Abbott Labs is splitting up. The diversified maker of medical products will become two companies: one focused on brand-name prescription drugs and the second on the other stuff, including medical devices, diagnostic tests and baby formula.
It's a big deal, and Forbes' Matt Herper explains the logic behind it: Investors aren't giving drugmakers much respect, so separating the businesses could give a lift to the future stock of the faster-growing non-drug business.
Eight times a year the Federal Reserve releases "beige book" reports about how the economy is doing. Named for the traditional color of their covers and based on reports from the central bank's 12 districts, they're largely anecdotal and full of generalizations about what businesses leaders and others are saying about current conditions.
Many of the protesters occupying Wall Street and other places say they are upset about the rising price of going to college. Tuition and other costs have been going up faster than inflation, and family incomes can't keep up. Despite public outrage about the problem, there's little sign these costs will drop anytime soon.
For as long as there's been an IQ test, there's been controversy over what it measures. Do IQ scores capture a person's intellectual capacity, which supposedly remains stable over time? Or is the Intelligent Quotient exam really an achievement test â€” similar to the S.A.T. â€” that's subject to fluctuations in scores?
The findings of a new study add evidence to the latter theory: IQ seems to be a gauge of acquired knowledge that progresses in fits and starts.
Originally published on Wed October 19, 2011 12:04 pm
USA Today parses through New York Federal Reserve's latest report (pdf) on Household Debt and Credit and finds that for the first time, this year the amount of student loans will surpass the $100 billion mark and the outstanding balance will exceed $1 trillion.
"The United States will hold a fresh round of talks with North Korea on its nuclear weapons program next week and appoint a new full-time envoy as its seeks to deepen its engagement with the reclusive regime," U.S. officials and a Washington-based foreign diplomat tell The Associated Press.
Protesters are not only occupying Lower Manhattan's Zuccotti Park; they're also occupying Twitter and other social media sites like Livestream, where visitors to the site can watch live footage from the protests.