DIRS.INFO The most relevant business & tech news

☆ Philips reaches compliance agreement with FDA over ventilator recall
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: +1 min

Dutch health technology company Philips said on Monday it had reached an agreement on the terms of a settlement with the U.S. Food and Drug Administration (FDA) over a large-scale recall of ventilators. Philips said the costs of the so-called consent decree with the FDA led to a provision of 363 million euros ($393.5 million) in the fourth quarter of last year, and were expected to be about 1% of total revenues in 2024. The agreement sets out the improvements that Philips needs to make at its Respironics plants in order to be able to sell new respiratory devices in the U.S. again. Until the conditions are met, no new Respironics devices will be sold there, the company said. "We are fully committed to complying with the consent decree, which is an important step and provides a clear path forward," Chief Executive Roy Jakobs said in a statement.

Persons: Philips, Roy Jakobs Organizations: U.S . Food, Drug Administration, FDA, Philips Locations: Europe, U.S

☆ European stocks set to slip after notching two-year high; Fed and BoE meetings ahead
▼ + stars: | 2024-01-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European stock markets are heading for a lower start to the week as investors prepare for a slew of earnings, data and central bank announcements. The regional Stoxx 600 climbed 3.1% last week, closing at its highest level since January 2022, according to LSEG data. Gains came amid some positive fourth-quarter company results, and as the market ramped up bets that the European Central Bank will begin cutting interest rates in April. It is a big week for earnings, with Big Tech's Microsoft, Apple, Meta, Amazon and Alphabet all set to report. In Asia-Pacific, markets traded mixed with all attention on Hong Kong's High Court ordering the liquidation of Chinese property developer Evergrande.

Organizations: European Central Bank, ECB, U.S . Federal, Bank of England, Big, Microsoft, Apple, Philips, Ryanair, Hong Locations: Europe, Asia, Pacific, Hong Kong's

☆ Philips Suspends U.S. Sales of Breathing Machines After Recall
▼ + stars: | 2024-01-29 | by ( Christina Jewett | ) www.nytimes.com time to read: +1 min

Philips Respironics announced on Monday that it would halt sales of all of its breathing machines in the United States after reaching a settlement with the Food and Drug Administration over continuing problems with the devices. Millions of the company’s ventilators and CPAP machines, used to ease breathing at night, were recalled after reports that they blew bits of foam and potentially toxic gases into consumers’ airways. Under the settlement, Philips said it would have to meet a list of standards in a “multiyear” plan before it could resume business in the United States. The company initially began the recall of millions of devices in June 2021 and paused sales of new sleep therapy machines to the United States, according to Steve Klink, a spokesman for Philips. cited the potential for serious injury or permanent impairment from the potentially cancer-causing chemicals emitted from the devices.

Persons: Philips Respironics, Philips, Steve Klink Organizations: Food and Drug Administration, Philips Locations: United States

☆ Philips CEO on product recalls and deal with FDA
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilips CEO on product recalls and deal with FDARoy Jakobs, Philips CEO, joins 'Money Movers' to discuss how long the company will resume selling sleep apnea machines in the U.S., the safety of the company's devices, and more.

Persons: FDA Roy Jakobs Organizations: Philips, FDA Locations: U.S

☆ Stocks making the biggest moves premarket: Dollar Tree, American Airlines, ZoomInfo Technologies and more
▼ + stars: | 2024-01-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

American Airlines — The airline stock added 1.5% following an upgrade to buy from neutral at Citi. "North America's network carriers' diversified revenue streams and solid demand for premium cabin offerings appear to provide them with superior positioning in this post-pandemic environment," wrote analyst Stephen Trent. Builders FirstSource — The building materials manufacturer edged 2% higher following an upgrade to buy from neutral at Bank of America. ZoomInfo Technologies — The software stock popped 5.5% after Bank of America analyst Koji Ikeda upgraded it to buy from neutral. "We believe it is a classic self-help story that is set to outperform," the analyst wrote, underscoring the company's revenue growth reacceleration and new AI products as potential catalysts.

Persons: Stephen Trent, Flywire, Morgan Stanley, Omar Nokta, Hershey, Wells, Steven Cahall, —, Cowen, Rafe Jadrosich, Julien Dumoulin, Smith, FactSet, Koji Ikeda, McGrath RentCorp — McGrath RentCorp, CNBC's Michelle Fox, Alexander Harring, Sarah Min, Jesse Pound Organizations: JPMorgan, American Airlines —, Citi, Zim Integrated Shipping Services —, Jefferies, Warner Bros, Bank of America, Bloom Energy, Koninklijke Philips —, Food and Drug Administration, Technologies, WillScot Mobile Locations: Albemarle, Netherlands

☆ Philips CEO says company is 'pulling growth out of every single market' in the world
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilips CEO says company is 'pulling growth out of every single market' in the worldRoy Jakobs, CEO of Philips, discusses the company's earnings results as it strives to push through the brand's ventilator issues and DOJ investigations.

