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Medtronic News

News on Medtronic (Ticker: MDT) continually updated from thousands of sources around the net.

Yesterday | Journal Gazette

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, Indiana

Mon Jul 28, 2014

Business Journal

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.

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Related Topix: Medtronic, Medicine, Medical Equipment, Healthcare Industry, Startups, Horizon Therapeutics, Kyphon, Food and Drug Administration, Solera Networks

Sat Jul 26, 2014

TwinCities

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, Covidien

Fri Jul 25, 2014

Business Journal

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 .

Comment?

Related Topix: Fridley, MN

Tue Jul 22, 2014

CNN

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, Opinion

Mon Jul 21, 2014

USA Today

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, US Politics, Mark Dayton, US News, US Senate, Democrat

Fri Jul 18, 2014

TwinCities

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, Fridley, MN

Wed Jul 16, 2014

Star Tribune

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, Covidien

City Pages

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.

Comment?

Related Topix: Computers

Forbes.com

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.

Comment?

Related Topix: Wedding, Travel, Europe Travel, Ireland Travel, Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry

American Thinker

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, US Politics, US News, Senator Joe Manchin, US Senate, Democrat

Sat Jul 12, 2014

Star Tribune

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Solera Networks, Salient Surgical Technologies

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.

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Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Salient Surgical Technologies, Allergan, Biotech

Business Journal

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."

Comment?

Related Topix: Medtronic, Medicine, Medical Equipment, Healthcare Industry, Startups, Horizon Therapeutics, Kyphon, Salient Surgical Technologies

Mon Jul 07, 2014

Business Journal

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.

Comment?

Related Topix: Startups, Medtronic, Medicine, Horizon Therapeutics, Medical Equipment, Kyphon, Healthcare Industry, Solera Networks, Salient Surgical Technologies

Sat Jul 05, 2014

Star Tribune

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.

Comment?

Related Topix: Medtronic, Medicine, Medical Equipment, Healthcare Industry, Startups, Horizon Therapeutics, Kyphon, Salient Surgical Technologies, Minnesota

Thu Jul 03, 2014

Freshnews

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.

Comment?

Related Topix: Medtronic, Medicine, Medical Equipment, Healthcare Industry, Startups, Horizon Therapeutics, Kyphon, Abbott Labs, Abbott Laboratories

Wed Jul 02, 2014

Sys-Con Media

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.

Comment?

Related Topix: Medicine, Insulin (generic), Humulin, Novolin, Medtronic, Diabetes, Medical Equipment, Health, Healthcare Industry, Startups, Horizon Therapeutics, Kyphon

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