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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
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July 28, 2015
10:00 EDTPHGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
06:12 EDTPHGPhilips upgraded to Equal Weight from Underweight at Barclays
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06:11 EDTPHGPhilips upgraded to Buy from Hold at Societe Generale
July 24, 2015
07:45 EDTPHGPhilips management to meet with JPMorgan
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July 21, 2015
07:17 EDTPHGPhilips announces collaboration with Profound Medical
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07:16 EDTPHGPhilips announces joint development agreement with Profound Medical
Royal Philips and Profound Medical Corp, a Toronto-based medical device company, announced that they have signed a joint development agreement to support Profound Medical’s proprietary TULSA technology designed to treat patients with prostate cancer on Philips’ Ingenia and Achieva 3T MRI systems. Profound Medical will soon release 12 month data from its 30 patient safety and feasibility study with the goal of obtaining a CE mark and commercialization of TULSA-PRO in Europe and Canada in 2016.

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