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Medtronic PLC

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  • BOSTON, Oct 22- The U.S. Department of Homeland Security is investigating about two dozen cases of suspected cybersecurity flaws in medical devices and hospital equipment that officials fear could be exploited by hackers, a senior official at the agency told Reuters. The products under review by the agency's Industrial Control Systems Cyber Emergency...

  • UPDATE 2-St. Jude Medical lowers forecast; shares fall Wednesday, 15 Oct 2014 | 1:07 PM ET

    Oct 15- Heart device maker St. Jude Medical Inc on Wednesday forecast fourth-quarter revenue below Wall Street estimates, citing soft international sales and unfavorable foreign exchange rates, and its shares fell nearly 4 percent. The maker of pacemakers, implantable defibrillators, replacement heart valves and neurological products said it expects...

  • Oct 15- Major U.S. drugmaker AbbVie Inc said on Wednesday it was reconsidering a $55 billion bid for Ireland's Shire Plc, marking a setback for "inversion" deals in which U.S. companies reincorporate abroad to cut tax costs. Steris Corp said on Monday it has offered to buy Britain's Synergy Health Plc for about $1.9 billion in a deal that would shift Steris' tax...

  • Oct 15- Heart device maker St. Jude Medical Inc forecast a quarterly revenue that fell below Wall Street estimate, and said sales growth in international markets didn't match its expectation. The maker of pacemakers, implantable defibrillators, artificial heart valves, stents and neurological products said it expects an adjusted profit of $1.02- $1.04 per...

  • Early movers: SYMC, YELP, MSFT, FDO, TSLA & more Friday, 10 Oct 2014 | 7:37 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Oct 5- Medical equipment supplier Becton Dickinson& Co has agreed to buy CareFusion Corp, a maker of infusion pumps and other medical devices, for $12.2 billion in cash and stock, marking the latest multibillion-dollar healthcare sector deal. Becton said on Sunday it would pay a total of $58.00 a share- $49.00 in cash and 0.0777 of a share of Becton Dickinson- for...

  • Your first trade for Monday Friday, 3 Oct 2014 | 5:30 PM ET

    The "Fast Money" traders share their final trades of the day.

  • NEW YORK, Oct 3- Covidien Plc and Medtronic Inc both rallied on Friday, with the names moving on heavy volume after Medtronic affirmed its commitment to buy Dublin- based Covidien. Medtronic did change the structure of the deal, saying it would use $16 billion in debt rather than cash held overseas, reacting to changes made by U.S. tax authorities to cut the benefits...

  • Oct 3- U.S. medical equipment maker Medtronic Inc said it would still buy Covidien Plc but would use $16 billion in debt rather than cash held overseas, reacting to new U.S. Medtronic stock rose 3.6 percent to $65.06, while Covidien gained 5.6 percent to $93.78. Medtronic in June announced plans to buy Ireland's Covidien for cash and stock worth $43 billion.

  • Midday Movers: Media General, Noble, Yodlee & More Friday, 3 Oct 2014 | 12:10 PM ET

    Take a look at some of Friday's midday movers.

  • Oct 3- U.S. medical equipment maker Medtronic Inc said it would still buy Covidien Plc but will use $16 billion in debt rather than cash held overseas, reacting to changes made by U.S. tax authorities to cut the benefits of such "inversion deals." Medtronic in June announced plans to buy Ireland's Covidien for cash and stock worth $43 billion. Medtronic said on Friday...

  • Medtronic up sharply  Friday, 3 Oct 2014 | 9:29 AM ET

    CNBC's David Faber reports Medtronic is changing its source of cash for its deal to buy Covidien.

  • NEW YORK, Oct 3- Salix Pharmaceuticals Ltd, citing a "changed political environment," said on Friday it had scrapped a deal with Italy's Cosmo Pharmaceuticals SpA that would have allowed it to shift its tax base from the United States to Europe. In recent months, Salix has also been pursued by Allergan Inc as the Botox maker seeks to fend off a $53 billion hostile...

  • Health care inversions in jeopardy?  Monday, 29 Sep 2014 | 3:12 PM ET

    Discussing how new government rules could impact health care inversion deals, with CNBC's Meg Tirrell and Les Funtleyder, Esquared Asset Management.

  • Will new rules curb all tax inversions? Nah Monday, 29 Sep 2014 | 7:00 AM ET
    A Burger King Whopper and French fries are shown in Tiskilwa, Ill.

    The new tax-inversion rules will trip up a lot of companies but they're not going to stop the practice, says former asst US attorney Mitchell Epner.

  • NEW YORK, Sept 26- U.S. medical device maker Medtronic Inc is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland's Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation.

  • These 3 hot health-care stocks look strong: Pro Wednesday, 24 Sep 2014 | 2:49 PM ET

    Health-care stocks still have upside, Dan Chai of Iguana Healthcare Partners says.

  • Q+A-Tax Inversions 101: A pocket guide Wednesday, 24 Sep 2014 | 11:04 AM ET

    NEW YORK, Sept 23- The Treasury department this week announced a new set of regulations to crack down on the wave of "corporate inversions," in which American companies lower their tax bill by, simply put, relocating their legal corporate addresses overseas.

  • Sept 23- Moody's Investors Service said it may review the credit implications for pending tax-inversion deals in the healthcare and pharmaceutical sector if U.S. Affected companies include Medtronic Inc, Mylan Inc, Salix Pharmaceuticals, Auxilium Pharmaceuticals and AbbVie Inc..

  • *Action may deter Pfizer from returning to bid for AstraZeneca. WASHINGTON/ NEW YORK, Sept 23- Tough new U.S. rules on corporate "inversions" on Tuesday sent a chill through the market for the tax-avoidance deals, both pending and potential, with share prices falling sharply in nearly a dozen companies on both sides of the Atlantic.