Wintrust Business Minute: Abbott Laboratories to launch $7 billion stock buyback program

Wintrust Business Lunch

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Abbott Laboratories is launching a $7 billion stock buyback program. The North Chicago-based company made the announcement as it reported 3rd quarter earnings. The stock buyback was approved earlier this month by Abbott’s board of directors. The company says sales rose 5% year over year to more than $10 billion. Abbott says strong demand for medical devices fueled its sales growth, especially devices used by diabetes patients.

Also, fashion store H&M is set to open its newest store in Chicago, at 679 N. Michigan. Listen for more below:

https://serve.castfire.com/audio/6992627/6992627_2024-10-16-194227.64kmono.mp3

Recent Posts

Wintrust Business Lunch

U of I plans to build in proposed site of ‘The 78’

.cls-4{fill:#000;}

Market rally, Magnifico Coffee, Spearhead Hospitality

.cls-7{fill:#fff;fill-rule:evenodd}

Click-to-cancel, presidential sweets, Japan trade

.cls-7{fill:#fff;fill-rule:evenodd}

Medline to partner with Microsoft for new A.I. tool

.cls-4{fill:#000;}

Terry Savage: What to know about Medicare changes

.cls-7{fill:#fff;fill-rule:evenodd}

Click for more