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Covidien PLC

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  • DUBLIN, July 25- Ireland defended its tax regime on Friday against criticism from U.S. Singling out Ireland for criticism, Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas and called on Congress to pass a bill to curb such deals, known as "inversions".

  • Final Glance: Health Care Equipment companies Thursday, 24 Jul 2014 | 6:22 PM ET

    Becton, Dickinson& Co. fell$. 12 or. 1 percent, to $118.49. Covidien fell$. 19 or. 2 percent, to $89.10. PerkinElmer rose$. 07 or. 1 percent, to $47.72.

  • Midday Glance: Health Care Equipment companies Thursday, 24 Jul 2014 | 1:23 PM ET

    Becton, Dickinson& Co. fell$. 14 or. 1 percent, to $118.47. Covidien plc fell$. 55 or. 6 percent, to $88.74. PerkinElmer rose$. 16 or. 3 percent, to $47.81.

  • Early Glance: Health Care Equipment companies Thursday, 24 Jul 2014 | 11:37 AM ET

    Becton, Dickinson& Co. fell$. 06 or. 1 percent, to $118.55. Covidien plc rose$. 11 or. 1 percent, to $89.40. PerkinElmer fell$. 01 or percent, to $47.64.

  • Final Glance: Health Care Equipment companies Tuesday, 22 Jul 2014 | 6:02 PM ET

    Becton, Dickinson& Co. rose$. 40 or. 3 percent, to $118.24. Covidien rose$. 36 or. 4 percent, to $88.89. PerkinElmer rose$. 57 or 1.2 percent, to $47.65.

  • Midday Glance: Health Care Equipment companies Tuesday, 22 Jul 2014 | 1:57 PM ET

    Becton, Dickinson& Co. rose$. 96 or. 8 percent, to $118.80. Covidien plc rose$. 67 or. 8 percent, to $89.20. PerkinElmer rose$. 69 or 1.5 percent, to $47.77.

  • Glance: Biggest corporate deals so far this year Friday, 18 Jul 2014 | 11:57 AM ET

    Abbvie Inc.' s deal to combine with Shire PLC would be the largest made so far this year, excluding assumed debt.

  • Early Glance: Health Care Equipment companies Friday, 18 Jul 2014 | 11:13 AM ET

    Becton, Dickinson& Co. fell$. 03 or percent, to $117.57. Covidien plc rose $1.00 or 1.1 percent, to $88.05. Patterson fell$. 03 or. 1 percent, to $38.65.

  • AbbVie, Shire agree on $55B combination Friday, 18 Jul 2014 | 6:43 AM ET

    The drugmaker AbbVie has reached a deal worth roughly $55 billion to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven from tax rates back home. But the new company will be controlled by shareholders of North Chicago, Illinois- based AbbVie, who will own about 75 percent of the new company's stock.

  • July 17- U.S. orthopedics company Stryker Corp on Thursday reported slightly higher second-quarter profit that was in line with Wall Street expectations and said it was always in the market for deals. In the most recent such deal in the medical device sector, Medtronic Inc last month agreed to buy Covidien for $43 billion.

  • UPDATE 2-St. Jude not keen to join inversion deal craze Wednesday, 16 Jul 2014 | 3:39 PM ET

    In the most recent such deal in the medical device sector, Medtronic Inc last month agreed to buy Covidien for $43 billion. The move will allow Medtronic to re-domicile to Ireland to take advantage of low corporate tax rates and to access cash overseas without having to pay high repatriation costs.

  • Midday Glance: Health Care Equipment companies Wednesday, 16 Jul 2014 | 2:54 PM ET

    Covidien plc fell $1.61 or 1.8 percent, to $88.89. PerkinElmer fell$. 10 or. 2 percent, to $46.08. Thermo Fisher Scientific Inc. rose $1.33 or 1.1 percent, to $119.33.

  • Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal taxes. "Congress should enact legislation immediately," Lew told a business conference in New York hosted by cable television channel CNBC.

  • Early Glance: Health Care Equipment companies Wednesday, 16 Jul 2014 | 11:11 AM ET

    Becton, Dickinson& Co. rose$. 29 or. 2 percent, to $119.32. Patterson rose$. 03 or. 1 percent, to $39.32. Varian Medical Systems Inc. rose$. 03 or percent, to $84.71.

  • US companies look overseas for tax bill relief Monday, 14 Jul 2014 | 3:05 PM ET

    Generic drugmaker Mylan Inc. said Monday it will become part of a new company organized in the Netherlands in a $5.3 billion deal to acquire some of Abbott Laboratories' generic-drugs business.

  • Midday Glance: Health Care Equipment companies Monday, 14 Jul 2014 | 1:29 PM ET

    Becton, Dickinson& Co. fell$. 36 or. 3 percent, to $119.00. Covidien plc fell$. 33 or. 4 percent, to $91.04. PerkinElmer rose$. 04 or. 1 percent, to $46.64.

  • Early Glance: Health Care Equipment companies Monday, 14 Jul 2014 | 10:47 AM ET

    Becton, Dickinson& Co. rose$. 25 or. 2 percent, to $119.61. Covidien plc fell$. 30 or. 3 percent, to $91.07. PerkinElmer rose$. 23 or. 5 percent, to $46.83.

  • FACTBOX-M&A frenzy transforming global pharma Monday, 14 Jul 2014 | 9:27 AM ET

    July 14- Several multi-billion dollar deals and bids have made 2014 a busy year for healthcare acquisitions, despite Pfizer pulling its $118 billion offer for AstraZeneca.

  • July 11- Medical device maker Covidien Plc said it recorded a pre-tax charge of about $180 million for the third quarter, related to litigation against some manufacturers of pelvic mesh products. Covidien said it was indemnifying the manufacturer on certain claims.

  • July 11- Medical device maker Covidien Plc said it recorded a pre-tax charge of about $180 million for the third quarter, related to litigation against some manufacturers of pelvic mesh products. The company's two units supplied pelvic mesh products to one of the manufacturers named in the lawsuit and is indemnifying that manufacturer on certain claims.