- Chinese infant formula giant Beingmate prints Irish clovers on its flagship product as it seeks to assure Chinese parents of its European sourcing after a safety scare involving the world's biggest milk powder exporter New Zealand. Though the scare turned out to be false, it prompted formula firms to reduce supplies from New Zealand and...

  • FACTBOX-Recent tax inversion proposals Tuesday, 25 Nov 2014 | 1:19 PM ET

    Medical technology company Medtronic Inc said on Nov. 18 that its plan to acquire and adopt the tax domicile of Ireland's Covidien Plc was on track to close in 2015.. High-tech manufacturer Applied Materials Inc plans to buy Japanese rival Tokyo Electron Ltd and reincorporate in the Netherlands. Burger King Worldwide Inc plans to acquire Canadian coffee and...