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In fact, some 63% of U.S. adults sleep less than the recommended seven to nine hours a night, according to the National Sleep Foundation's Sleep Health Index. There are a myriad of products in the sleep arena — from mattresses and sleep supplements to sleep apnea devices and tech wearables that track sleep. Treating sleep conditions Health conditions can also impact the ability to get a good night's rest, like insomnia and sleep apnea. Obstructive sleep apnea causes breathing to be interrupted during sleep. About half of those surveyed in its obstructive sleep apnea patient survey in July said they had never heard of Inspire.
Persons: Anna Pione, they'll, Seth Basham, Basham, Tempur Sealy, " Basham, It's, Stefano Natella, Natella, it's, Ollie, Seamus Fernandez, Philip's, Philips, Eli Lilly, Eli Lilly's, Guggenheim's Fernandez, Michael Farrell, we've, Fernandez, Novo, wearables, Gene Munster, Jason Ware, Ware, Pione, Michael Bloom Organizations: McKinsey, International Sleep Products, Sealy International, Mattress, Sealy, Centers for Disease Control, Guggenheim, CDC, Unilever, American, of, Care, American Medical Association, Bank of America Securities, Medical Systems, Bank of America, Inspire, Novo Nordisk, Garmin, Apple, Deepwater Asset Management, Apple Watch, Albion Financial, Munster Locations: U.S, dreamland, Mizuho, Novo
They are buoyed by experts who say the arsenic risk is overblown, the mounts nothing short of art. The Endangered Species Act protects animals even in death, so the collection can’t be sold. But by the time he died in 1978, international laws and the Endangered Species Act were cracking down. In August, the results came back: 79% of specimens tested positive for detectable levels of arsenic, the city said. With protective gear, taxidermy can be moved safely despite arsenic, said Jennifer Menken, the public collections manager at the Bell Museum of Natural History.
Persons: , , John Janelli, Fran Ritchie, Gretchen Anderson, Dave Pfeifle, Henry Brockhouse, , Becky Dewitz, Jennifer Menken, Paul, encasing, Christina Meister, Dewitz, she's, Paul TenHaken, Barbara Philips, Jason Haack, Abby Normal’s, ” Haack Organizations: Sioux Falls City Council, National Taxidermists Association, Society for, Carnegie Museum of, Sioux Falls, West Sioux Hardware, Plains, The Associated Press, Bell Museum of, University of Minnesota’s, National Wildlife, U.S . Fish, Wildlife Service, City, Abby Normal’s Museum, City Council Locations: South, Sioux Falls, Pittsburgh, China, University of Minnesota’s St, Denver, U.S
New York CNN —A New Jersey court ordered Starbucks to pay an additional $2.7 million to a former employee who successfully sued the company for wrongful termination, claiming she was fired for being White. In June, a jury had ruled in favor of Shannon Philips, who worked at Starbucks as regional director over the Philadelphia area. In an order Wednesday, Judge Joel Slomsky said Starbucks has to make the additional payment for damages. Starbucks did not have a comment about the order Wednesday, but said in June that it was disappointed in the decision. In that suit, Phillips said that when Starbucks fired her following the arrest, it was discriminating against her because of her race.
Persons: Shannon Philips, Judge Joel Slomsky, Phillips, Starbucks “, White, , ” Phillips, — CNN’s Kristina Sgueglia, Laura Ly, Zenebou Sylla Organizations: New, New York CNN, Starbucks, Philadelphia Starbucks, City, Partner Resources Locations: New York, New Jersey, Philadelphia, City of Philadelphia
AMSTERDAM, Aug 17 (Reuters) - Investment company Exor (EXOR.AS) was able to build a 15% stake in Dutch healthcare group Philips (PHG.AS) without triggering the usual disclosures thanks to derivatives deals through Goldman Sachs, regulatory filings show. Exor's investment was seen as a vote of confidence in Philips and boosted the Dutch company's shares. Filings by the Dutch Financial Market Authority AFM dated Aug. 14 but published late on Wednesday showed Goldman Sachs had taken an 12.11% stake in Philips using a derivatives structure that included 95 million call options. Sources confirmed to Reuters earlier this week that Goldman Sachs acted on behalf of Exor but could not give more details. Exor and Goldman Sachs (GS.N) declined to comment.
