Boston Scientific reports weaker results, sets job cuts

(Reuters) – Boston Scientific Corp reported weaker quarterly earnings on Tuesday as sales slipped and expenses rose, and the medical device maker announced more job cuts. The company said it expected to eliminate 900 to 1,000 jobs worldwide through 2013, bringing the total headcount reduction to 2,100 to 2,400 positions from 2011 to 2013. Boston Scientific employs 24,000 workers worldwide, according to its website. Fourth-quarter net earnings fell to $60 million, or 4 cents per share, from $107 million, or 7 cents per share, a year earlier, the company said. …

FAO urges cash-strapped governments to keep up guard against bird flu

ROME (Reuters) – Governments must not allow financial constraints caused by the current global economic crisis to stop them keeping their guard up against avian flu, the Food and Agriculture Organisation (FAO) said on Tuesday. The agency, one of three international bodies that lead the global response to bird flu, warned of a repeat of the 2006 outbreaks, when the highly pathogenic H5N1 virus killed 79 people around the world and sparked fears of a pandemic. Investment was vital to prevent a repeat of such a crisis, the FAO said. …

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