Boston Scientific Gets Charged
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Walloped by charges, Boston Scientific posts a loss for the quarter.
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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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Attorney General Thomas F. Reilly yesterday accused a major mall operator in a suit of illegally selling a gift card with numerous fees and a one-year expiration date, but the terms haven't deterred the Massachusetts Department of Social Services from purchasing $250,000 worth of the cards this year for its clients.
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The three recalls of Boston Scientific Corp. cardiac stents since July 2 affected many more units than the company has previously disclosed, raising concerns among stock analysts about future inventory levels.
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A trial that opened more than a year ago has become bogged down in Boston federal court. There have been hundreds of hours of testimony from witnesses, including 10 medical specialists paid tens of thousands of dollars. The judge himself even hired an expert to help him make sense of it all.
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Greater Boston businesses and homeowners buckling under soaring gasoline and heating costs could get socked with up to $800 million a year in new electric costs under a proposed federal policy change, Massachusetts Attorney General Thomas F. Reilly warned yesterday.
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Boston Scientific receives a warning letter from the FDA on a discontinued stent trial.
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Merck KGaA's U S generic-drug unit was accused by the Department of Justice yesterday of overcharging government health-insurance programs for medicines.
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Boston Scientific Corp. shipped millions of dollars worth of coronary stents in fall 1998 even after company officials learned that the medical devices had
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Credit Suisse First Boston&#39;s Canadian unit must pay regulators C$1.5 million ($1.3 million) to settle accusations that it improperly traded shares of BCE Inc.
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Bloomington (Star report) --Boston Scientific Corp. has obtained exclusive rights to sell the most popular coating on heart stents, taking over the share previously held by Cook Inc.
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TORONTO (CP) - Credit Suisse First Boston Canada Inc. has been fined $1.35 million for failing to provide timely reporting of off-market trading of more than nine million shares of BCE Inc.
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New Yorkâs attorney general is looking into whether insurers overcharged patients for out-of-network doctors.
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Seven years after the parent companies of three Eastern Massachusetts electric utilities merged to become NStar Electric, NStar has finally merged the utilities themselves. That will mean a small rate break for old Boston Edison Co. customers, but rate increases of $2 to $4 a month for many Cambridge and Cape Cod customers.
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If a shopkeeper tried to charge $1,000 for a broken computer, you'd probably be outraged. You might even complain to the government.
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Business & money: Ill-judged comments saw deluge of customers reclaiming bank charges, says lawyer
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The company charging thousands of pounds for stem cell treatments using cells not intended for use in people.