Good day, ladies and gentlemen and welcome to the First Quarter 2013 Covidien plc Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the prepared remarks there will be a question and answer session.
The SEC announced Tuesday that it has named Carl W. Hoecker as its Inspector General. Hoecker currently serves as inspector general for the U.S. Capitol Police and will replace David Kotz, who left the SEC last year.
A Securities and Exchange Commission member said Wednesday that many improvements to the municipal securities market can be made by the SEC without seeking regulatory authority over municipal issuers from Congress.