Persons: Goldman Sachs, Italy's Agnelli, Roy Jakobs, Exor, Allen, Overy, De Brauw, Philips, Toby Sterling, Pablo Mayo Cerqueiro, Andres Gonzalez, Valentina Za, Victoria Farr, Jane Merriman Organizations: Investment, Philips, Dutch, US Securities and Exchange, Reuters, Overy, Thomson Locations: Philips, Dutch
High services costs make UK rate-cutting laggard
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
Governor of the Bank of England Andrew Bailey speaks as he attends a press conference for the Monetary Policy Report August 2023, at the Bank of England in London, Britain, August 3, 2023. Alastair Grant/Pool via REUTERS Acquire Licensing RightsLONDON, Aug 16 (Reuters Breakingviews) - UK inflation is slowing, according to many metrics. Unfortunately, those are not the ones the Bank of England values the most. Prices in that category grew 7.4% in July, faster than June’s 7.2%, due to more expensive restaurants, hotels and airfares. Policymakers keep a close eye on services’ prices and wage growth, which hit a record in the three months to June.
Persons: Bank of England Andrew Bailey, Alastair Grant, Andrew Bailey, Bailey, Francesco Guerrera, Exor’s Philips, Bain, Neil Unmack, Streisand Neto Organizations: Bank of England, Monetary, REUTERS Acquire, Reuters, Bank of, Office, National Statistics . Services, European Central Bank, U.S . Federal Reserve, Twitter, FC Barcelona’s, Messi, Thomson Locations: London, Britain, Bank of England, June’s
TPG dangles messy end for EY’s loveless marriage
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
On Monday, the Financial Times reported that private equity firm TPG (TPG.O) had approached EY about buying a stake in its consulting arm. Back in May of last year when EY’s split was leaked to the press, valuations were much more attractive. If TPG pushes for a full breakup, EY would still have to work out how to divvy up its tax advice business between audit and consulting. Given the challenges, EY may well decide it’s better to soldier on with an awkward marriage than risk a messy divorce. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: EY’s, EY, Aimee Donnellan, Exor’s Philips, Bain, Neil Unmack, Oliver Taslic Organizations: Reuters, Financial Times, TPG, Big, Partners, Twitter, Thomson
Sea sails recklessly into choppy e-commerce waters
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
Singapore-based Sea Limited Chairman and CEO Forrest Li, speaks during an interview with CNBC following his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 20, 2017. REUTERS/Brendan McDermid Acquire Licensing RightsHONG KONG, Aug 16 (Reuters Breakingviews) - Sea's (SE.N) boss Forrest Li has picked a turbulent time to rock the boat. But Li's declaration on Tuesday that it's time to "ramp up" investments again risks wiping out the hard-earned investor goodwill. Despite Li's assurances that Sea will keep emphasising self-sufficiency and cost efficiencies, investors promptly erased some $10 billion, or 29%, in market value. In July, the latter injected $845 million into its Southeast Asian arm, signalling a price war may be on the horizon.
Persons: Forrest Li, Brendan McDermid, HONG KONG, Li, China's Alibaba, Robyn Mak, Exor’s Philips, Bain, BoE, Antony Currie, Thomas Shum Organizations: CNBC, New York Stock Exchange, REUTERS, Reuters, HK, Twitter, FC Barcelona’s, Messi, Thomson Locations: Singapore, New York, U.S, HONG, York
Target investors misread bullseye
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Aug 16 (Reuters Breakingviews) - Target (TGT.N) had some luck hitting the bullseye this quarter. Target is getting its inventory in shape after a glut of products from last year caused it to slash prices. Still, the company slashed its sales and profit outlook as shoppers continue to spend more on food. E-commerce sales slumped nearly 11% – well below the overall sales decline of 5%. Target may well be beholden to consumer behavior, but it can steady its aim to hit marks under its control.
