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Miles D. White

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  • Abbott earnings tumble as costs offset better sales

    Abbott earnings tumble as costs offset better sales
    Abbott Laboratories on Wednesday said third-quarter earnings tumbled 44 percent on a tax charge that offset an uptick in sales.
  • AbbVie CEO Gonzalez loses Shire, but wins praise for gutsy move

    NEW YORK (Reuters) - (This story has been refiled from the Oct. 20 story to fix a typo in the headline) AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away...

    Close loopholes that let U.S. firms avoid taxes by using inversions

    Close loopholes that let U.S. firms avoid taxes by using inversions
    It's both endearing and infuriating to watch American corporate executives wring their hands about how the injustices of the U.S. tax code are forcing them — forcing them! — to reincorporate overseas through the procedure known as inversion....

    Abbott, AbbVie part of red-hot pharmaceutical deal market

    AbbVie Inc. appears to be on the verge of a $53.7 billion takeover that would change its corporate address to the United Kingdom. Abbott Laboratories agreed Monday to sell part of its generic drug business for $5.3 billion, structuring the sale in a way...

    Abbott beats 2Q profit forecast

    Abbott Laboratories Inc reported better-than-expected quarterly earnings on Wednesday as demand for its recently-recalled infant formulas began to recover and profit margins improved for other business segments. Sales of nutritional products, the...