The Ticker

Boston Scientific to pay $30M to feds

The Justice Department said Boston Scientific Corp. and its Guidant subsidiaries will pay $30 million to settle allegations that Guidant knowingly sold defective heart devices that health care facilities implanted in Medicare patients from 2002 to 2005.

Boston Scientific is headquartered in Natick and acquired Guidant in 2006.

The Justice Department said that while Guidant took corrective action to fix the defects, the company continued selling its remaining stock of defective versions of the implantable defibrillators used in patients at risk of cardiac arrest due to an irregular heartbeat.

Google shares reach all-time high

Google's shares soared to new heights yesterday after the company reported sales and profit that topped Wall Street expectations.

The stock jumped nearly 8 percent in after-hours trading, near $955.50 a share — well above the stock's all-time high of $928 set in July.

Sales from both Google-owned sites and its network of partner sites both jumped by almost a quarter over the year. Search makes up 92 percent of Google's business.

Sovereign Bank becomes Santander

The third largest bank in Massachusetts changed its name yesterday.

Sovereign Bank will be known as Santander, one of the nation's 25 largest retail banks. It operates mostly in the Northeast and Mid-Atlantic. It has 700 branches in the United States.

The bank is part of the Spanish banking firm the Santander Group, which operates in countries across the globe including in Europe, South and North America.

THE OUTLOOK

Today

• Conference Board releases leading indicators for September.
• General Electric Co. reports quarterly financial results before the market opens.
• Morgan Stanley reports quarterly financial results before the market opens.

THE SHUFFLE

• ProEx, a physical therapist-owned private practice specializing in orthopedics, spine and sports medicine, has announced Elizabeth "Liz" Kilzi has been named an exercise technician, operating from its Boston location in the Financial District.
• Rodman & Rodman, P.C., an independent accounting and tax firm with a specialty practice in clean technology and renewable energy, has named Janine L. O'Connor as an accountant. She will provide accounting, tax and financial statement preparation services to Rodman & Rodman's business clients and individuals throughout New England.

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