Latest Abbott Stories

ABBOTT PARK, Ill., July 18, 2012 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the second quarter ended June 30, 2012. Diluted earnings per share, excluding specified items, were $1.23, reflecting 9.8 percent growth, exceeding Abbott's guidance range. Diluted earnings per share under Generally Accepted Accounting Principles (GAAP) were $1.08, including specified items. Excluding foreign exchange, worldwide sales increased 6.7 percent. Reported...

The employment lawyers at Blumenthal, Nordrehaug & Bhowmik challenge Abbott Laboratories in a class action complaint for allegedly misclassifying their employees as exempt from overtime pay. San Francisco, CA (PRWEB) July 16, 2012 On July 3, 2012, the employment law firm Blumenthal, Nordrehaug & Bhowmik filed a class action lawsuit against Abbott Laboratories (“Abbott”) alleging Abbott misclassified their employees working as Network Analysts and Business Analysts as exempt...

ABBOTT PARK, Ill., July 16, 2012 /PRNewswire/ -- The Abbott Fund, the foundation of the global health care company Abbott (NYSE: ABT), today announced a partnership with the U.S. Secretary of State's International Fund for Women and Girls to empower women and address critical community needs in Burma, also known as Myanmar. Over the next two years, the Abbott Fund will provide $1 million to the Secretary's International Fund for Women and Girls to support grassroots organizations...

ABBOTT PARK, Ill., July 13, 2012 /PRNewswire/ -- Abbott (NYSE: ABT) will feature new solutions to improve data management and automation at this year's American Association for Clinical Chemistry (AACC) annual meeting, July 15-19, in Los Angeles, Calif. Solutions to further enhance efficiency and workflow in today's laboratories will be the focal point of the Abbott exhibit. "Today, laboratories are facing increased testing workloads, staff shortages and budget constraints," said...

ABBOTT PARK, Ill., July 11, 2012 /PRNewswire/ -- As health care systems around the world face challenges such as labor shortages, increased regulation and budget constraints, they rely on technology to help manage the impact. To assist in addressing these challenges, today Abbott (NYSE: ABT) announced OneLab, a new, Web-based, integrated laboratory informatics solution. OneLab is a highly-configurable platform that allows labs of any size to standardize processes across...

ABBOTT PARK, Ill., July 3, 2012 /PRNewswire/ -- Abbott announced today that it has expanded its Healon® family of ophthalmic viscosurgical devices (OVDs) with the U.S. Food and Drug Administration approval of Healon EndoCoat OVD, a device intended for use as a surgical aid in cataract extraction and intraocular lens (IOL) implantation. This clear, viscous, protective gel formula is injected into a patient's eye to protect and coat the eye during surgery, reducing trauma to the...

SANTA BARBARA, Calif. and ABBOTT PARK, Ill., June 27, 2012 /PRNewswire/ -- Direct Relief International, the global health care company Abbott (NYSE: ABT) and its foundation, the Abbott Fund, today announced that they have reached a major milestone of distributing 20 million rapid HIV tests free of charge to HIV testing and counseling programs serving pregnant women and their families in 43 developing countries. Expanding HIV testing for pregnant women is an essential component in...

ABBOTT PARK, Ill., June 27, 2012 /PRNewswire/ -- Abbott (NYSE: ABT) will announce its second-quarter 2012 financial results on Wednesday, July 18, 2012, before the market opens. The announcement will be followed by a live webcast of the earnings conference call at 8 a.m. Central time (9 a.m. Eastern), and will be accessible through Abbott's Investor Relations Web site at www.abbottinvestor.com. An archived edition of the call will be available after 11 a.m. Central time. About...

ABBOTT PARK, Ill., June 26, 2012 /PRNewswire/ -- Abbott's ZonePerfect brand introduces a new line of nutrition bars, Perfectly Simple. With 10 or fewer ingredients and an excellent source of protein, the bars are free of gluten, preservatives and added coloring. Perfectly Simple by ZonePerfect is a bar built by consumers. In market research activities, consumers were given more than 50 ingredients and asked to construct their ideal nutrition bar that included 10 grams of...

Online search giant Google has been accused, by the Attorney General of Texas, of improperly withholding evidence while the company is being investigated for abusing its dominance of web search. The allegations surfaced this week as part of  Texas’ probe into Google’s business practices, now in its second year. Texas and several other states are examining whether Google stifles competition and drives up online advertising prices by manipulating its search results, reports The...