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As head of the WWE, Linda McMahon oversaw its transformation from a wrestling entertainment company into a publicly traded media empire. He also would often film his sexual abuse, according to the filing. Both Linda and Vince McMahon were aware of Phillips’ abuse, the lawsuit alleges. In 2023, the Maryland Child Victims Act, which repeals the statute of limitations in certain child sexual abuse civil lawsuits, became law. Linda McMahon worked in Trump’s first Cabinet as the administrator of the Small Business Administration before stepping down in 2019 to chair a pro-Trump super PAC.
Persons: Linda McMahon, Donald Trump, McMahon, Vince, McMahon —, Melvin Phillips Jr, Phillips, , John, “ Phillips, , Linda, Vince McMahon, Laura Brevetti, ” Brevetti, “ Ms, Vince McMahon “, ” Jessica Rosenberg, Rosenberg, Phillips ’, , , Philips, Greg Gutzler, DiCello Levitt, Murphy, Falcon, Trump’s, Katelyn Polantz Organizations: CNN, Department of Education, Wrestling Entertainment, WWE, Senate, Holdings, New York Post, Maryland Child, Small Business Administration, Trump, America, Policy Institute, TK Holdings, US, Office, of Locations: Connecticut, Baltimore County , Maryland, New York, Southern, of New York
ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.
Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, Locations: U.S, British
Organic revenue growth of 1% matched expectations. Management raised the midpoint of full-year earnings guidance despite the continued in weakness in China that has been hampering top-line organic growth. Bottom Line Results were mixed, but it comes as no surprise that the quarter was negatively impacted by weakness in China. The team continues to deliver for customers and we've seen PDx reports seven quarters of high-single-digit or double-digit organic revenue growth." Pharmaceutical Diagnostics (PDx) segment — used in radiology and nuclear medicine to deliver more precise diagnoses — was particularly strong, delivering segment revenue growth of 7% organically.
Persons: Peter Arduini, Arduini, We're, James Saccaro, Saccaro, GEHC, Jim Cramer's, Jim Cramer, Jim, Martin Schutt Organizations: GE Healthcare, Revenue, LSEG, Management, Pharmaceutical Diagnostics, General Electric, Philips, Siemens, U.S . Food, Drug Administration, GE Healthcare's, Care Solutions, CNBC, Getty Locations: China, U.S, Jena , Germany
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Trump accuses Taiwan of stealing businessFormer U.S. President Donald Trump accused Taiwan of stealing the country's chip business, he said on "The Joe Rogan Experience" podcast. Bernstein analyst Stacy Rasgon told CNBC the idea of Taiwan stealing the U.S.'s chip industry is "ridiculous." [PRO] Tech might be in trouble, chart showsThe bursting of the 2000 dot-com bubble was one of the worst moments ever for tech stocks.
Persons: Thomas Schäfer, Trump, Donald Trump, Joe Rogan, Bernstein, Stacy Rasgon Organizations: CNBC, Big Tech, Philips, Volkswagen, U.S, New York Stock Exchange, bourse, Intercontinental Exchange, Tech, Wolfe Research Locations: New York City, China, Germany, Taiwan
European markets were higher as trading began on Monday as investors reviewed the geopolitical situation in the Middle East. The pan-European Stoxx 600 was up 0.13% at 9:31 a.m. London time after paring back some of its earlier gains, with most regional bourses and sectors starting the week in positive territory. Media and construction and materials stocks added over 1% each, while oil and gas stocks fell around 2.3%.
Organizations: Media Locations: London
Robinhood — The fintech stock rose less than 3% after it said Monday that users will have the chance to trade a Kamala Harris or Donald Trump contract ahead of next week's presidential election. ON Semiconductor — The semiconductor product maker rose 5% after third-quarter earnings and revenue topped analyst estimates. Nutanix — The cloud infrastructure stock rose 4% following an upgrade to overweight from equal weight at Morgan Stanley. Moderna — Shares jumped after Moderna and Merck said they initiated a phase 3 trial investigating a treatment for non-small cell lung cancer. Moderna shares advanced 3.9%, while Merck was slightly higher.
Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, Israel, FactSet, Eugene Hsiao, Wolfe, Roy Jakobs, Nutanix, Morgan Stanley, Meta Marshall, Merck, Timothy Wojs, Aaon, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Sarah Min, Pia Singh Organizations: Spotify, U.S . Occidental Petroleum, Exxon, BP —, Citi, McDonald's, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The U.S, Delta Air Lines, CrowdStrike, Honeywell —, Philips —, , Moderna, Merck, Baird Locations: China, Atlanta
Philips cuts annual sales outlook as China demand deteriorates
  + stars: | 2024-10-28 | by ( ) www.cnbc.com   time to read: 1 min
Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook for the year. "In the (third) quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other regions," Chief Executive Roy Jakobs said in a statement. "China remains a fundamentally attractive growth market for Philips in the long term, with market conditions expected to remain uncertain." Philips now expects its comparable sales to grow by only 0.5% to 1.5% in 2024, down from previous forecast of 3% to 5% which it said would still be met in other regions.
