Stryker Corporation

4:09 pm
Mon May 6, 2013

Auto companies fall on Fortune 500 list, SW Michigan companies move up

GM is now in seventh place instead of fifth. Ford Motor company was also moved down in rank on the Fortune 500 to tenth place. But Kellogg moved up 13 spots to number 192, and Stryker bumped up from 308 to 305.
Washington - Wal-Mart Stores Inc. retook top spot on the Fortune 500 rankings of largest U.S. companies from Exxon Mobil as two U.S. automakers fell. General Motors Co. slid from fifth to seventh. GM fell behind Warren Buffett's Berkshire Hathaway, which rose from seventh to fifth, and Apple Inc., which rose from 17th to sixth as its revenue jumped by 45 percent in 2012.
8:38 pm
Wed April 24, 2013

Stryker profits drop 13% due to product recalls

Net sales in the first quarter were up compared to a year ago
  • Source: Mlive
  • | Via: Kalamazoo Gazette
Some analysts were expecting Stryker to report earnings of $1.01 per share, up 2 percent from a year ago, according to Thomas Reuters. The earnings report includes a $40 million charge from the voluntary recall of the Rejuvenate and ABG II modular-neck hip stems, bringing total charges for this recall to $230 million.
6:35 am
Wed February 13, 2013

Portage City Council approves tax break for Stryker plant expansion

Company says plant currently has 662 employees.
  • Source: Mlive
  • | Via: Kalamazoo Gazette
PORTAGE, MI - The Stryker Corporation has won a tax break from Portage for a $5.6 million expansion at its research and development plant that will add 18 new jobs. The expansion at 4100 E. Milham Ave. will also handle 18 employees hired by the company since last July.
8:54 pm
Tue February 5, 2013

Stryker wins patent infringement lawsuit against rival Zimmer

Kalamazoo-based company stands to collect $70-million in estimated lost profits.
  • Source: Mlive
  • | Via: Kalamazoo Gazette
GRAND RAPIDS, MI - Stryker Corp. won a major patent infringement lawsuit Tuesday against rival medical technologies maker Zimmer Inc. in U.S. District Court in Grand Rapids. An eight-person jury found that Warsaw, Ind.-based Zimmer had infringed on a Stryker medical system that is a mainstay of hip- and knee-replacement procedures.