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Stock Market & Financial Investment News

News Breaks
January 29, 2013
06:14 EDTPHGPhilips to transfer Lifestyle Entertainment business to Funai Electric
Philips has signed an agreement regarding the transfer of its Lifestyle Entertainment business -- Audio, Video, Multimedia and Accessories -- to Funai Electric. Under the terms, Funai will pay a cash consideration of EUR150M and a brand license fee, relating to a license agreement for an initial period of five and a half years, with an optional renewal of five years. The deal is expected to close in 2H13. The Video business will transfer in 2017, related to existing intellectual property licensing arrangements.
News For PHG From The Last 14 Days
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July 25, 2014
11:20 EDTPHGPhilips selects Morgan Stanley for lighting unit stake sale, Reuters says
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July 24, 2014
08:03 EDTPHGPhilips receives FDA 510(k) clearance for mobile ultrasound system
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July 23, 2014
13:33 EDTPHGWi-LAN enters into license agreement with Philips
Wi-LAN (WILN) announced that the company's subsidiary, Open Network Solutions, has entered into a license agreement with Philips (PHG) and Philips Electronics North America Corporation. The licensed patents relate to networking capabilities of non-standard devices. The remaining terms of the license agreement are confidential.
July 21, 2014
06:11 EDTPHGPhilips sees second half EBITA above last year
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06:10 EDTPHGPhilips reports Q2 net income EUR 0.26 vs. EUR 0.35 last year
Reports Q2 revenue EUR 5.29B vs. EUR 5.63B last year. Healthcare comparable sales decreased 4%. Consumer Lifestyle comparable sales increased by 7%. Lighting comparable sales increased 1% year-on-year.

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