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Monday Morning Business Update

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North-Chicago based Abbott Laboratories surprised many analysts late last week when the company announced that it would sell a significant portion of its diagnostics business to General Electric.
 
It's a deal worth more than eight billion dollar, and it comes on the heels of two large acquisitions by Abbott in 2006. CEO Miles White has made his mark by wheeling and dealing since taking the helm at Abbott in 1999.
And analysts suggest the strategy will allow the drugmaker faster profit growth.
 
Business contributor David Greising talks with us today about the deal.
 

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