Summary Box: Abbott cuts work force by 2 percent (AP)
DRUG DOWNSIZING: Abbott Laboratories said Wednesday it would decimate 1,900 employees from its caregiver business as it struggles to reassert double-digit profit growth amid outlay pressures for the health care sector.
CUT AND SAVE: The cutbacks, which equal most 2 proportionality of the company's impact force, are expected to save the company $200 meg yearly in reaching years.
WALL STREET VIEW: Despite the take market challenges, Abbott posted fourth-quarter earnings of $1.30 per share, in line with Wall Street estimates. Revenue was led by the company's top-selling take Humira, an shot utilised to impact psoriasis and other inflammatory diseases.
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