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Stock Market & Financial Investment News

News Breaks
June 30, 2014
10:18 EDTVECO, PHGVeeco has positive read through from Philips spinoff effort, says Wedbush
After Philips (PHG) said it would look to spin off its LED unit, Wedbush thinks Philips' announcement suggests that it expects LED makers to have large capex in 2015-2016. Wedbush, however, keeps a $35 price target and Neutral rating on Veeco.
News For VECO;PHG From The Last 14 Days
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March 24, 2015
08:02 EDTPHGPhilips announces joint development agreement with Mt. Sinai Health System
Philips announced a joint development agreement with the Mount Sinai Health System, an integrated health system in New York, to create a state-of-the-art digital image repository of patient tissue samples and innovative data analytics to pursue the discovery of new tissue-based tests and unlock pathology data. The collaboration aims to advance clinical research and ultimately enable better care for complex diseases, including cancer.
March 23, 2015
08:01 EDTPHGBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 19, 2015
15:46 EDTPHGKKR, CVC near deal for majority of Philips lighting unit, Bloomberg says
Private equity firms KKR (KKR) and CVC Capital Partners are nearing a deal that could be announced as soon as next week to buy 80% of Philips' (PHG) lighting components unit, with Philips retaining the remaining stake, reported Bloomberg, citing people with knowledge of the matter. The firms' bid values the whole of the business at about $2.7B, the sources told Bloomberg. Reference Link
15:19 EDTPHGKKR, CVC near bid for 80% of Philips lighting components unit, Bloomberg says
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08:05 EDTPHGPhilips and Inspirata partner for digital pathology solution development
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06:10 EDTPHGPhilips planning to spin off lighting business in IPO in 1H16, WSJ reports
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March 16, 2015
07:25 EDTPHGChinese consortium enters Philips auction, Reuters says
A consortium consisting of Lattice Power, GSR Ventures, and Temasek has placed a last-minute bid in the auction for Philips' (PHG) lighting components business, reports Reuters, citing two sources familiar with the matter. The sources also said the CVC and KKR (KKR) consortium tabled their potentially leading bid. Philips will enter exclusive talks with the winner early next week. Reference Link
March 12, 2015
08:06 EDTPHGPhilips subsidiary receives CE mark for diagnosis software
Royal Philips business Volcano has received CE Mark for the iFR Scout pullback software, a functional extension of its existing iFR Modality, optimized to assess serial lesions and diffuse coronary disease. Limited Market Release will commence immediately at European and Japanese medical centers. This software is currently pending 510(k) clearance at the US FDA. It is not available for sale in the US.

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