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.
Robert Siegel speaks with United Auto Workers president Bob King about the contract ratified by Ford workers Tuesday night — and the future of the auto business in the U.S. King says although he's used to seeing higher margins of support from the rank and file, he's satisfied that 62 percent of the Ford workers who voted approved of the contract.
ROBERT SIEGEL, host: Turkish troops are in what Prime Minister Recep Tayyip Erdogan is calling hot pursuit. They're chasing Kurdish rebels who ambushed and killed Turkish soldiers earlier today along Turkey's border with Iraq. Turkish and Iraqi media are reporting that these troops have crossed into Iraq to retaliate against the militants.
ROBERT SIEGEL, host: The agreement between Israel and Hamas, to exchange over a thousand Palestinian prisoners for the captured soldier Gilad Shalit, was brought about thanks to a couple of intermediaries. The Egyptians were involved, so were the Germans. But the agreement also depended on some back channel communications between Israelis and Palestinians in Hamas.
Middle East correspondent Patrick Martin of the Canadian newspaper the Globe and Mail has written about those communications, and he joins us now from Jerusalem. Welcome to the program.
MELISSA BLOCK, host: This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
ROBERT SIEGEL, host: And I'm Robert Siegel. Hundreds of thousands of Greeks marched in Athens today and there were some clashes between police and protesters wearing masks. It was the first day of a 48 hour general strike and it brought the entire country to a standstill. Protesters objected to yet more austerity measures demanded by Greece's international creditors.