Tag Archives: mdt

IBM’s Watson scores deals in fitness, medical and robotics

LAS VEGAS — IBM’s (IBM) cognitive computing system, Watson, has graduated from winning “Jeopardy” to predicting hypoglycemic events for diabetes patients and providing the brains for a customer service robot. IBM CEO Ginni Rometty discussed three partnerships involving IBM’s Watson during her keynote speech at CES 2016 on Wednesday in Las Vegas. The massive annual Consumer Electronics Show ends Saturday. Rometty talked about how Medtronic (MDT),

2016 To Be Year Of Merger Mania In Health Care: PwC

Like the past few years, 2015 was a big year for health care mergers — and for controversy about them. When Pfizer (PFE) agreed to buy Ireland-based Allergan (AGN) last month for $160 billion, it brought new plans from the U.S. Treasury Department and from presidential candidates to curb tax-inversion deals in which U.S. companies relocate to lower-tax countries. Device giant Medtronic (MDT) already did that in June when it acquired Ireland’s

Medtronic Notches Strong Quarter Despite FX Headwinds

Medical-device giant Medtronic (MDT) was up in early trading Thursday after it beat fiscal Q2 earnings estimates and raised the low end of its full-year profit guidance. In the quarter ended Oct. 30, Medtronic made $1.03 a share, excluding one-time items. That’s up 1% from the year-earlier quarter and 3 cents above analysts’ consensus, according to Thomson Reuters. Sales totaled $7.06 billion, in line with consensus and up 6% on a pro forma basis,