Persons: Roy Jakobs Organizations: Philips

WASHINGTON (AP) — The company behind a global recall of sleep apnea machines said Monday it will stop selling the devices in the U.S., under a tentative agreement with regulators that could cost the company nearly $400 million. Philips executives disclosed the tentative agreement during a quarterly earnings update. Under terms of the agreement, Philips would continue servicing recalled machines in the U.S., but would not be able to sell new ones until meeting several corrective actions laid out by the FDA. In November, the agency issued a new warning that the machines can overheat, in rare cases causing fires. Untreated sleep apnea can cause people to stop breathing hundreds of times per night, leading to dangerous drowsiness and increased heart attack risk.

Persons: ” Philips, Roy Jakobs, Philips, “, ” Organizations: WASHINGTON, Manufacturing, Philips, Food and Drug Administration, Department of Justice, FDA . Company, FDA, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S, Pennsylvania, Canada, Australia, Israel, Chile

☆ 10 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-01-27 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.

Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile

☆ Opinion: Donald Trump wins against Nikki Haley, but loses it
▼ + stars: | 2024-01-24 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +24 min

The problem with this approach is that most Republican voters do not want an alternative to Trump; they overwhelmingly back him. At least that’s what the Nikki Haley campaign said after finishing second to former President Donald Trump in the New Hampshire primaries on Tuesday. Democratic nominee Bill Clinton and third-party candidate Ross Perot exploited that division in the Republican Party against Bush in the fall. The Republican Party is united behind Trump, and with optimal conditions for an opponent like Haley, Trump was still unstoppable. “Democrats deserve options, and it’s not clear at all that President Biden can beat Donald Trump.

Persons: Raul A, Reyes, Nikki Haley’s, Nikki Haley, Donald Trump, bode, Reyes CNN Haley, Trump, Haley, “, CNN’s Dana Bash, That’s, it’s, Trump …, Nikki, –, She’s, Paul Begala, Donald Trump’s, Paul Begala CNN Trump, Joe Biden, Reagan, Bush, Bill Clinton’s, Clinton, Ana Marie Cox, Ana Marie Cox Faith Fonseca, ” Trump, Biden, Jamal Simmons, Biden’s, he’s, Dean Phillips, Jimmy Carter, Edward Kennedy, Kennedy, Carter, Republican Ronald Reagan, George H.W, Pat Buchanan, Bill Clinton, Ross Perot, Eugene McCarthy’s, Lyndon Johnson, Marianne Williamson, Sen, Bernie Sanders, Pramila, Kamala Harris, Daniel McCarthy, John McCain, George W, Ron DeSantis, Biden —, ”, Rizwan Virk, Williamson, Sanders, Andrew Yang, Dean Philips, Yang, ” Rizwan Virk, Patrick T, Brown, Barack Obama, Dozens, Scott Walker, Jeb Bush, South Carolina Sen, Tim Scott, Texas Sen, Ted Cruz, Florida Sen, Marco Rubio, John Kasich, Cruz, Sophia A, DeSantis, Nelson Stephanie Honikel, Harris, Nelson, Tuesday’s, Phillips ’, Phillips, Arick, Michael Bloomberg Organizations: CNN, GOP, South Carolina Gov, Republican, Reyes CNN, Trump, Independents, Polling, White, USA, Twitter, New, South, Biden, diehard Republicans, New Hampshire, Republican Party, Bush Republicans, NATO, Republicans, Democratic, Minnesota Rep, Hamas, Washington Rep, Former South Carolina Gov, mavericks, New Hampshire Democratic, Florida Gov, The, Syndicate, Democratic Party, Democrat, Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Wisconsin Gov, Ohio Gov, Public Policy Center, Economic, Florida’s, America, Trump Party, Congressional, UN, Tuesday’s New, Tuesday’s New Hampshire Democratic, Democratic National, Biden –, Medicare, New York Locations: Iowa, New Hampshire, South Carolina, America, Granite, Trump, Michigan, New Hampshire , Iowa, Austin, Israel, Vietnam, Granite State . South Carolina, Gaza, Yemen, Ukraine, Vermont, Wisconsin, Florida, Texas, Ohio, New York, Washington , DC, Virginia, Minnesota, Tuesday’s New Hampshire, Hampshire

☆ Sustainability has been superseded by other issues at Davos 2024, says Philips chair
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSustainability has been superseded by other issues at Davos 2024, says Philips chairFeike Sijbesma, chair of Philips and former DSM CEO, discusses the global climate agenda and government regulation.

