Boston Scientific Considers Spinning Off Division
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The stent maker predicts it could raise at least $1 billion by spinning off a portion of the company to the public.
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Medtronic is spinning off its external defibrillator unit to focus on treatments for chronic medical conditions.
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Boston Scientific Corp. , the medical device maker, eliminated 55 jobs in Marlborough last month, according to the state Executive Office of Labor and Workforce Development. Company spokesman Paul Donovan said the Natick firm made the cuts after deciding to pull the plug on its Endovations program, an effort to develop a new single-use endoscope with an integrated ...
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Halliburton Co. said Thursday it is restructuring its troubled engineering and construction subsidiary, and would consider selling or spinning it off should the division&#39;s stock performance fail to improve once costly asbestos litigation is resolved.
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Altria Group Inc., the owner of cigarette maker Philip Morris and Kraft Foods Inc., may separate into two or three units after tobacco litigation dragged down the stock.
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Boston Scientific Corp. said yesterday it has won back the market share that its flagship cardiac stent system held before three safety recalls reduced doctors&#39; orders of the product.
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Time is running out for Boston Scientific to resolve what could be a multibillion-dollar liability resulting from its foray into the stent business.
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Boston College plans to partner with the Fenway Sports Group, a Red Sox spinoff, to increase the profile of its athletics department. BC is in the process of moving to the Atlantic Coast Conference from the Big East, which is likely to bring the team more visibility. The athletic departments of many other universities outsource their marketing and merchandising, but ...
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Struggling electronics firm considers breaking itself up in a move that could reshape the mobiles industry
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The Kellogg Brown &amp; Root unit is putting a big hurt the stock. Is a parting of the ways likely? Chief Executive David J. Lesar might be right when he describes Halliburton Co.
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The company lowers its estimated share price range and cuts the number of shares to be sold. Also: Digital Lifestyles Group creates a PC designed for teens & hellip;. BellSouth says new benefits for retirees will reduce its earnings & hellip;. and more.
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The announcement supplied Wall Street with the biggest missing piece in Boston Scientificâs strategy for meeting its promises to cut expenses and increase profits.
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Boston Scientific Corp. , facing flagging sales for its two key product lines, said late yesterday it will eliminate 2,300 jobs, or 8 percent of its worldwide workforce, restructure parts of its business, and go forward with plans to shed some less-critical assets.
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Company says it might consider busting into pieces to revive its ailing cell phone business. But is it the right move?
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The corporate parent of Celera is exploring whether to turn the Rockville biotechnology firm and an affiliated unit into two independent, publicly traded companies.
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Pfizer Inc , the world&#39;s largest  drug maker, said on Friday it is in talks with investors about  spinning off its Japanese research and development laboratory,  albeit as a much smaller organization.
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Bank of America Corp. moved a second major division away from Boston yesterday despite its repeated pledges to keep key business units headquartered here after it acquired New England's largest bank.