Good morning from the business news desk of the Star Tribune. Medtronic said its fiscal first quarter adjusted EPS was 93 cents, beating expectations by a penny. That excludes one-time costs that sent its bottom line down 9%. Revenue grew in all its businesses except spinal. Executives said they are committed to finishing the $43 billion acquisition of Covidien, the Irish-based medical device supplier, by the end of the year. The deal is Medtronic's biggest and has drawn scrutiny and criticism because it will change the firm's tax address to Ireland.
U.S. inflation, as measured by consumer prices, grew 0.1 percent in July. That's in line with forecasts and the slowest rate of growth in five months.Details here.
Look for another day on the upside on Wall Street. Stocks in Asia and Europe rose.
by Evan Ramstad, Digital...8/19/2014 12:51:26 PM
Mixed to lwr grains. Oats may be firming on talk of cont Canada railroad logistics probs this yr. US stocks, Crude & most commodities hghr.
by ADM InvestorServicesvia twitter8/19/2014 1:04:52 PM