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Medtronic Inc.'s (MDT) fiscal fourth-quarter sales grew roughly 4%, but expenses related to employee layoffs and manufacturing consolidation caused earnings to fall 2.2%, masking the medical-devices company's improved revenue and margins.Medtronic has reduced employee headcount and taken other cost-cutting measures as it's been forced to adapt to pricing pressures and lower health-care utilization in the U.S. and Europe, while at the same time looking to increase its presence in faster-growing emerging markets like China. The company took a $172 million restructuring charge related to the elimination of about 2,000 employees. Roughly 65% of the cuts have already occurred, and were split between the U.S. and international facilities."Nearly half of the planned position reductions are related to manufacturing consolidation efforts. We also continue to reduce headcount in slow growing businesses and geographies," Chief Executive Omar Ishrak said. "These are never easy decisions but are ne...
Drug maker Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX) for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specia...
European investigators have asked top trading houses Glencore , Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are unde...
Elan will still have $1.2 billion of cash left to spend if shareholders approve its first package of acquisitions, and plans to announce more deals in the second hal...
A sharp drop that drove Anadarko Petroleum Corp.'s (APC) to a penny in the last second of trading Friday exposes a vulnerability in trading rules adopted last month ...
Adobe Systems Inc. (ADBE) is meeting opposition to its decision to end packaged versions of its Creative Suite software.Last week the maker of software for graphic a...
Treasurys extended a price drop Friday on better-than-expected consumer sentiment data, pushing bond yields higher for the third straight week.Prices fell after the ...
It was IPO Friday for the tech sector, as enthusiasm for the public debuts of Tableau Software Inc. and Marketo Inc. reached lofty levels, and Facebook Inc. managed ...
A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Fri...
Tech stocks mostly held on to gains in afternoon trading Friday, with Facebook Inc. edging upward on its one-year anniversary of going public and two other tech comp...
Oil trading is continuing as usual in the physical markets, according to oil traders, after European commissioners conducted inspections of the offices of energy gia...
Tech stocks showed strength in Friday's trading session, with several bellwethers rising and Facebook Inc. gaining ground on its one-year anniversary of becoming a p...
Treasurys traded down on Friday ahead of a University of Michigan consumer-sentiment index reading.The benchmark 10-year note (10_YEAR) yield, which moves inversely ...
European stock markets dropped on Tuesday, after climbing to multiyear highs in the prior session, with investors cautious about making any major moves before more c...
Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year on Tuesday as the world's largest home improvemen...
Among the companies with shares expected to actively trade in Tuesday's session are Home Depot Inc. (HD), Carnival Corp. (CCL) and HHGregg Inc. (HGG).Home Depot's fi...
U.K.'s benchmark stock index flirted with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Capita PLC rallying af...
U.K.'s benchmark stock index flirted with a more than 12-year high on Tuesday, with mining firms recouping parts of the prior day's losses and Capita PLC rallying af...
A Federal Reserve official has called for fundamental changes in financial markets to slow trading and allow humans more chance to compete with the ultra-fast comput...
Starbucks Corp.'s (SBUX) Seattle's Best Coffee brand--once thought doomed when its biggest retailer, Borders bookstores, closed in 2011--is working on a comeback.The...
