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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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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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