Exor Buys 15% Stake in Philips
By Joe Hoppe Exor and Royal Philips jointly said that they have entered a relationship agreement, with Exor picking up a 15% stake in Philips for an undisclosed…
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Tesla, GM, Lucid, Alibaba, and More Stock Market Movers
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Philips says it will cut 6,000 extra jobs by 2025 as it swings to a loss
Royal Philips NV on Monday said it will cut an extra 6,000 jobs by 2025, including around 3,000 this year, as part of a plan to improve performance…
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Philips to cut 4,000 jobs ‘immediately’ after bigger-than-expected loss
Royal Philips NL, +3.00% PHIA, -2.66% on Monday said it will “immediately” cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announced…
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U.S. stocks edge up despite higher-than-expected inflation data
U.S. stock indexes edged higher on Wednesday, while hotter-than-expected producer price inflation data deepened concerns that the Federal Reserve may continue its aggressive interest rate hikes. How are…
Read more U.S. stocks edge up despite higher-than-expected inflation dataPhilips warns of 5% fall in like-for-like sales due to supply-chain woes
Royal Philips NV said Wednesday that its performance for the third quarter was hurt by stronger-than-anticipated supply-chain challenges, and adopted a more pessimistic view on its sales through…
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