Persons: Philips, Roy Jakobs Organizations: Philips Locations: China
Baltimore CNN —A new lawsuit alleges Vince McMahon knowingly enabled the sexual exploitation of children by a WWE employee in the 1980s. As early as 1992, New York Post columnist Phil Mushnick wrote about Phillips’ alleged abuse of Ring Boys at the WWE. The lawsuit alleges McMahon was aware of Phillips’ abuse of the children. Phillips would often film his sexual abuse of the underage Ring Boys on video camera, the lawsuit alleges. WWE founder Vince McMahon resigned from the WWE and its parent company TKO as executive chairman and board of directors following allegations of sexual assault in a Connecticut lawsuit.
Persons: Vince McMahon, , McMahon, Linda McMahon, Melvin Phillips , Jr, “ Phillips, , Phillips, Jessica Rosenberg, Phil Mushnick, Phillips ’, ” Rosenberg, Mushnick, John, , Philips, Janel Grant, John Moore, Donald Trump’s, Rita Chatterton Organizations: Baltimore CNN, WWE, Holdings, Boys, Small Business Administration, Street Locations: New York, Baltimore County , Maryland, Stamford , Connecticut, Connecticut
Check out our main Prime Day deals hub for sales, broken down into categories like tech, home and kitchen, style and beauty, and more. View at Amazon What we like Check mark icon A check mark. Easy-to-use Alexa voice controlCheck mark icon A check mark. This is a relatively new product on the market, and we're seeing the first ever sale during Prime Day. Check out our roundup of all of the best Prime Day deals , or browse Amazon's website for the full selection.
Persons: Dyson, Rocco, seltzer Organizations: Business, Deal, Samsung, Alexa Voice, Amazon, Shark, Dyson, Upright, Amazon Philips, Philips, Amazon Samsung
Learn moreThe October Prime Day event is almost over, and there are only a few hours left to get the best Amazon Prime deals. Below, we've compiled the 100+ best Prime Day deals you can get right now. Tech and gaming Prime Day dealsWhether you're an Apple aficionado looking for a good deal or a gamer yearning for a PS5, Prime Day has you covered. View at AmazonFor more highlights of Prime Day sales on Amazon products, check out our roundups of the best Prime Day Fire TV Stick deals and best Prime Day Amazon Echo deals. You can find the top sales in our guides to the best women's Prime Day clothing and shoes, men's Prime Day clothing and shoes, and Prime Day coach bags.
Persons: we've, there's, Bose, Apple, We've, it's, shams, Dyson, OmniForce, Bissell, Ashley Caitbrook, Ashley, you've, recyclables, callouts, Dyson Airwrap, , Gabrielle Chase, , wardrobes, Tabby, clogs, Pullover Organizations: Business, Amazon Prime, Apple, Samsung, PlayStation, LG, Amazon, Apple AirPods, Amazon Bose, Amazon LG, Tech, Sony, Google, Slim, Air, MacBook, Amazon Apple, Amazon Samsung Galaxy Watch, Galaxy Watch, Garmin, Amazon Samsung, Galaxy, Alexa, Kindle, Casper, Pillow, Dyson, Upright, Bissell, AMD, futon, Amazon Philips, Chatelet Air, DELTA, Delta, Philips, Adidas Locations: Amazon, Keurigs
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Persons: I've, I'm, we've, you've, vacuums, Jolene Loafer, Pullover, Taylor Organizations: Business, Deal, iRobot, Paris Chatelet Air, Alexa, Amazon, Amazon Philips, Taylor Tote
View at Amazon What we like Check mark icon A check mark. Attractive, vintage lookCheck mark icon A check mark. Checked bag and carry-on bag in one matching setCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Mini LEDs with local dimming enable excellent contrastCheck mark icon A check mark.
