Covidien: Operating profits were up 9 per cent from $47.8 million to $52.1 million, however, when expenses and various reliefs are deducted the company’s tax bill fell from $7.4 million in 2014 to zero last year.

Covidien posted a pre-tax profit of $53 million (€47 million) for the seven months ending April 24th, last year. The Dublin-headquartered surgical s(...)

Pfizer and Allergan:  juggling with the fallout from the US Treasury’s new rules on corporate inversions.  Photograph: Dan Kitwood/PA Wire

Pfizer and Allergan are not the only companies juggling with the fallout from the US Treasury’s new rules on corporate inversions. They’re not even th(...)

Ian Read, chairman and chief executive officer of Pfizer, and Brent Saunders, president and chief executive officer of Allergan. This week’s announcement was seen as being directed particularly at the Pfizer-Allergan deal. Photograph: Michael Nagle/Bloomberg

As Pfizer and Allergan bowed to the inevitable and dropped their plan for a $160 billion (€140.6bn) deal that would have seen America’s largest pharm(...)

Medtronic chairman and chief executive Omar Ishrak. Photograph: Reuters/Brendan McDermid

Device giant Medtronic reports sales and earnings in line with its own forecasts but saw its shares dip in US trade after analysts had expected more. (...)

Richard Bruton said Ireland did not gain from corporate tax inversion deals

The Government has sought to distance itself from criticism over the latest corporate tax inversion with Minister for Jobs, Enterprise and Innovation (...)

Johnson Controls, a US manufacturer of car batteries and heating and ventilation equipment, is to merge with Cork based fire protection and security company Tyco International.

Johnson Controls, a US maker of car batteries and heating and ventilationequipment, said on Monday it would merge with Ireland-based fire protection a(...)

Minister for Health Leo Varadkar pictured with Mallinckrodt chief executive Mark Trudeau in Dublin.

Minister for Health Leo Varadkar pictured with Mallinckrodt chief executive Mark Trudeau at an earlier announcement by the company. Mallinckrodt does(...)

Medical device maker Medtronic reported a better-than-expected quarterly profit yesterday, helped by higher sales in all of its divisions, and the Dub(...)

Last January, medical device company Medtronic  became the largest company based in Ireland when it began trading on the New York Stock Exchange.

The medical device company Medtronic-Covidien is to shed 150 jobs at its contact centre in Dublin, according to the Communications Workers Union (CWU)(...)

Medical device maker  Medtronic: the US industry giant moved to Ireland  in a tie-up estimated to be worth $48bn. Photograph: Munshi Ahmed/Bloomberg

A spate of so-called “tax inversion” deals involving companies based in Ireland appears to be distorting the country’s foreign direct investment (FDI(...)