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Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:52 EDTPHG, NTDOYPhilips sues Nintendo over motion patents, AP reports
Philips (PHG) is filing a patent infringement lawsuit against Nintendo (NTDOY) over the Wii remote, reports the Associated Press. Philips spokesman Bjorn Teuwsen said the companies had been in negotiations over a possible licensing agreement since 2011, but could not come to any agreement. Reference Link
News For NTDOY;PHG From The Last 14 Days
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February 10, 2016
08:04 EDTPHGPhilips receives 510(k) clearance to market patient monitor solution
Philips's Expression MR400, a new technology that monitors patients undergoing magnetic resonance imaging, has received 510(k) clearance from the FDA. The MR400 provides ICU-comparable, bedside monitoring in the MR suite for all patients, including those with serious medical conditions or who require anesthesia.
February 5, 2016
06:53 EDTPHGBlackstone, Onex advance in Philips Lighting auction, Bloomberg reports
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February 3, 2016
08:04 EDTPHGPhilips partners with Validic for connected health service solutions
Philips signed an agreement with Validic, a U.S.-based company that provides a technology platform for connectivity and access to digital health data from clinical and remote-monitoring devices, sensors, fitness equipment, wearables and patient wellness applications. The collaboration with Validic, whose platform reaches approximately 223 million people in 47 countries, will offer Philips opportunities to expand its connected health solutions and applications with third-party device data.
February 2, 2016
05:40 EDTNTDOYNintendo backs FY16 operating income Y50B, net income per share Y291.35
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05:39 EDTNTDOYNintendo reports nine-month operating income Y42.49B vs. Y31.60B last year
Reports nine-month revenue Y425.66B vs. Y442.92B last year. Reports nine-month ordinary income Y55.30B vs. Y92.36B last year. Reports nine-month profit attributable to owners of parent Y40.56B vs. Y59.52B last year. Reports nine-month net income per share of Y337.64 vs. Y502.78 last year. Reports total assets as of December 31, 2015 was Y1.41M.
January 29, 2016
05:55 EDTPHGPhilips names Jean Botti as Chief Innovation and Strategy Officer
Royal Philips (PHG) announced the appointment of Jean Botti as Chief Innovation and Strategy Officer as part of the company's strategy to capture a larger portion of the HealthTech opportunities. Jean Botti, who will join Philips as of April 1, 2016 from Airbus Group (EADSY), will become a member of Philips' Executive Committee and will report directly to Philips CEO Frans van Houten. Jean Botti will succeed Jim Andrew, who left Philips in the fourth quarter of 2015 for personal reasons.

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