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Stock Market & Financial Investment News

News Breaks
April 16, 2014
09:13 EDTABTAbbott sees accelerating sales growth in 2H14
The company expects to achieve double digit EPS growth this year despite reporting an unfavorable Exchange impact of 3% on sales in Q1. The company said it is "right on track" with the sales progression it expected in January with sales growth before exchange essentially the same as its planned forecast. Abbott expects continued momentum in Established Pharmaceuticals, particularly in Brazil and India. It sees continued in improvement in growth rate with emerging markets becoming a larger component of the business. Expects double sales growth and operating margin for Nutrition in 2H14. Comments taken from Q1 earnings conference call.
News For ABT From The Last 14 Days
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July 29, 2014
08:15 EDTABTEnzo Biochem announces August 18 as date of Markman hearing in lawsuit
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July 28, 2014
11:07 EDTABTLeerink medical devices analyst holds an analyst/industry conference call
Medical Devices Analyst Antalffy, along with MEDACorp Specialist Arie Pieter Kappetein, MD, PhD and Bernhard Meier, MD, assess EU cardiology trends on an Analyst/Industry conference call to be held on July 31 at 3 pm.
07:30 EDTABTQ1 Productions to hold a conference
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07:26 EDTABTAmerican Association for Clinical Chemistry to hold annual meeting
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06:52 EDTABTFormer official says Obama could limit inversion deals, NY Times reports
President Obama could limit tax inversion deals on his own authority, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration, according to The New York Times. A 1969 law gives the president the ability to restrict inversion deals, said Shay, who also worked in the Reagan administration, the newspaper stated. Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Alletgan (AGN). Reference Link
July 25, 2014
07:32 EDTABTAmerican Veterinary Medical Association to hold a conference
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06:30 EDTABTObama calls on Congress to end inversion deals, NY Times reports
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July 24, 2014
14:35 EDTABTObama to call for elimination of tax inversion deals, NY Times says
President Obama will call on Congress today to eliminate the tax inversion loophole, according to The New York Times. Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott’s (ABT), Medtronic's acquisition of Covidien (COV)and Valeant's (VRX) proposed takeover of Alletgan (AGN)Reference Link
July 23, 2014
10:27 EDTABTHouse Energy & Commerce Committee to hold a hearing
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06:45 EDTABTLawmakers divided on inversion deals, NY Times says
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July 18, 2014
16:47 EDTABTMarket ends week higher as earnings, M&A offset geopolitical tensions
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12:51 EDTABTKey GOP senator signals readiness for inversion deal, The Hill says
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