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.
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