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Home » MassDevice.com +3 | Medtronic owes $958M according to IRS, Philips moves jobs to Ohio and Ortho stocks jump on bright prelims for Biomet

MassDevice.com +3 | Medtronic owes $958M according to IRS, Philips moves jobs to Ohio and Ortho stocks jump on bright prelims for Biomet

December 20, 2011 By MassDevice staff

Plus 3

Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This latest feature of MassDevice.com’s coverage highlights our three biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.

If you read nothing else today, make sure you’re still in the know with MassDevice +3.

3. Ortho stocks jump on strong Q2 prelims for Biomet

Wall St. win

Shares of orthopedic device makers are up this morning after bellwether Biomet Inc. reported preliminary sales numbers indicating 3.8% growth for its fiscal second quarter.

Read the full story.

2. Philips moves med-tech jobs to Ohio

Ohio state logo

Philips Healthcare (NYSE:PHG) plans to move 100 jobs to a Highland Heights, Ohio-based research & development facility as it cuts back at its nuclear medicine arm in San Jose, Calif.

Read the full story.

1. IRS wants Medtronic to pay $958M tax tab

IRS cornerstone

Medtronic Inc. (NYSE:MDT) is under the spotlight at the IRS for profit-shifting practices that effectively cut its corporate tax rate in half.

Read the full story.

Filed Under: Legal News, News Well, Orthopedics, Wall Street Beat Tagged With: Biomet, Personnel Moves, Philips, U.S. Internal Revenue Service (IRS)

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