Persons: Philips, Feike Sijbesma Organizations: Sustainability, Philips, DSM Locations: Davos

☆ Technology is key in rebuilding Ukraine, Philips CEO says
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTechnology is key in rebuilding Ukraine, Philips CEO saysRoy Jakobs, the CEO of Philips, discusses the company's operations in Ukraine, and explains the applications of AI in the health care sector.

Persons: Roy Jakobs Organizations: Technology, Philips Locations: Ukraine

☆ New ads business will launch on Philips Smart TVs to take on Samsung and LG in the $33 billion connected-TV ad market
▼ + stars: | 2024-01-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Read previewA new connected-TV ads business is set to launch on Philips Smart TVs in the coming weeks to rival competing solutions from LG, Vizio, and Samsung, according to multiple people familiar with the matter. The new offering is from TP Vision, a consumer electronics company that operates the Philips Smart TV brand in Europe and other countries outside the US. TitanOS will operate as a standalone business unit from TP Vision, a separate person familiar with the matter said. AdvertisementIn the highly competitive connected-TV ads market, scale will be crucial to the success of Titan Ads. AdvertisementAs one TV ad buyer put it, "The last thing we need is more hardware fragmentation initiatives.

Persons: —, Janko Roettegers, TPV, Ampere, Richard Broughton Organizations: Service, Philips Smart, LG, Samsung, Business, TP, Philips Smart TV, Philips TV, TitanOS, TP Vision, Philips, Pocket Media, Titan, Ampere Analysis, Sony, Netflix, YouTube Locations: Europe, Americas

☆ These 5 stocks are on Goldman's European conviction list — and it gives one 130% upside
▼ + stars: | 2023-12-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs has unveiled its "conviction list" of top stock picks in Europe for December — and London-listed shares of BT Group stand out. Goldman Sachs expects BT's share price to more than double to 290 pence over the next 12 months. Wall Street rivals Morgan Stanley and JPMorgan also believe BT shares are mispriced as investors have undervalued its network arm, Openreach. Conviction list Other prominent stocks on Goldman's conviction list include Delivery Hero , Burberry , Bureau Veritas and Philips . Goldman notes that its conviction list should not be seen as a portfolio, as the stocks are not weighted.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Openreach, Terence Tsui, — CNBC's Michael Bloom Organizations: BT Group, BT, Wall, JPMorgan, Burberry, Veritas, Philips Locations: Europe, London

Signify's shares rose 5.6% to 28.16 euros at 1110 GMT on Friday, among top performers on Europe's benchmark STOXX 600 index (.STOXX). Signify did not disclose how many people would be affected by the revamp, but reiterated its aim to keep non-manufacturing costs within 25%-29% of sales. In the third quarter, its adjusted indirect costs as a percentage of sales increased by 160 basis points to 30.2%. "The new segment structure will also improve the disclosure and bring Signify closer to the customers, " it added. Signify's nominal sales fell by 13.8% in the third quarter hit by slow demand across its geographies, it said in October.

Persons: de, Eric Rondolat, Rondolat, Morgan, Diana Mandiá, Milla Nissi, Jane Merriman Organizations: REUTERS, Philips, Reuters, Thomson Locations: Eindhoven, Netherlands, China, Gdansk

☆ Philips investor Exor: company's problems are "solvable"
▼ + stars: | 2023-11-30 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

TURIN/AMSTERDAM, Nov 30 (Reuters) - The CEO of Exor NV (EXOR.AS), the largest shareholder in Dutch healthcare equipment maker Philips NV (PHG.AS), on Thursday said he continues to believe the company's problems are solvable. Exor owns a 15% stake in Philips. The recall wiped nearly two-thirds off Philips' stock market valuation and new CEO Roy Jakobs has said that resolving the issue is his top priority. Philips stock is currently trading at 18.77 euros, about 25 cents higher than before Exor announced its investment in August. Exor is the investment arm of Italy's Agnelli family, with investments in manufacturing, sport, media, fashion, healthcare and technology companies.

