St. Jude Warns of Defibrillator Battery Risk : bloomberg

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St. Jude Warns of Defibrillator Battery Risk

St. Jude Warns of Defibrillator Battery Risk

Rand Reaction to Gordhan Benign, Says Coleman16:39 - The summoning of South African Finance Minister Pravin Gordhan to face fraud charges shows deepening divisions within the governing African National Congress before the party elects new leaders next year, according to Goldman Sachs Inc. "There is clearly a sharpening of the knives between the various factions within the ANC," Colin Coleman, a partner and head of Goldman Sachs Group in South Africa, said in an interview with Guy Johnson and Caroline Hyde on "Bloomberg Markets: European Open."


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Medtronic Calls St. Jude Comparison's Misleading, 'Uses Different Battery, With A Different Battery Design' (NYSE:MDT)(NYSE:STJ)

Medtronic Calls St. Jude Comparison's Misleading, 'Uses Different Battery, With A Different Battery Design' (NYSE:MDT)(NYSE:STJ)

Amid a broad market selloff, Medtronic PLC (NYSE: MDT) was under heavy selling pressure on Tuesday.St. Jude Medical, Inc. (NYSE: STJ) said Tuesday morning it would recall some of its implanted heart devices due to risk of premature battery depletion.St. Jude said 841 devices had been returned to the company for analysis due to premature battery depletion, traced to a build-up of lithium clusters in the batteries.


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St. Jude Investors Show Concern Amid Battery Issue; Abbott Reassures Deal Will Close (NYSE: STJ) (NYSE: ABT)

St. Jude Investors Show Concern Amid Battery Issue; Abbott Reassures Deal Will Close (NYSE: STJ) (NYSE: ABT)

Shares of St. Jude Medical, Inc. (NYSE: STJ) and Abbott Laboratories (NYSE: ABT) traded in the red after reports of battery issue.Abbott agreed to buy St. Jude for about $25 billion last April.Investors appear worried about reports from Muddy Waters, which Tweeted Monday night about anonymous source providing documents indicating that St. Jude might soon reveal premature battery depletion resulting in the death of two persons.