Persons: Brian Cornell, Jennifer Saba, EY’s loveless, Exor’s Philips, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Twitter, TPG, Thomson
Salesforce cage-rattlers leave in profitable peace
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +2 min
Acquire Licensing RightsNEW YORK, Aug 15 (Reuters Breakingviews) - For activist investors in Salesforce (CRM.N), the low-hanging fruit should suffice. Fast growth and big-ticket acquisitions that Salesforce boss Marc Benioff had pursued turned anathema last year. The stock price roughly halved, falling faster than the Nasdaq-100 Technology Sector Index (.NDXT). Benioff eventually acquiesced, slashing 10% of the workforce, disbanding the deals committee and unveiling a $20 billion stock buyback plan. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Porte, Jeff Smith’s, Dan Loeb’s, Marc Benioff, ValueAct, Benioff, Jonathan Guilford, Exor’s Philips, Bain, BoE, Jeffrey Goldfarb, Sharon Lam Organizations: Viva Technology, Porte de, Reuters, Big Tech, Nasdaq, Profit, Elliott Investment Management, Twitter, FC Barcelona’s, Messi, Thomson Locations: Paris, France, Salesforce, Salesforce’s
CNBC Daily Open: Tech is back
  + stars: | 2023-08-15 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundU.S. stocks started the week on a positive note, thanks to a rebound in chipmakers and technology stocks. Back to golf, not bankingGoldman Sachs' former CEO Lloyd Blankfein can't imagine returning to his old firm, he told CNBC. The Fed, in turn, will begin lowering interest rates before the end of June 2024, the bank forecast.
Persons: Morgan Stanley, Goldman Sachs, Lloyd Blankfein, Blankfein, China's, Russia's staunchest Organizations: CNBC, Tech, Philips, Nvidia, New York Times, Beijing, West, Federal Reserve Locations: chipmakers, China, Ukraine, Russia
Philips Can Recover From Its Health Crisis
  + stars: | 2023-08-14 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: philips
[1/2] Philips Healthcare headquarters is seen in Best, Netherlands August 30, 2018. The group combines two of the three sectors Exor targets in its investment strategy: healthcare and technology. While not an activist investor, Exor aims to play an active role in supporting Philips' strategy, the source said. "Exor's substantial investment underlines their confidence in Philips' transformation into a healthcare technology company and its growth and value potential," Philips Chairman Feike Sijbesma said in a statement. Philips last month reported core profit of 453 million euros and slightly upgraded financial targets for the full year.
Persons: de, Exor, Italy's Agnelli, Philips, Feike Sijbesma, John Elkann, Lifenet, Louboutin, Roy Jakobs, Valentina Za, Kim Coghill, David Goodman, Susan Fenton Organizations: Philips Healthcare, REUTERS, Philips, Philips AMSTERDAM, Exor, Institut, Ferrari, Italian soccer, Juventus, ING, U.S . Department of Justice, Thomson Locations: , Netherlands, Exor, Louboutin . New York, Italian, Milan
Exor’s Philips bet looks well-timed
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
The Agnelli family’s investment company on Monday said it bought a 15% stake in the toothbrushes-to-defibrillators group for 2.6 billion euros ($2.8 billion). Philips’ shares are down some 62% since the peak in April 2021, and it now looks much cheaper than the sum of its parts. Based on peer multiples, its diagnostics business could be worth 14 times 2024 EBITDA, while its connected care unit, which helps hospitals manage patient data, might be valued at 18.5 times EBITDA. Lastly, throw in the consumer division, which makes toasters and TVs, and could fetch 12 times EBITDA. Using Refinitiv forecasts, that would imply a total enterprise value of 33 billion euros, and equity of some 24 billion euros, after taking off debt and 2.4 billion euros for legal costs estimated by Bernstein analysts.
