Laboratory Corporation of America officials last week slashed the firm’s revenue expectations for the year by around three percentage points after noting that the volatile US economy has trickled down to patients and curbed their ability to pay for tests.
In discussing its second-quarter earnings with investors, the company said it now expects 2008 revenue to grow to between $4.5 billion and $4.6 billion, or to between 10.3 percent and 11.3 percent more than the $4.07 billion recorded in 2007.

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A fire at a Manchester hospital may have destroyed lab equipment and data, the Guardian reports.

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