Persons: John Elkann, Exor, Elkann, Roy Jakobs, Philips, Italy's Agnelli, Guilio Piovaccari, Toby Sterling, Kirsten Donovan Organizations: Exor NV, Philips NV, U.S . Food, Drug Administration, Philips, Exor, Thomson Locations: TURIN, AMSTERDAM, Turin, U.S

☆ US FDA flags new problem with Philips machines, shares fall
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. The new issue identified by the FDA involves a humidifier used in the "DreamStation 2" sleep therapy device. "Philips Respironics is in discussions with the (FDA) regarding the reports," it said. Philips shares were down 6.7% at 18.26 euros by 0833 GMT. The FDA said it had received reports of people facing thermal issues such as fire, smoke, burns, and other signs of overheating while using Philips' DreamStation 2 CPAP machines.

Persons: Eva Plevier, Philips, Toby Sterling, Christy Santhosh, Diana Alvarez, Shailesh Kuber, Jan Harvey Organizations: Philips, REUTERS, U.S . Food, Drug Administration, FDA, ING, Thomson Locations: Dutch, Amsterdam, Netherlands, U.S, Bengaluru, Gdansk

It is the ideal way to celebrate the musician and civil rights activist, and the ideal gift for a music fan of any walk. Cost: $135SAY CHEESE: This one might give an audiophile a heart attack, but that doesn't make it any less adorable. The “Turntable Cheese Board" from Uncommon Goods is exactly what it sounds like — a cheese board designed to look like the most expensive, slick turntable, featuring a slate platter and hidden slicer in the one arm. Cost: $78HEAR IT LOUD: There's never a wrong time to upgrade headphones — in fact, it makes for a great gift. Cost: $47K-POP COOL: Far too often, holiday gift guides — even those specifically catering to music enthusiasts — fail to account for dedicated, artist-specific fandoms.

Persons: It'll, SIMONE, Nina Simone, Simon, Marc Masters, Harry Styles, Styles, ”, “, It's, Sony's, Barbra Streisand, ” She'd, Jimmy Fallon, Jacqueline Kennedy Onassis, Streisand, ” Streisand, I’m, Lol Tolhurst, Tim Burton, Edgar Allan Poe’s, Mary, Emily Brontë, Questlove, Tariq Trotter, a.k.a Organizations: ANGELES, Philips, Doubleday, Associated Press, Division, Bauhaus, Los Tigres Del, Grupo Frontera Locations: They're, longhand, Austin , Texas, Los Angeles, Los Tigres Del Norte, Banda

☆ Goldman Sachs: These 'conviction list' global stocks will benefit from a circular economy boom
▼ + stars: | 2023-11-14 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Rising commodity prices, increased regulation and a growing recognition of sustainability benefits are set to be "key catalysts" of the circular economy, Goldman Sachs said, naming its "conviction list" stocks to play the theme. The circular economy is a system that aims to keep materials and resources in use for as long as possible, with a focus on reuse, rather than dispose. Conviction list stocks The bank named a number of "key stocks exposed to the theme," including Dassault Systemes and SMC Corporation . Both are on the bank's "conviction list" of top buy-rated stocks. Other global stocks on Goldman's list of picks set to benefit from the circular economy include Japanese electronics giant Hitachi , Dutch conglomerate Philips and U.S. waste management company Republic Services , with all three also on the bank's conviction list.

Persons: Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: McKinsey, Accenture, United Nations Environment Program, Dassault Systemes, SMC Corporation, Dassault Systems, Hitachi, Philips, Republic Services

☆ ULA CEO says inaugural Vulcan rocket launch planned for December
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

RELATED VIDEOS07:52 ULA CEO says inaugural Vulcan rocket launch planned for December03:56 Royal Philips CEO: We see a strengthening of consumer demand and a upping of confidence04:54 Huntington Bancshares CEO: There's a risk to the economy slowing down as interest rates are up04:29 HPE CEO Antonio Neri: Here's why AI is a big opportunity for us03:05 Advance SF launches 'It All Starts Here' campaign for San Francisco04:13 Ivanhoe Cambridge CEO: We have to be ready for the opportunity the day interest rates stabilize

Persons: ULA, Antonio Neri Organizations: Vulcan, Royal Philips, Huntington Bancshares, San Francisco, Ivanhoe Cambridge

☆ Philips raises full-year outlook as Q3 profit jumps
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +1 min

Dutch health technology company Philips on Monday raised its full-year outlook as it beat analysts' expectations for third-quarter core profit and comparable sales. Core profit more than doubled to 457 million euros ($483.3 million), while comparable sales were up 11% at 4.5 billion euros as demand for its medical scanners, patient monitoring equipment and personal health devices increased. Despite the drop in orders, Philips said it now expected 6% to 7% comparable sales growth over 2023, with a profit margin (adjusted EBITA) of 10%-11%. Its previous outlook guided for mid-single digit sales growth with a high single digit profit margin. Analysts in a company-compiled poll had predicted adjusted July-September earnings before interest, taxes and amortisation would rise to 389 million euros from 209 million euros a year before, on 8% comparable sales growth.

