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Money Matters: Boston Scientific job cuts (1,000 job cuts due to Obamacare medical device tax, etc.)


(NECN/AP) – Here’s a rundown of the morning’s developing business stories, which may impact stock performance:

– Boston Scientific cutting 1,000 jobs

Boston Scientific is cutting up to 1,000 more jobs as it deals with a new medical device tax from the U.S. health care overhaul, limited growth prospects in certain markets and pressure to cut prices on its products in other countries.

(Excerpt) Read more at necn.com …

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