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Business News Archive - January 08, 2006

By Debra Sherman and Jessica Hall CHICAGO/PHILADELPHIA (Reuters) - Boston Scientific Corp. on Sunday formalized its $25 billion cash and stock offer to acquire Guidant Corp. in a move to woo the medical-device maker away from its existing merger partner, Johnson & Johnson.

Boston Scientific Corp. on Sunday formalized its $25 billion cash and stock offer to acquire Guidant Corp. in a move to woo the medical-device maker away from its existing merger partner, Johnson & Johnson.

Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.