Persons: Roy Jakobs, Philips Organizations: Philips, Reuters Locations: China

☆ Philips CEO: China is having a tough time, but it has 'very bright' prospects
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilips CEO: China is having a tough time, but it has 'very bright' prospectsPhilips CEO Roy Jakobs discusses the company's third-quarter results and the outlook for China.

Persons: Philips, Roy Jakobs Organizations: Philips Locations: China

☆ Royal Philips CEO: We see a strengthening of consumer demand and a upping of confidence
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Philips CEO: We see a strengthening of consumer demand and a upping of confidenceRoyal Philips CEO Roy Jakobs joins 'Squawk on the Street' to discuss whether Jakobs is seeing a change in global consumer demand, which markets have shown strength, and what has accounted for this strength.

Persons: Roy Jakobs Organizations: Royal Philips, Royal

☆ Insider Today: You should buy a house now
▼ + stars: | 2023-10-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementIn today's big story, we're looking at why it's a good time to buy a house. RichLegg/Getty ImagesIt's a pretty terrible time to buy a house these days, which is why it's a good time to buy a house. AdvertisementAdvertisementInsider's Jennifer Sor detailed why it's a good time to buy a house. Part of the issue is that mortgage rates won't magically drop overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: OpenAI's Sam Altman, Jennifer Sor, Jacob Zinkula, they're, that's, Gen Zers, who's, it's, Doug Haynes, Haynes, Steve Cohen's Point72, Leon Cooperman isn't, Arantza Pena Popo, carmakers, EVs, Tyler Le, Satya Nadella, Mathias Döpfner, Axel Springer, Jensen Huang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: FBI, RichLegg, Norias Research, Investments, Ameriprise, Insurance, Microsoft, Activision Blizzard, Nvidia, ZTE Corp, Philips, NBA Locations: West Palm Beach, Fla, Tokyo, Oklahoma City, New York City, San Diego, London, New York

☆ West’s latest China corporate risk: medical graft
▼ + stars: | 2023-10-23 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

An employee wearing a face mask is seen at a workshop of computed tomography (CT) scanners of medical device firm Siemens Healthineers in Shanghai, China, February 24, 2020. REUTERS/Aly Song Acquire Licensing RightsLONDON, Oct 23 (Reuters Breakingviews) - China corporate risk has spread to Western medical device companies. According to BMI analysts, about two-thirds of Chinese medical devices used by local hospitals and clinics are imported from Western groups. That implies a direct hit to the order and revenue growth for medical device firms. Domestic brands, which have historically lagged in the advanced end of the medical device market, took the whole of last decade just to hike their share from around 20% to 30%, Deloitte says.

Persons: Aly, Philips, George Hay, Oliver Taslic Organizations: Siemens, REUTERS, Reuters, Volkswagen, Philips, GE Healthcare, BMI, National Health Commission, Siemens Healthineers, Reuters Graphics Reuters, Deloitte, GE, Healthineers, Thomson Locations: Shanghai, China, People’s Republic, Beijing, United States

☆ Doctors are now prescribing doxy-PEP, a morning-after pill that helps prevent STIs like gonorrhea, chlamydia, or syphilis
▼ + stars: | 2023-10-21 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Taking doxy-PEP within 72 hours of unprotected sex has the potential to help anyone concerned about their risk of bacterial STIs, including chlamydia, gonorrhea, and syphilis, doctors say. More recently, studies have found it can reduce STI risk in certain groups. A study published in The New England Journal of Medicine earlier this year found that doxy-PEP reduced the risk for STIs like chlamydia. The medication is already approved for use in anyone 12 or older, and an updated CDC recommendation isn't necessary for doctors to prescribe it. Condoms are still importantThe CDC recommendation is in what's called a public comment period, which will last through mid-November.

Persons: aren't, —, Stephanie Cohen, Laura Purdy, Purdy, Doxycycline, gonorrhea, Dahlia Philips, chlamydia, Philips Organizations: CDC, Service, San Francisco Department of Public Health, San Francisco City Clinic, Associated Press, The New England, of, Care Locations: The, what's

Search resuls for: "philips"

25 mentions found