Abbott Laboratories (ABT) says it is recalling as many as 5M units of Similac powdered baby...

|About: Abbott Laboratories (ABT)|By:, SA News Editor

Abbott Laboratories (ABT) says it is recalling as many as 5M units of Similac powdered baby formula after products were found to be contaminated with beetle parts in two instances. The recall could cost as much as $100M in Q3 revenue losses. The FDA says the beetle parts do not pose a serious health threat.