Abbott Expects to Settle Marketing Probe
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From Bloomberg News
Abbott Laboratories, whose Ross Products unit makes the nutritional drink Ensure, said it would record a $622-million second-quarter charge against earnings to cover an expected settlement of civil and criminal investigations into Ross’ marketing practices. The charge would amount to 34 cents a share.
The news was released after the markets’ close. Abbott’s shares rose 46 cents, or 1%, to $44.82 on the NYSE.
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