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

NECN.com ^ | 1/30/2013 | NECN/AP

[Qbert]

(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.

[Qbert]

The "finding out what's in it" stage...

[Diogenesis]

[Lonesome in Massachussets]

Of those 1000 laid off, betcha at least 600 of them voted for the Won.

[woodenickel]

And the unemployment rate still remains at 7.8%

[lowbridge]

Bump