New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:36 EDTPHGPhilips to combine LED components, Automotive lighting businesses
Royal Philips announced that it will start the process to combine its LED components and Automotive lighting businesses into a stand-alone company within the Philips Group. Philips will explore strategic options to attract capital from third party investors for the business. Philips intends to remain a shareholder and customer of the new company, and will continue the existing innovation collaboration. Sales of the combined businesses were approximately EUR 1.4B in 2013. The CEO of the new company will be Pierre-Yves Lesaicherre, the current CEO of Lumileds. The process to combine Lumileds and Automotive into an integrated business within the Philips Group is expected to be completed in the first half of 2015. Costs associated with setting up the combined business are expected to amount to EUR 30M in the second half of 2014.
News For PHG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use