Lilly has aversion to inversion
It's not just American tourists heading overseas these days. Increasingly, U.S. corporations are turning to "tax inversions" to move abroad and avoid high corporate tax rates.
Mon Jul 28, 2014
FDA approves new Medtronic device
Medtronic Inc. has received approval from the U.S. Food and Drug Administration to market the Prestige LP Cervical Disc System.
Sat Jul 26, 2014
Medtronic's Covidien deal would mean tax hit for long-term investors
The 84-year-old Eagan resident said she admires Medtronic co-founder Earl Bakken, and has benefited financially from considerable growth in the stock's value since the late 1970s.
Fri Jul 25, 2014
Medtronic CEO on Covidien deal, MN jobs and more
The Obama administration is pressuring Congress to ban so-called tax-inversion deals like Medtronic Inc.'s $43 billion acquisition of Covidien .
Tue Jul 22, 2014
Opinion: Corporations skip tax with overseas maneuver
One can hardly read the news these days without learning that yet another American corporation has announced plans to invert, which is corporate-speak for restructuring as a foreign company to avoid U.S. taxes.
Mon Jul 21, 2014
Tax inversions allow firms to avoid state taxes
American companies that merge with foreign competitors to lower their federal taxes also cut their state taxes, leaving states to mostly watch helplessly as their tax revenue drains away.
Fri Jul 18, 2014
Medtronic shareholder sues over merger tax hit
A shareholder's lawsuit against Fridley-based Medtronic contends that the proposed acquisition of Ireland-based Covidien will wrongly force long-time investors to suffer a near-term tax hit.
Wed Jul 16, 2014
White House poses new hurdle for Medtronic-Covidien deal
Treasury Secretary Jack Lew this week urged the finance committees of both chambers of Congress to push legislation that restricts the ability of U.S. corporations to move their headquarters abroad to lower their tax bills.
Resurgent medical technology, computer science boosting STEM wages in MN
We know the Minneapolis-St. Paul Metro area's economy is doing reasonably well. Unemployment keeps going down.
Mylan Joins Stampede For Foreign Deals, Headquarters, Tax Savings
Go foreign, young man. If Horace Greely could update his iconic line, it would not be to go west, but to do inversions.
Company run by daughter of Dem senator moves to Europe to escape US corporate tax
US taxation of corporate profits is the highest in the world, and hobbles American companies competing on world markets, thereby costing American jobs.
Sat Jul 12, 2014
Schafer: Medtronic follows tax trail pioneered by Tyco
Had it not been for a notorious American executive named L. Dennis Kozlowski, the merger deal that would move Medtronic 's headquarters to Ireland might not be happening.
Thu Jul 10, 2014
Medical Device/Diagnostic Ind.
5 of the Best Performing Medtech Firms of 2014
During the first half of 2014, several of the medical device companies with the greatest stock price gains were M&A targets.
GE Healthcare shuffles Milwaukee-area execs after Medtronic hirings
Steve Gray led the GE Healthcare CT business as it spent hundreds of millions of dollars developing a next-generation computed tomography unit that the company calls "Revolution."
Mon Jul 07, 2014
Medtronic discloses Minnesota job cuts
The eliminated positions are in Fridley, the headquarters for its corporate functions and neuromodulation business, and in Mounds View, where its cardiac rhythm disease management and structural heart divisions are based.
Sat Jul 05, 2014
Medtronic deal could sting for long-time shareholders
Bloomington retiree Jim Furber considers Medtronic Inc. a great asset to the state and says he's thankful for the company's growth and stock appreciation over the years.
Thu Jul 03, 2014
The Zacks Analyst Blog Highlights: Abbott Laboratories, Medtronic,...
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Wed Jul 02, 2014
People With Type 2 Diabetes Achieve Superior Outcomes With Insulin...
As an example of its commitment to improving clinical outcomes for all people with diabetes, Medtronic, Inc. today announced the results of the global OpT2mise trial, which included eight participating centres in Canada.