Medtronic looking for acquisitions abroad
Medtronic Inc., the world’s largest maker of heart-rhythm devices, is looking for acquisitions abroad and has about $2 billion a year to spend, Chief Executive Officer Omar Ishrak said.
View ArticleMedtronic pacemakers offset defibrillator sales
Medtronic Inc., the world’s biggest maker of heart-rhythm devices, said fiscal third-quarter profit increased 1.2 percent as rising global demand for pacemakers eased a slump in sales of defibrillators...
View ArticleMedtronic to trim 1,000 jobs, 250 locally
Medtronic Inc.’s fourth-quarter earnings jumped 28 percent with revenue topping analyst expectations and a gain from a business sale boosting the medical device maker’s bottom line.
View ArticleMedtronic 2Q profit falls on litigation costs
Medtronic Inc., the world’s biggest maker of heart-rhythm devices, said second-quarter profit fell 26 percent on legal costs related to a patent dispute.
View ArticleDems support delay in medical-device tax
Medical-device companies opposed to $29 billion in new U.S. taxes set to take effect Jan. 1 gained support from Senate Democrats seeking to delay implementation.
View ArticleExternal defibrillators face tougher rules
External defibrillators, devices that shock hearts back into normal rhythms, will face tougher U.S. regulations under a proposal designed to cut down on the number of malfunctions.
View ArticleMedtronic makes health reform bet with Cardiocom acquisition
Medtronic on Monday announced its $200 million acquisition of Cardiocom, a Chanhassen-based company that has proprietary hardware and software to monitor people’s health in their own homes.
View ArticleMerger yields tax benefit for Medtronic
The device maker says it will maintain operations in Minnesota.
View ArticleJust Sold: Church pays $2.3M for former Medtronic building
Roseville-based Substance Church closed July 31 on the cash deal to buy the 100,514-square-foot building and 6.2-acre campus in Spring Lake Park.
View Article10 things to know about corporate inversions
WASHINGTON — Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country by merging with Tim Hortons, the Canadian coffee-and-doughnut chain. The transaction is...
View ArticleMedtronic to pay CEO’s tax bill for Covidien deal
Medtronic Inc. plans to pick up a $25 million tax bill for Chief Executive Officer Omar Ishrak, the cost of a special penalty imposed by Congress on executives who shift their company’s tax domiciles...
View ArticleMedtronic meets 2Q profit forecasts
The Fridley-based company said it had profit of 83 cents per share, meeting Wall Street expectations.
View Article‘Unpatriotic loophole’ targeted by Obama costs U.S. $2B
U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations.
View ArticleMedtronic’s quarterly profit rises on new heart device sales
Excluding one-time items, earnings were $1.01 a share in the fiscal third quarter, which ended Jan. 23, which topped the 97-cent average of 16 analyst estimates compiled by Bloomberg.
View ArticlePlymouth on the hunt for economic development pro
The city is virtually out of vacant land, forcing a fresh approach to boosting business.
View ArticleExternal defibrillators face tougher rules
External defibrillators, devices that shock hearts back into normal rhythms, will face tougher U.S. regulations under a proposal designed to cut down on the number of malfunctions.
View ArticleMedtronic makes health reform bet with Cardiocom acquisition
Medtronic on Monday announced its $200 million acquisition of Cardiocom, a Chanhassen-based company that has proprietary hardware and software to monitor people’s health in their own homes.
View ArticleMerger yields tax benefit for Medtronic
The device maker says it will maintain operations in Minnesota.
View ArticleJust Sold: Church pays $2.3M for former Medtronic building
Roseville-based Substance Church closed July 31 on the cash deal to buy the 100,514-square-foot building and 6.2-acre campus in Spring Lake Park.
View Article10 things to know about corporate inversions
WASHINGTON — Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country by merging with Tim Hortons, the Canadian coffee-and-doughnut chain. The transaction is...
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