St. Jude CEO lays out long-term growth plan St. Jude Medical Incorporated's long-term plan calls for aggressive growth during the next five years, backed in part by an expectation that the company will continue to take market share in the heart-rhythm-device business, Chief Executive Daniel Starks said Friday. The Little Canada maker of pacemakers, implantable defibrillators and other devices is setting a revenue target of at least $7.6 billion in 2012, compared with $3.78 billion last year. Also, St. Jude continues to pursue a compound annual growth rate of at least 15 percent in earnings per share, Starks said. He spoke during a company analyst conference that was broadcast on the Internet.
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Buffets seeks to sell underperforming sites Buffets Inc. wants to sell three of its Midwestern restaurants for about $3.8 million to two purchasers, its second such request to get rid of underperforming locations. The sales will help Buffets emerge from Chapter 11, the restaurant chain said in documents filed with the U.S. Bankruptcy Court in Wilmington, Del. Buffets, which operates restaurants under the Old Country Buffet, Ryan's and Tahoe Joe's brands, wants to sell restaurants in Bourbonnais, Ill., and Fairfield and Franklin, Ohio.
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