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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:44 EDTSYKStryker receives FDA warning letter regarding inspection of Portage, MI location
Stryker announced that its Instruments division has received a warning letter from the FDA related to observations made during a November 2012 inspection at its Portage, Michigan location. The letter concerns quality system observations made during the inspection and cites Stryker for failing to notify the FDA of a product recall, and for marketing devices, including the Neptune Waste Management System, without a required 510k clearance. The letter acknowledged that Stryker Instruments has already submitted corrective action plans for the quality system and recall observations. The company is fully cooperating with the FDA to resolve these matters in a comprehensive and timely manner.
News For SYK From The Last 14 Days
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March 4, 2015
08:52 EDTSYKStryker share buyback lowers chance of bid for Smith & Nephew, says Bernstein
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March 3, 2015
09:57 EDTSYKSmith & Nephew drops after Stryker announces buyback plan
Shares of Smith & Nephew (SNN) are moving lower after Stryker (SYK) announced this morning that its board approved a new $2B share repurchase program. "We remain committed to pursuing a capital allocation strategy that includes acquisitions, dividends and share repurchases," said Stryker CEO Kevin Lobo. He added, "While M&A activity across the breadth of our product and service offerings will remain the primary focus of our long-term growth strategy, this new authorization recognizes that the strength of our balance sheet is sufficient to enable more significant share repurchases." The news has Smith & Nephew, viewed as a potential takeover target for Stryker, trading off 5% in early trading to $34.96.
08:38 EDTSYKStryker announces new $2B share repurchase authorization
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February 27, 2015
12:50 EDTSYKSmith & Nephew, Stryker seen as potential headliners of 2015 M&A, TheDeal says
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February 20, 2015
08:27 EDTSYKStryker has a conference call hosted by JPMorgan
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