abbott labs fires 1900 people in restructuring

“Abbott said fourth-quarter 2010 profits dipped 6 percent thanks in part to costs of restructuring and integrating recent acquisitions.  The company said earnings fell to $1.4 billion, of 92 cents a share in the fourth quarter last year, compared to $1.5 billion, or 98 cents a year earlier.”

http://chicagobreakingbusiness.com/2011/01/abbott-4q-profit-dips-on-restructuring-acquisitions.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s