Will the last one to leave the building please turn out the lights? Boston Scientific (BSX) will apparently ax up to 3,400 people. It appears that CEO James Tobin and his co-founders…
Douglas A. McIntyre Medtronic (MDT) got the FDA to approve its new drug-coated stent called the Endeavor. The agency did have some concerns about whether the product has long-term risks or whether it is more…
Medtronic (MDT) has decided to get into the stent business, making the little mesh tubes that keep arteries open. It is a perverse selection because Boston Scientific (BSX) and Johnson & Johnson…
Stent sales for Boston Scientific (BSX) and Johnson & Johnson (JNJ) have taken a big drop since research began to emerge that the products could cause heart problems. There have been several…
According to Reuters, Intel (INTC) received antitrust charges from a branch of the South Korean government. Reuters writes that Campbell (CPB) is seeking over $1 billion for its Godiva chocolate business. Reuters…
Boston Scientific (BSX) has been vexed by problems with its stents, one of its largest businesses. There have been several medical research reports which say that the drug coated stents that the…
Douglas A. McIntyre After reports last week that drug-coated stents posed little risk to heart patients, a new survey shows that "patients given drug-coated stents after an acute heart attack are nearly five times more…
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajZ2lVrqeb2I&refer=homeA study out fo Sweden may help the flagging fortunes of the stent businesses at Boston Scientific (BSX) and Johnsohn & Johnson (JNJ). Several pieces of research had indicated that drug-coated stents…
According to Reuters, HSBC (HBC) bought 51% of Korea Exchange Bank $6.3 billion. Reuters writes GE (GE) bought buy British oilfield services firm Sondex for $583 million. Reuters reports that oil moved…
Boston Scientific (BSX) has indicated that it will consider selling two more of its units. Wall St. has speculated that sales of the company’s key products like drug coated stents have fallen…
Douglas A. McIntyre Wal-Mart (WMT) is thinking of opening a number of high-end stores, focusing on the grocery business. According to The Wall Street Journal "one idea calls for urban convenience stores less than a…
Douglas A. McIntyre According to Reuters, Dell (DELL) will restate four years of results after an audit that lasted over a year. Reuters writes that Bear Steans (BSC) will cut 240 jobs in its sub-prime…
The current version of Boston Scientific (BSX) is a merged compeny. The former Guidant sales are the heart rhythm managment operations of the new company. Heart stent sales come from the old…
Douglas A. McIntyre Boston Scientific (BSX) had planned to take its fast-growing endosurgery group public to raise as much as $1 billion. According to The Associated Press: "The endosurgery unit has recently enjoyed strong growth,…
Douglas A. McIntyre According to Reuters, net income at Toyota (TM) rose sharply on strong US and European sales. Reuters writes that American Home Mortgage (AHM) will close today and lay-off all of its employees.…
