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Stock Market & Financial Investment News

News Breaks
July 10, 2014
14:01 EDTABTAbbott and Fonterra to form strategic alliance for dairy farming in China
Abbott and Fonterra Co-operative Group today announced the signing of an agreement to develop a proposed dairy farm hub in China. The strategic alliance is subject to Chinese regulatory approval. Both companies will work with Chinese regulators to obtain necessary approvals through the course of the project's development. If approved, Abbott and Fonterra will form a joint venture to invest a combined $300M into the farm hub, which will contain up to five dairy farms and more than 16,000 dairy milking cattle in production, producing up to 160 million liters of milk annually. Pending regulatory approval, the first farm is expected to be completed and producing milk in the first half of 2017 and the remaining farms will commence production in 2018.
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December 12, 2014
11:19 EDTABTAbbott board increases quarterly dividend to 24c from 22c
The board of Abbott increased the company's quarterly common dividend to 24c per share from 22c per share. The cash dividend is payable Feb. 13, 2015, to shareholders of record at the close of business on Jan. 15, 2015.
December 11, 2014
05:24 EDTABTAbbott IRIDICA now available in Europe
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