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Stock Market & Financial Investment News

News Breaks
January 29, 2013
08:19 EDTBSXBoston Scientific to expand restructuring, sees cutting 900-1,000 jobs
The company announced earlier an expansion of its 2011 restructuring program. The company estimates that the Expansion will reduce gross annual pre-tax operating expenses by approximately $100M-$115M exiting 2013; and that the total 2011 restructuring program, including the Expansion, will reduce gross annual pre-tax operating expenses by approximately $340M-$375M exiting 2013. The company anticipates the reduction of 900 to 1,000 positions worldwide through a combination of employee attrition and targeted headcount reductions as a result of the Expansion. The company estimates that the implementation of the Expansion will result in total pre-tax charges of approximately $140M-$160M, and that approximately $100M-$120M of these charges will result in future cash outlays. The company estimates that the implementation of the Total Program will result in total pre-tax charges of approximately $300M-$355M, and that approximately $270M-$300M of these charges will result in future cash outlays.
News For BSX From The Last 14 Days
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May 20, 2015
05:31 EDTBSXNew study evaluating Boston Scientific Lotus Valve System shows low PVL rates
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May 19, 2015
07:54 EDTBSXBoston Scientific reports positive data from EVOLVE trial
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May 15, 2015
10:29 EDTBSXAmerican Urological Association to hold an annual meeting
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09:31 EDTBSXAmerican Thoracic Society to hold a conference
ATS 2015 Conference is being held in Denver on May 15-20.
May 14, 2015
09:41 EDTBSXLeerink medical devices analyst holds a cardiology luncheon meeting
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May 13, 2015
07:31 EDTBSXHeart Rhythm Society to hold a conference
Heart Rhythm 2015 is being held in Boston on May 13-16.
May 12, 2015
05:23 EDTBSXNevro announces filing of petitions for inter partes review by Boston Scientific
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