Persons: I've, I'm, we've, Jolene Loafer, Pullover, Loren, LQ Organizations: Business, Deal, iRobot, Paris Chatelet Air, Samsung, Dolby, Alexa, Amazon, Amazon Philips, Philips
Learn moreAs the Amazon Prime Big Deal Days event kicks off, so do Prime Day monitor deals. View at AmazonThe best Amazon Prime Day gaming monitor dealsThe Samsung Neo G9 is 36% off, a fairly common deal for this model, but it's also often found at full price. However, it retains HDR1000 certification, a 1000R certification, AMD FreeSync Premium Pro, and a 240Hz refresh rate. It also has a blazingly fast 360hz refresh rate, making this an ideal high-end gaming monitor. It also supports HDR10 but its contrast performance can't match that of an OLED monitor.
Persons: We've, it's, OLED Organizations: Business, Amazon Prime, Deal, Gamers, Philips, LG, Dell, AMD, Samsung, Asus, Amazon Samsung, Amazon LG, Amazon, Amazon Dell Locations: Amazon
Audio engineer Theo Browne recently criticized Apple's AirPods Max for their sound quality and price. Browne, a fan of the AirPods Pro, finds the mid-range sounds of the AirPods Max disappointing. AdvertisementYou don't have to look far to see Apple's AirPods Max headphones in the wild, whether it's on your morning commute or worn by someone on TikTok. In a tweet that has now received over 800,000 views, Browne even warned people: "Do NOT buy AirPods Max." Like the other AirPods, they said the AirPods Max offers an outstanding experience with active noise cancellation, spatial audio, and transparency modes.
Persons: Theo Browne, Apple's AirPods Max, Browne, Max, , Metronomy, weirdly, Douglas Stephens, Stephens, there's, Smart, Max Smart, they'll, Antonio Villas Organizations: Service, Apple, Ping Labs, Sony, Bose, Headphones.com, Bluetooth, Philips, Sony WH Locations: retails
The 12 core Investing Club portfolio stocks that we identified at our Annual Meeting in February are the 12 we still stand by. Wells Fargo Why we own it We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. Why we own it GE Healthcare is the global leader in medical imaging, diagnostics, and digital solutions in health care. Fed interest rate cuts can also help hospitals finance the MRI and CT scan machines that GE Healthcare is known for. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Eli Lilly, Jim, Wells, Charlie Scharf, He's, Scharf, Wells Fargo, Lilly, Jim Cramer's Organizations: Apple, Costco, GE Healthcare, Linde, Microsoft, Nvidia, TJX Companies, Bank of America, Citigroup, GE, General Electric, Philips, Siemens, Jim Cramer's Charitable, CNBC Locations: Danaher, Eaton, Wells Fargo
SpaceX's Crew Dragon capsule "Endurance" is seen during the Crew-3 mission for NASA on May 5, 2022. "I've been interested in space from a very young age … and for the first time, a private person can plan and design their own very personal mission," Wang told CNBC. Called "Fram2," an ode to the 19th-century polar expedition ship Fram, the mission is scheduled to launch near the end of this year. Wang said his proposal to SpaceX for the Fram2 mission came together after the historic private Inspiration4 flight in 2021. "We are trying to make the door wider and make people feel that everyone can have their own very personal space mission," Wang added.
Persons: Wang, I've, Jannicke Mikkelsen, Eric Philips, Rabea Rogge, Sir Ernest Shackleton's, Chun Wang, Mikkelsen, Chun, Organizations: NASA, CNBC, SpaceX, LinkedIn Locations: Tianjin, China, Malta, Svalbard, Norwegian, Australian, bitcoin, Longyearbyen, Alaska
GE Healthcare on Wednesday morning reported a mixed second quarter and shares initially moved sharply lower. Organic revenue growth was 1%. We saw a continued acceleration of Vizamyl doses delivered in the U.S. in the second quarter. This is still a small contributor to sales growth but gives us optimism about its sales potential over the next few years." As a result, we're lowering our total company full-year organic revenue growth guidance."
Persons: Philips, It's, Eli Lilly, GEHC, , Jay Saccaro, We're, Arduini, Peter Arduini, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: GE Healthcare, Management, Revenue, LSEG, General Electric, Philips, Siemens, Club, GE Healthcare YTD, GE Healthcare's, Care Solutions, Pharmaceutical Diagnostics, U.S, CNBC, Lightrocket, Getty Locations: China, Eisai, U.S
According to an S&P Global analysis, the global semiconductor industry consumed as much water in 2021 as the city of Hong Kong. Water consumption for chip fabs and data centers will rise as the demand for chips grows. The chip fabs stored the TCE underground, but tanks sometimes ruptured, leaking the chemical into the local groundwater and soil. Now, chip fabs must work with local governments to meet water management and waste disposal requirements. Several researchers are investigating ways to reduce and recycle water in chip manufacturing.
