WICS ABC 20 on Facebook WICS ABC 20 Twitter WICS ABC 20 RSS Contact WICS ABC 20
Go Mobile: Text Alerts | Check out our NEW iPhone and Android apps! | Watch ABC Newschannel 20 Live @ m.wics.com

ILLINOIS NEWS

Abbott abandons plans to sell vaccines business
September 03, 2010 10:36 EDT

WASHINGTON (AP) --

Drug and medical device firm Abbott Laboratories says it has abandoned plans to sell its vaccines unit, less than three months after exploring sales talks with rival companies.

North Chicago-based Abbott acquired the unit as part of its $6.2 billion purchase of Belgium-based Solvay Pharmaceuticals in February. Company spokesman Scott Stoffell said: "We explored the option to potentially sell the business and determined it was in the best interest of Abbott and the vaccines business to retain it and integrate it into the company."

Analysts speculated that European vaccine powerhouses like GlaxoSmithKline PLC and Novartis would have been interested in the business.

64 °

Forecast

TODAY: Mostly sunny, breezy and cooler. HIGH 73.

TONIGHT: Clear and cool. LOW 49.

TOMORROW: ...

BUSINESS NEWS

Stocks rise ahead of key report

NEW YORK (AP) -- Stock prices edged higher in the latest session, ahead of today's key report on the job market.

CONSUMER INFO

Kia recalling Soul, Sorento autos for wiring fix

   WASHINGTON (AP) -- Kia Motors is recalling about 35,000 Soul and Sorento vehicles to fix wiring in the interior lighting panels that could lead to fires. ...

SCIENCE/TECH NEWS

IN THE NEWS: FACEBOOK ROLLS OUT NEW SECURITY FEATURE

NEW YORK (AP) -- Facebook has launched a new security feature.

GET THIS

WOMAN STUNS SELF

NORTH EAST, Pa. (AP) -- It's shocking!

IE6 Float Fix