Persons: John Elkann, Agnelli, Philips ’, EBITDA, Bernstein, Roy Jakobs, Philips, Karen Kwok, Bain, BoE, Neil Unmack, Streisand Neto Organizations: Reuters, Koninklijke Philips, U.S . Department of Justice, Philips, Twitter, FC Barcelona’s, Messi, Siemens, Thomson
However, the pharmaceutical companies are making the case that weight loss can improve health, and possibly lower health-care costs over time. But analysts have said the news isn't all bad for such stocks, and many were fell too low on Tuesday. Deutsche Bank analyst Imron Zafar estimated Thursday that bariatric surgery accounts for about 5% of Intuitive Surgical's U.S. robotic surgery business, but has been driving much of the company's growth. Some of the surgeons Zafar spoke with said any drop off in bariatric surgery was likely to be offset by increased use of the robot for other procedures. But they expect the drugs will remain necessary because GLP-1 drugs have yet to show they improve fibrosis, which is associated with NASH.
Persons: nonalcoholic steatohepatitis, NASH, Abbott, Robbie Marcus, Marcus, Marcus doesn't, Goldman Sachs, Goldman, Stryker, Smith, Zimmer Biomet, Bariatric, Imron Zafar, Zafar Organizations: Novo Nordisk, Abbott Laboratories, CNBC, JPMorgan, Companies, Inspire Medical Systems, Resmed, Philips, Nephew, Deutsche Bank, Madrigal Pharmaceuticals, Sagimet Biosciences, Akero Therapeutics, Terns Pharmaceuticals, Viking Therapeutics, Madrigal Locations: U.S
Spurs sign Dutch defender Van de Ven from Wolfsburg
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +1 min
Aug 8 (Reuters) - Tottenham Hotspur have signed Dutch centre back Micky van de Ven from German side Wolfsburg on a six-year contract, the Premier League club said on Tuesday. At Wolfsburg, the defender was deployed in a back three as well as a back four as the club finished eighth. "We are delighted to announce the signing of Micky van de Ven from VfL Wolfsburg, subject to international clearance and work permit," Spurs said in a statement. Van de Ven follows the permanent signings of James Maddison, Pedro Porro, Guglielmo Vicario, Manor Solomon and Ashley Philips. Spurs open their Premier League campaign away at Brentford on Sunday.
Persons: Micky van de, Van de Ven, James Maddison, Pedro Porro, Guglielmo Vicario, Manor Solomon, Ashley Philips, Rohith Nair, Christian Radnedge Organizations: Tottenham Hotspur, Wolfsburg, Premier League, Bundesliga, VfL Wolfsburg, Spurs, Manor, Brentford, Thomson Locations: Dutch, Wolfsburg, Netherlands, Bengaluru
Want to work in tech? Don't work in tech.
  + stars: | 2023-08-08 | by ( Tien Tzuo | ) www.businessinsider.com   time to read: +8 min
I advise young engineers today to work for Fortune 500 companies, not Big Tech. Today, however, he's working on a project for a different kind of tech company: John Deere. There is no magic at Big Tech companies, there's only money. And Fortune 500 companies simply don't have the luxury of buying talent just to park it. Today, all companies are tech companies, and they all want to see more recurring revenue in their business models, which means they need smart, restless engineers.
Persons: moonshots, Jon Weisz, John Deere, Weisz, Peter Thiel, that's, Philips, Ford, Tien Tzuo, Tzuo Organizations: Fortune, Big Tech, Corporations, Oracle, Apple, Nike, Honeywell, Volvo, Boeing, Whirlpool, Technologists, Facebook, Consumer, SEI, Microsoft, EV, Cornell, Stanford Locations: Columbia, Baltimore, Hulu, Atlanta, Salesforce
Incandescent light bulb ban: What you need to know
  + stars: | 2023-08-01 | by ( David Goldman | ) edition.cnn.com   time to read: +3 min
New York CNN —America’s ban on incandescent light bulbs, 16 years in the making, is finally a reality. That effectively outlaws the manufacture and sale of common incandescent bulbs, the kind you screw into the vast majority of light sockets in your home. That’s because traditional incandescent bulbs provide just 15 lumens per watt, according to light bulb manufacturer Philips. Not all incandescent light bulbs are banned as part of the new rule, according to the Department of Energy. The ban caps off a decades-long bipartisan effort to ban incandescent bulbs that started in the Bush administration.