Persons: , Prakash Govindan, Steve Proehl, Packard, Govindan, he's, fabs, Paul Westerhoff, TSMC, Jensen Huang, Huang, Anuradha Murthy Agarwal, Agarwal Organizations: Service, Business, Intel, AMD, Philips, Hewlett, Environmental, Agency, Arizona State University, Micron, Nvidia, MIT's Materials Research Laboratory Locations: Hong Kong, Taiwan, American, Santa Clara , California, Valley's Santa Clara County, . Arizona, Colorado, Phoenix, Denver
We are selling 350 shares of GE Healthcare at roughly $82.79. Shares of the medical equipment maker GE Healthcare are off to a solid start this week, gaining roughly 3% while the S & P 500 index drifted lower. However, China remained a weak spot, as the government's anti-corruption campaign across the health-care sector led to a decline in orders. When GE Healthcare reports Wednesday before the opening bell, we expect to hear much of the same. While it is certainly possible that GE Healthcare trades higher on strong results in North America, like Philips, the stock frequently trades on sentiment in China.
Persons: Jim Cramer's, Philips, they've, it's, We'll, Jim Cramer, Jim Organizations: GE Healthcare, government's, Management, Philips, CNBC Locations: North America, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. settlement allows Philips to focus on bringing innovations to the market, CEO saysPhilips CEO Roy Jakobs talks through the firm's second-quarter earnings and how the settlement in the U.S. linked to the recall of some sleep apnea devices, will enable the firm to focus on bringing innovations to the market.
Persons: Roy Jakobs Organizations: U.S, Philips Locations: U.S
LONDON — European markets were poised to open higher Monday as investors digest U.S. inflation data and look ahead to another busy week of earnings and central bank meetings. The pan-European Stoxx 600 closed higher on Friday as a global stock selloff eased and investors reacted to a U.S. personal consumption expenditures price print that came in in line with expectations. The slew of earnings releases continues this week, with Heineken, Philips, Pearson and Associated British Foods all reporting during the session. Asia-Pacific markets climbed on Monday, with Japan's Nikkei 225 leading gains in the region as the U.S. inflation print raised hopes for a rate cut. U.S. stock futures, meanwhile, were also higher ahead of a continued slew of corporate earnings stateside.
Organizations: Heineken, Philips, Pearson, British Foods, Federal Reserve, Bank of England, Japan's Nikkei Locations: Asia, Pacific
Comparable group sales rose 2% to 4.5 billion euros ($4.88 billion), as demand in North America held strong, even as China sales dipped. Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. CEO Roy Jakobs told CNBC that he was encouraged by the "robust" second-quarter results, adding that he had "strong confidence" that the company would meet its full-year guidance of comparable sales growth of 3-5%. The company reported a number of cost savings over the period, including productivity savings of 195 million euros across operating model savings of 57 million euros, procurement savings of 71 million euros, and other programs' savings of 67 million euros. Jakobs said the settlement brings "finality" to the U.S. case, and will allow the company to return its focus to innovation.
Persons: Philips, Roy Jakobs, Jakobs Organizations: CNBC, Philips, Reuters, U.S Locations: North America, China, London
View at AmazonThere are even more options for Prime Day Apple Watches, and Prime Day iPads still available in our other guides. For an extensive breakdown divided up by size, see our full roundup of Prime Day TV deals. View at AmazonThere are even more sleep deals where those came from — check out our roundups of the best Prime Day mattress deals and Prime Day pillow deals. Do I need to be an Amazon Prime member to buy Prime Day deals? Amazon Prime Day deals are comparable to Black Friday and Cyber Monday, with the main difference being that Amazon is the only participating retailer.
Persons: Siri, They're, you’ll, Jonathan Adler, it's, dehumidifier, vacs, Fryer, Foodi, Fry, fryer, MagSafe, Kate Spade, they're, Bose Smart, Ray Soundbar, Ray, Anker, Amazon Nathan James Hugo Wood Nightstand, Nathan James, Inaba, waddle, Dyson, , Gabrielle Chase, , we've, haven't Organizations: Business, Amazon, Apple, Amazon Apple, Apple Health, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Toshiba, LG, Dell, Galaxy, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Nintendo, Nova, Nova Pro, Logitech, Lightspeed, Mac, lounging, Amazon Canada, packers, Amazon Fisher, Prime, Chatelet Air, Dyson, Amazon Philips, Philips, Amazon Prime, Deal Locations: PopSockets, York
Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.
Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, , Gabrielle Chase, , haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York
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Persons: Reddit, Dyson, We've, It's, we've, Anker, Philips Organizations: Business, Amazon, nutritionists, Apple, Pro, SBC, AAC SBC, Philips
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