Medical device maker makes $1b loan payment
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Boston Scientific Corp. , the struggling medical device maker, said yesterday it made a $1 billion early loan payment and renegotiated some loan agreements, giving the Natick company more breathing room as it revamps its business.
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Texas Instruments Inc., the  largest maker of chips for cellular phones, on Thursday said it  plans to buy back $1 billion in stock and boost its quarterly  dividend by more than 17 percent, becoming the latest  technology company to return extra cash to investors.
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A US jury told Medtronic Inc., the world&#39;s biggest maker of spinal implants, to pay at least $109 million to an inventor for violating contracts and infringing his patents.
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The medical device and drug maker credited strong sales of its migraine and Crohnâs disease treatments.
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The chairman of the world's largest contract electronics manufacturer, which assembles gadgets from AppleÂ iPods to Nintendo's Wii game console, pledged NT$15 billion (US$454.4 million) to Taiwan's most prestigious university to build a new cancer ward and fund research against the disease.
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Boston Scientific said that three of its subsidiaries agreed to pay $16.75 million and extend the warranty on some of its heart devices.
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By Alejandro Bodipo-Memba, Detroit Free Press  Sep. 7--Pfizer Inc. will donate lab equipment valued at more than $1 million to Michigan-based start-up companies focused on life-science research.
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Chartered Semiconductor (CSMF.SI: Quote, Profile, Research) , the world&#39;s third-largest contract microchip maker, will receive a $653 million loan from US bank JP Morgan (JPM.
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The loan servicer is raising some serious cash.
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NEWARK, New Jersey  - Four medical device implant makers will pay about $311 million and agree to federal monitoring and other reforms to settle a government probe into improper consulting contracts with surgeons, federal prosecutors said on Thursday.
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One Miami-area medical equipment supplier managed to bill the U.S. government so often for a wheelchair it ended up costing $5 million.
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General Motors Corp.  will inject $1 billion into GMAC, its former finance arm said on Tuesday, a capital infusion needed to complete the sale of the automaker's majority stake in the face of escalating defaults in the U.S. mortgage market.
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NEWARK, New Jersey  - Four medical device makers will pay a total of $311 million and agreed to federal monitoring to settle a government probe into consulting deals prosecutors said were made with surgeons to sway decisions on which hip and knee implants to give to patients.
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A US company has received more than $1bn in funding to build prototype unmanned fighter aircraft for the American military.
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Dana, an automotive parts manufacturer operating under Chapter 11 bankruptcy protection, arranged a $500 million investment from a private-equity firm to create two trust funds that will help pay health-care expenses for retirees.
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The Food and Drug Administration yesterday approved for use the first totally implantable artificial heart under a program that will make the complicated, $250,000 device available for as many as 4,000 people.
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The biotech company reported net income of $833 million, or 71 cents per share, for the latest quarter.