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Stock Market & Financial Investment News

News Breaks
July 8, 2014
05:41 EDTPHGPhilips Healthcare CEO steps down after Q2 EBITA below expectations
Royal Philips announced that it is implementing a new management structure in its Healthcare sector to "improve performance and allow it to respond better to evolving customer demands in a changing health care landscape." In this new model, the Healthcare business groups will report directly to Philips CEO Frans van Houten, thereby removing one management layer. Deborah DiSanzo, CEO of Philips Healthcare, has decided to leave the company to pursue other opportunities. "The performance in our Healthcare sector is disappointing, with second-quarter EBITA expected to be approximately EUR 220 million, while expected Group EBITA of approximately EUR 400 million in the second quarter is in line with current market expectations," said Frans van Houten. "We anticipate, however, EBITA performance in Healthcare to improve in the second half compared to the same period in 2013 as, among others, Cleveland gradually resumes production in the course of the third quarter."
News For PHG From The Last 14 Days
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November 13, 2014
08:02 EDTPHGPhilips added to Europe Best Ideas List at Morgan Stanley
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November 12, 2014
09:12 EDTPHG Philips' Zoom QuickPro launches five-minute teeth whitening treatment
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November 11, 2014
10:00 EDTPHGOn The Fly: Analyst Initiation Summary
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06:50 EDTPHGPhilips initiated with a Hold at Jefferies
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November 10, 2014
06:30 EDTPHGGlobal LED lighting market ste to rach $25.7B in 2014, DigiTimes says
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