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Corning Stock Price Skyrockets Since Spin-Off Of Corning Labs

STOCK PRICES of Corning Incorporated have climbed since the divestiture on January 1, 1997 of Corning Clinical Laboratories and Corning Life Sciences into Quest Diagnostics Incorporated and Covance, Inc., respectively. During 1995 and 1996, few laboratory executives knew how much of a financial drag Corning Labs was to its parent company. This financial pressure led …

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