Budget Deal Brings Good News For Medical Device CompaniesA brewing federal budget deal brings good news for Minnesota's medical device companies.
Lake Mtka. Community Grasps For Answers After Family Murder-SuicideIt has been a week since police discovered a gruesome scene in Greenwood -- five members of a family dead. South Lake Minnetonka Police say Brian Short shot and killed his wife and their three kids with a shotgun before killing himself last week.
Medtronic Gets Approval For MRI-Safe Heart ImplantMedtronic said Monday that it was cleared to market a heart defibrillator implant that can be safely used in an MRI scanner. Medtronic's Evera SureScan is designated "MR conditional," which means having an MRI with one is not known to pose a hazard to patients.
Medtronic, Vikings Announce 10-Year Partnership For Stadium PlazaMedtronic and the Minnesota Vikings announced Monday a 10-year partnership that includes a plaza for football fans near U.S. Bank Stadium. Officials said Medtronic Plaza will be a three-acre gateway between downtown Minneapolis and the new home of the Vikings.
Minnesota Tops List Of Fastest-Growing Tech StatesA new list says that the Land of 10,000 Lakes is adding technology jobs faster than any other state.
FDA Moves To Halt Medtronic's Production Of Drug PumpThe Food and Drug Administration has filed a court order against medical device giant Medtronic over repeated problems with its implantable drug pumps that went uncorrected for years.
Medical Device Maker Settles Lawsuit For $4.4 MillionMedtronic has agreed to pay $4.4 million to settle a lawsuit filed by the federal government accusing the company of selling medical devices made in China and Malaysia to the U.S. military.
Medtronic Settles Off-Label Promotion AllegationsMedical device maker Medtronic will pay $2.8 million to the U.S. Justice Department to settle allegations that it paid doctors to push an unapproved use of one of its products.
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Medtronic Meets 2Q Profit ForecastsMedtronic Inc. on Tuesday reported earnings of $828 million in its fiscal second quarter. The Minneapolis-based company said it had profit of 83 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 96 cents per share.
Overseas Deal Rules Alter Medtronic AcquisitionNew government rules aimed at curbing overseas deals that cut corporate taxes appear to be working, just not entirely the way regulators intended. Minneapolis-based medical device maker Medtronic Inc., reacted to regulations announced last month by saying it will borrow money to pay for part of its nearly $43 billion acquisition of Ireland-based competitor Covidien Plc instead of using cash from Medtronic's foreign subsidiaries. Medtronic still expects to close its deal later this year or early next year.