Persons: New York CNN —, Trump, Biden, Joe Biden’s, Bush, Donald Trump’s, Obama, Republicans “, CNN’s Ella Nilsen Organizations: New, New York CNN, Joe Biden’s Department of Energy, Philips, Department of Energy, Energy Department, US Energy Information Administration, Republicans Locations: New York
July 26 (Reuters) - Private equity firms Haveli Investments and General Atlantic have agreed to acquire business software vendor Certinia from Advent International for nearly $1 billion including debt, according to people familiar with the matter. Haveli, which was launched by former Vista Equity Partners president Brian Sheth, and General Atlantic will buy Advent's majority stake in Certinia as well as a minority stake held by Technology Crossover Ventures (TCV), the sources said. Haveli, General Atlantic and Advent declined to comment. Austin, Texas-based Haveli has invested in some technology ventures since it was launched by Sheth in 2021. Haveli has launched a fund seeking more than $3 billion for software deals, which will include this one.
Persons: Brian Sheth, Salesforce, Milana Vinn, Anirban Sen, Jamie Freed Organizations: Haveli Investments, General Atlantic, Advent International, Vista Equity Partners, Technology Crossover Ventures, Certinia, Siemens, Hewlett Packard Enterprise, Cisco Systems, Philips, Sheth, Haveli, Apollo Global Management, Thomson Locations: Certinia, Haveli, General, Jose , California, Austin , Texas, New York
SummaryCompanies Order intake down 8% in April-June periodQ2 EBITA 453 mln eur vs forecast 394 mln2023 EBITA margin now seen at upper end of provided rangeShares fall 5%July 24 (Reuters) - Health technology group Philips (PHG.AS) posted a fourth straight drop in order intake on Monday and warned that it expects global market conditions to remain highly uncertain, sending its shares down 5% from a recent 12-month high. The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, said order intake had decreased 8% in the April-June period, the fourth quarterly fall in a row. Philips generates 15% of group sales in the People's Republic. New licensing requirements for its healthcare products in Russia were responsible for half the quarterly order decline, Jakobs said. ($1 = 0.8992 euros)Reporting by Diana Mandiá; Editing by Kirsten Donovan and David HolmesOur Standards: The Thomson Reuters Trust Principles.
Persons: Roy Jakobs, Jakobs, Philips, Abhijit Bhattacharya, Diana Mandiá, Kirsten Donovan, David Holmes Organizations: Health, Philips, European Union, ING, Thomson Locations: Amsterdam, United States, China, East, Turkey, Latin America, People's Republic, Russia, Ukraine
(Photo by Beata Zawrzel/NurPhoto via Getty Images)Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expected jump in second-quarter core earnings thanks to better supply chains, a strong order book and efficiency measures. For the full year, it now expects a mid-single-digit comparable sales growth versus its previous guidance of a low-single-digit growth. Its adjusted EBITA margin is now seen at the upper end of its previously forecasted high-single-digit range. Philips, which is facing lawsuits over its recall of respiratory devices, said it had produced approximately 99% of the new replacement respiratory devices and repair kits required for the remediation of the registered affected devices. "Completing the Philips Respironics field action remains our highest priority.
Persons: Beata Zawrzel, Roy Jakobs Organizations: Philips, Getty Images, U.S . Department of Justice Locations: Warsaw, Poland, Amsterdam
London CNN —Ryanair is planning to connect major airports in Ukraine to almost two dozen European capitals within weeks of the country’s airspace reopening when the war ends. Ryanair (RYAAY) said in a statement Thursday it would offer flights to and from Ukraine within eight weeks of that happening. Speaking from Kyiv, Ryanair CEO Michael O’Leary said the carrier would “charge back” into Ukraine after the war. “The visit of Ryanair senior management to Boryspil Airport is a powerful signal that the largest airline in Europe sees huge potential in the Ukrainian air transport market,” said Boryspil International Airport CEO Oleksiy Dubrevskyy. The move highlights Ukraine’s sustained efforts to court international investors, as it plans for its future after the war.
