Medtronic would pick up $25M in CEO's taxes
Medtronic CEO Omar Ishrak will receive $25 million of an estimated $63 million the company is prepared to pay high-ranking officials to offset the costs of moving it headquarters overseas.
Thursday Aug 28
Federal government sues Minnesota city for rejecting proposed Islamic center
The Abu Huraira Islamic Center planned to convert the lower level of Medtronic headquarters into a space for prayer and community gathering.
Wed Aug 27, 2014
Republicans Boehner and Camp Profit from Medtronic Tax-Driven Deal
Two top Republican lawmakers profited from a corporate tax-avoidance maneuver that the U.S. Treasury Department is seeking to curb.
Dozens of corporations leave USA during Obama admin
On Tuesday, Burger King announced that it would spend some $11 billion to buy Tim Hortons Inc., a Canadian breakfast food chain, then merge Burger King into it, thereby turning what was once a major American company into a major Canadian one.
Medtronic Spends $350M on Another European Deal
U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.
Tue Aug 26, 2014
Medtronic pays $200 million for brain-stimulation tech
Medtronic Inc. said Tuesday it had bought Sapiens Steering Brain Stimulation, a Dutch maker of a tool that can send electrical pulses deep inside the brain.
Mon Aug 25, 2014
Financial News & Daily Record
Medtronic defends tax inversion strategy
With the company facing a backlash over its strategy, Medtronic Inc. CEO Omar Ishrak last week defended its plan to merge with an Irish company and move its official headquarters overseas.
Sat Aug 23, 2014
Living on our tax dollars but fleeing them-- tax inverters AbbVie and Medtronic
It's called "inversion" -- US corporations reincorporating in countries like Britain, Ireland or the Netherlands to duck US taxes, often by merging with a European entity.
Fri Aug 22, 2014
The Business Journal
Claret Medical lands $18 million in funding for stroke product
Claret Medical, a Santa Rosa-based company that develops systems to cut the incidence of strokes during heart surgery, on Friday disclosed an $18 million round of new funds.
Irvine's Reverse Medical gets snatched up by Covidien as Medtronic merger looms
As it prepares for a merger with Medtronic Inc., medical device company Covidien has itself acquired a small California-based company to makes products to treat vascular disease.
Tue Aug 19, 2014
Medtronic Chief: Covidian Deal Good for Economy
Medtronic Inc Chief Executive Omar Ishrak defended his company's plan to acquire Dublin-based Covidien Plc in a so-called inversion deal, saying the medical device maker will be able to create more U.S. jobs while still paying substantial taxes once the transaction closes.
Medtronic (MDT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Medtronic announced its earnings results on Tuesday. The company reported $0.93 earnings per share for the quarter, beating the analysts' consensus estimate of $0.92 by $0.01, Analyst RN reports.
Mon Aug 18, 2014
Does The Medtronic Whisper Number Indicate Investor Confidence?
Medtronic has a 39% positive surprise history . The overall average post earnings price move is 'positive' when the company reports earnings.
Cognex Ships Its One Millionth Vision System
The Cognex In-SightA vision system was purchased by Medtronic, the world's largest medical technology company.
Medtronic (MDT) to Release Earnings on Tuesday
Medtronic will be posting its Q115 quarterly earnings results on Tuesday, August 19th.
Sat Aug 16, 2014
Wal-Mart's big discounts on Disney titles
U.S. Sen. Dick Durbin, D-Ill., praised Walgreens' decision not to move out of the U.S. Photo: M. Spencer Green, Associated Press That's how much Wal-Mart was discounting online pre-orders of Disney DVDs last week.
Fri Aug 15, 2014
Covidien Inversion Deal Under Scrutiny by Options Traders
Speculation Medtronic Inc. will modify its offer for Covidien Plc as sentiment worsens toward tax inversions is fueling demand for bearish options.
Thu Aug 14, 2014
Medtronic founder Bakken praises Covidien purchase
The Fridley-based device maker on Thursday sent a message signed by Bakken that praises the $43 billion deal that will move Medtronic's corporate headquarters to Ireland while maintaining its operational headquarters in Minnesota.
Mon Aug 11, 2014
Product Launch, Technical Updates, Clinical Study Results, Completion ...
Today, Analysts Review released its research reports regarding Medtronic, Inc. , Covidien plc , Johnson & Johnson , Merck & Co., Inc. and Jazz Pharmaceuticals plc .
Sun Aug 10, 2014
The New Zealand Herald
Corporate 1pc get wealthier as cash piles up
Income inequality has company - make that companies. A new wealth gap is opening among US corporations, where cash holdings are growing more concentrated as the rich get richer.