"This is the Titanic." That's how former Medtronic Chairman and CEO Bill George described Obamacare. He predicted the troubled federal website won't be fixed by the end of the month.» Read More
Nov 19- Medtronic Inc reported higher quarterly earnings on Tuesday as stronger sales of its implantable devices to treat abnormal heart rhythms offset weakness in its spinal products business.
Nov 19- Medtronic Inc on Tuesday reported higher quarterly earnings that were slightly above analysts' expectations on stronger sales of its implantable devices to treat abnormal heart rhythms. Medtronic, a maker of pacemakers, insulin pumps and other medical devices, said most of its businesses were performing in line with or better than the overall market.
Nov 19- Medtronic Inc on Tuesday reported higher quarterly earnings that were slightly above analysts' expectations as sales rose across its medical device lines. Medtronic, the maker of pacemakers, spinal products, insulin pumps and other medical devices, said it earned $902 million, or 89 cents a share, in the second quarter ended Oct. 25.
Some of the names on the move ahead of the open.
Some traders are convinced the stock market is poised to move higher into the year end, and the week ahead may provide more proof of that.
*Seeking U.S. partners, cites J&J, Medtronic, St Jude, Edwards. The French company is also seeking a partner in the United States to enter the world's largest healthcare market, and is in contact with Johnson& Johnson, Medtronic, St Jude Medical and Edwards Lifesciences, Marcello Conviti said.
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WASHINGTON, Nov 5- The U.S. Supreme Court on Tuesday heard arguments in a case of warring legal doctrines raised by a heart pacemaker patent fight between giant medical devices company Medtronic Inc and privately owned Mirowski Family Ventures LLC.
*Expects 1st- quarter adj earnings $0.66/ shr vs est $0.65. Oct 30- Chipmaker Skyworks Solutions Inc forecast current-quarter results above analysts' estimates as it sells more analog chips used to connect machines to the Internet, sending its shares up 5 percent in extended trading.
Medtronic is preparing to launch the product in the United States, pending regulatory approval. Medtronic said it expects to launch the product in the United States for use in extreme-risk patients before its fiscal year ends in April 2014, noting that the U.S. Food and Drug Administration determined it has sufficient information to evaluate the device.
Take a look at some of Wednesday's midday movers:
Proposals to toughen up European Union legislation on medical devices followed a 2011 scandal involving France's now defunct Poly Implant Prothese, which for up to a decade made substandard breast implants that were used by hundreds of thousands of women worldwide.
Oct 16- St. Jude Medical posted a 49 percent jump in third-quarter profit as increased sales of devices to treat abnormal heart rhythms offset a decline in sales of pacemakers. Jude rose to $262 million, or 90 cents per share, in the three months to Sept. 28, from $176 million, or 56 cents per share, a year earlier.
Oct 8- A federal advisory panel recommended that Medtronic Inc be allowed to sell a line of implantable heart rhythm devices to a larger pool of patients, based on research showing the products lowered the risk of death and hospitalization.
Oct 8- A federal advisory panel recommended that Medtronic Inc be allowed to sell certain implantable electronic heart devices to a larger pool of patients, based on study results that showed the products reduced the risk of death and hospitalization.
Sept 30- If Congress cannot agree on a funding bill for the U.S. government by a midnight deadline, there will be far-reaching consequences for everything from National Park admissions to economic data.
A detailed look at how a tax on medical devices divided so many over the White House's Affordable Care Act.
BRUSSELS, Sept 25- European Union lawmakers backed a strict new approval system for high-tech medical devices on Wednesday, raising industry fears of added delays in getting new products to market that could dull Europe's competitive edge.
*Surprising trial results lead to rethinking of depression. *Disorder now seen as cluster of distinct conditions. LONDON, Sept 9- As Susan sits chatting to a nurse in a London clinic, a light tapping sound by her head signals that parts of her brain are being zapped by thousands of tiny electro-magnetic pulses from a machine plugged into the wall.
BOSTON, Sept 5- Thirteen people who recently underwent neurosurgery in Massachusetts and New Hampshire may have been exposed to a rare and fatal brain condition similar to "mad cow" disease in cattle because of a medical device used in both states, state officials said.