St. Jude Medical Inc. said Thursday it is cutting 300 jobs as part of a corporate restructuring that the medical device company says will save it $50 million to $60 million annually starting next year, the Minneapolis St. Paul Business Journal reports.
Eden Prairie-based crypto company files for bankruptcy
The company operates crypto-mining centers.
1 dead, 2 with life-threatening injuries in Minnesota crash
The crash happened just after 7:30 p.m. Friday.
School bus carrying students plunges into river southwest of Fargo
None of the kids suffered life-threatening injuries, though some were taken to area hospitals.
Richfield High School cancels weekend events after shooting
Two men were shot outside the school's football stadium
Sound of shots, mass panic at Richfield football game streamed live on YouTube
Gunfire caused panic at a varsity football game Friday night.
Gunfire outside stadium halts Richfield/Kennedy football game
This is a developing story.
K-9 search leads to $36K fentanyl seizure during traffic stop
A traffic stop was made after the vehicle was seen speeding through the area.
Gov. Walz reacts to Tuesday death of Mankato West student
The governor is a former geography teacher at the high school.
Teen pleads guilty to Minneapolis carjacking, admits to others
The man was yanked out of the vehicle by witnesses before fleeing the scene.
Three plead guilty to roles in murder on Red Lake Reservation
The 2019 murder left another person seriously injured.
Sheriff: Heifer shot and butchered on farmer's pasture near Aitkin
Anyone with information regarding the incident is encouraged to call the Clearwater County Sheriff's Office.
More and deeper job cuts at St. Jude Medical
The medical device maker plans another 500 job cuts, with about 100 of them in Minnesota. That follows an August round of layoffs that trimmed eighty jobs in the state. Sagging sales of defibrillators, pacemakers, and other heart rhythm devices have squeezed St. Jude and others in the industry.
St. Jude Medical says third quarter profits fell 22 percent
St. Jude Medical, Inc. reported a 22 percent drop in profits for the third quarter, MarketWatch reports. The Little Canada-based medical equipment supplier and manufacturer posted a profit of $176 million, down from $227 million a year ago.
Minneapolis cardiologist: St. Jude defibrillator leads still problematic
Design changes to a key Little Canada-based St. Jude Medical Inc. heart device, including an added layer of insulation to reduce the risk of abrasions, do not prevent defects that could lead to device failure and death. That's according to prominent cardiologist Robert Hauser of Abbott Northwestern Hospital in Minneapolis who made the comments in a study published in the medical journal Europace. He tells the Pioneer Press, "I can't say the Durata lead is bad. I just can't say that it's good."
FDA approves new St. Jude Medical defibrillators
The Food and Drug Administration okayed the Little Canada-based company's Assura portfolio of implantable cardioverter defibrillators and cardiac resynchronization therapy devices. The new line is said to have "advanced sensing options designed to reduce the incidence of inappropriate shocks."
New FedEx facility in Roseville to bring nearly 300 jobs
The Minneapolis St. Paul Business Journal reports the new facility will create nearly 300 new jobs. FedEx has also selected Mendota Heights-based R.J. Ryan Construction to build the facility.
Study links St. Jude heart wires to at least 20 deaths
Defective wires in defibrillators have caused at least 20 patient deaths, according to research in a leading cardiology journal. St. Jude stopped selling the devices in 2010 because of safety concerns but tens of thousands of people still have the implants, the AP reports. St. Jude is challenging the findings.
You Can Get BMTN Special Offers!