Persons: Michael O’Leary, O’Leary, , , Oleksiy Dubrevskyy, Philips —, Volodymyr Zelensky Organizations: London CNN, Ryanair, Boeing, European Union Aviation Safety Agency, European Union, Kherson —, Boryspil, Boryspil International, Conference, Citi, Sanofi, Philips, BlackRock, JPMorgan, Ukraine Development Fund Locations: Ukraine, Kyiv, Lviv, Odesa, Kharkiv, Kherson, , Ukrainian, Europe, London
ASML to hire 100 researchers leaving Philips
  + stars: | 2023-07-18 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, July 18 (Reuters) - Dutch semiconductor equipment maker ASML (ASML.AS) will hire 100 researchers who are leaving Philips (PHG.AS), the companies said on Tuesday. ASML was founded as a joint venture between Philips and ASM International (ASMI.AS) in 1984 and has become Europe's largest technology company by market capitalisation. Philips, a former industrial conglomerate that now focuses on medical technology, has been retrenching and cutting staff after a major recall of respiratory devices. The employees switching companies are from Philips' Engineering Solutions division, including staff working on "mechatronics", the integration of mechanical control systems into electronics. ASML hired a net 7,000 employees in 2022, adding almost 20% to its global workforce, but it is expected to slow that pace this year.
Persons: ASML, Toby Sterling, David Goodman, Jonathan Oatis Organizations: Philips, ASM International, Engineering Solutions, Thomson Locations: AMSTERDAM, Financieele Dagblad, ASML
You can save a mind-blowing 44% on a 3-pack of Philips Hue smart light bulbs. Grab this rare deal on Philips Hue smart lightsDeal icon An icon in the shape of a lightning bolt. Lowest Price Philips Hue White and Color Ambiance A19 E26 Smart Bulb Kit (3-Pack) This 3-pack of Philips Hue white and color smart light bulbs can help smarten up your dorm, apartment, or home. $75.99 from Amazon Originally $134.99 Save 44%This dorm room idea is a smart light bulb momentAt 44% off, this 3-pack bundle offers each Philips Hue smart light bulb for just over $25. If you passed on Philips Hue bulbs in the past due to the hub requirement, you'll be delighted to learn that it's no longer mandatory.
Persons: Price Philips Hue, you'll, it's, you've Organizations: Philips, Price Philips, Amazon, Google Locations: Philips Hue, Hue
We always see great Amazon Prime Day deals on kitchen products, and trendy air fryers are no exception. Top 4 air fryer dealsThe best Prime Day deals for air fryersYou can cut down on using oils and fats by cooking with an air fryer. Deal Dreo Aircrisp Pro Air Fryer The Dreo Aircrisp Pro Air Fryer uses space efficiently, making perfect wings and fries without taking up too much counter real estate. Deal Chefman Digital Air Fryer (5 Qt) The Chefman Digital Air Fryer is a great option for those who want to cook more in their air fryer without it taking up too much countertop space. Great Price Dash Tasti Crisp Electric Air Fryer For meals of one or two servings, this compact air fryer is the perfect choice.
Persons: fryer, James Brains, Pro Air Fryer, it’s, Fryer, it's, Price Dash Tasti, haven't Organizations: Amazon Prime, Pro Air, Amazon, Price Philips, Philips, Smart, Digital Air Fryer, Digital, Price Dash Tasti Crisp, Air, Omni
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Persons: We've, fryer, James Brains, Pro Air Fryer, it’s, Fryer, it's, Price Dash Tasti Organizations: Amazon Prime, Oster, Fryer, Oster Digital, Amazon, Pro Air, Price Philips, Philips, Quart, Smart, Digital Air Fryer, Digital, Price Dash Tasti Crisp, Air, Instant
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