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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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July 7, 2015
10:00 EDTBSXOn The Fly: Analyst Initiation Summary
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07:42 EDTBSXBoston Scientific initiated with an Overweight at Stephens
Target $21.
June 23, 2015
12:35 EDTBSXBoston Scientific CEO says M&A an important strategy
Boston Scientific CEO is speaking in a CNBC interview.
07:25 EDTBSXPiper Jaffray to hold a summit
2015 Piper Jaffray Heartland Summit is being held in Minneapolis on June 23-24.

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