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
Check below for free stories on PHG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 25, 2014
11:20 EDTPHGPhilips selects Morgan Stanley for lighting unit stake sale, Reuters says
Subscribe for More Information
July 24, 2014
08:03 EDTPHGPhilips receives FDA 510(k) clearance for mobile ultrasound system
Subscribe for More Information
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
Subscribe for More Information
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.

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