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☆ Philips slightly raises 2023 outlook after second-quarter core profit beat
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: +2 min

(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

☆ 5 OnlyFans creators trying make the jump to a mainstream influencer career explain how they land brand deals and navigate social platforms
▼ + stars: | 2023-07-12 | by ( Nhari Djan | ) www.businessinsider.com time to read: +7 min

OnlyFans creator Jenna Foxx, who's been in the adult-entertainment industry since 2017, created a new social-media identity to attract potential deals and partnerships. For OnlyFans creators who want to break into the mainstream, brand deals are key. "Some creators can't turn off the adult side, so that's kind of sticky for mainstream brands." Chloe said even brands selling sex toys or lingerie can be reticent to work with OnlyFans creators. It makes it even harder for them to get the attention of mainstream brands.

Persons: It's, Jenna Foxx, who's, Foxx, Hannah, Miley Cyrus, OnlyFans, Harper Wilde, Chloe Sasha, —, she's, Chloe, they'd, Taylor Gunner, I've, Justine Jakobs, influencer Justine Jakobs, Rae Richmond, Richmond, Gunner, she'd Organizations: Disney Channel, Spanish, Twitter, Marine Locations: Hannah Montana

☆ To make the jump from OnlyFans to a mainstream influencer career, some creators have to live a double life: 'It's my Hannah Montana lifestyle'
▼ + stars: | 2023-07-10 | by ( Nhari Djan | ) www.businessinsider.com time to read: +7 min

☆ Philips’ convalescence has way longer to run
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

Adjusted earnings before interest, taxes and amortisation of 359 million euros beat analysts’ average estimate of 226 million euros, per Visible Alpha data. The recall of faulty breathing devices and ventilators means Philips needs to set aside another 575 million euros for lawsuits on top of over 1 billion euros last year, but that’s less than Bernstein analysts’ expectation of 2.4 billion euros. Still, probes by the U.S. Department of Justice and further claims from injured patients mean Philips may need to cough up more money. Jakobs still faces some fundamental questions: Philips’ 7% EBITA margin last year was way off rival Siemens Healthineers’ (SHLG.DE) 18%. That explains why the latter trades on 28 times its 2023 earnings, versus Philips’ 19 times.

☆ Philips makes $631 mln provision for recall litigation costs
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +1 min

Companies Koninklijke Philips NV FollowAMSTERDAM, April 24 (Reuters) - Dutch health technology company Philips (PHG.AS) on Monday said it had set aside 575 million euros ($631 million) for possible litigation costs related to its global recall of respiratory machines. Amsterdam-based Philips is grappling with the fallout of a global recall of millions of respirators used to treat sleep apnoea, announced in June 2021 over worries that foam used in the machines could become toxic. The recall has knocked off around 70% of Philips' market value over the past two years as investors fear the costs of a string of lawsuits launched by concerned patients. Philips is still working on a settlement with the U.S. Food and Drug Administration (FDA) and is subject to an investigation by the U.S. Department of Justice. Philips also reported much better-than-expected first-quarter results, as core profit jumped almost 50%, to 359 million euros, and comparable sales were 6% higher than a year before.

☆ Philips expects to reach recall settlements this year
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

Companies Koninklijke Philips NV FollowAMSTERDAM, March 30 (Reuters) - Dutch health technology company Philips (PHG.AS) expects to reach settlements this year relating to its global recall of respiratory devices, CEO Roy Jakobs said in an interview with Dutch financial daily FD published on Thursday. "I think we can at least reach a settlement on economic damages this year," Jakobs said without giving details on the expected costs. Jakobs added he "hopes and expects" to also reach a settlement with the U.S. Food and Drug Administration this year. A settlement with patients who claim the use of the recalled machines made them sick probably will take longer, he said. The economic damages claim was made by people, hospitals and health plans who say they suffered economic losses when the millions of machines were recalled.

☆ Philips to cut 13% of jobs in safety and profitability drive
▼ + stars: | 2023-01-30 | by ( Bart H. Meijer | ) www.reuters.com time to read: +3 min

The new reorganisation brings the total amount of job cuts announced by new Chief Executive Roy Jakobs in recent months to 10,000, or around 13% of Philips' current workforce. Philips shares traded up 5.5% at 0855 GMT, helped by fourth-quarter earnings which were much better than expected. "What we present today I think is a very strong plan to secure the future of Philips. Jakobs said patient safety would be put "squarely at the center" of the new organization. To improve profitability while investing in safety, innovations will be targeted at "fewer, better resourced, and more impactful projects", Jakobs said.

☆ Philips revenues beat expectations despite supply chain volatility, CEO says
▼ + stars: | 2023-01-30 | 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 revenues beat expectations despite supply chain volatility, CEO saysRoy Jakobs, CEO of Philips, discusses Q4 earnings for the company and the strategy to improve supply chain shortages and the overall company's profitability.

☆ Philips scraps 6,000 jobs in drive to improve profitability
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: +1 min

Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value. Half of the job cuts will be made this year, the company said, adding that the other half will be realized by 2025. "We have been working very hard to refocus on health technology, and we have now built a very strong portfolio there where we have 70% of number one or two positions," he also told CNBC. "But we have not been extracting the value out of those segments because we did not execute well. So the strategy I present today is very much focused on organic growth, focusing on the portfolio that we have and getting the most out of them."

☆ Philips says tests on recalled products show limited health risks
▼ + stars: | 2022-12-21 | by ( Bart H. Meijer | ) www.reuters.com time to read: +3 min

[1/2] Logo of Dutch technology company Philips is seen at its company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File PhotoSummarySummary Companies Philips: Tests show DreamStation devices unlikely to cause harmFoam degradation more likely if unauthorised cleaners usedShares up 3.5%, after recall wiped 70% off market valueAMSTERDAM, Dec 21 (Reuters) - Dutch health technology company Philips (PHG.AS) said on Wednesday independent tests on its respiratory devices involved in a major global recall had shown limited health risks. Philips had already said earlier this year that tests indicated foam degradation was very rare and was linked to the use of unauthorised ozone-based cleaning products. It said further tests now showed machines cleaned with those products were 14 times more likely to have significant visible foam degradation than those treated with authorised products. The U.S. Food and Drug Administration (FDA) is still considering the results and "may reach different conclusions", Philips said.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ Croatia beats Japan on penalties to reach World Cup quarterfinals
▼ + stars: | 2022-12-05 | by ( Ben Church | ) edition.cnn.com time to read: +28 min

CNN —Goalkeeper Dominik Livaković made himself a national hero as Croatia beat Japan on penalties 1-1 (3-1) to reach the World Cup quarterfinals. Marko Djurica/ReutersJapan’s heartbreakDespite its defeat, Japan can look back at an impressive World Cup campaign. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Mbappé was one of the leading stars of the team's World Cup triumph four years ago. He also became just the third goalkeeper to save three penalties in a single World Cup shootout.

☆ France reaches World Cup quarterfinals with 3-1 victory over Poland as Kylian Mbappé breaks Pelé’s record
▼ + stars: | 2022-12-04 | by ( Matias Grez | ) edition.cnn.com time to read: +30 min

CNN —France was made to work hard for its place in the World Cup quarterfinals, overcoming an improved Poland side 3-1 thanks to goals from Olivier Giroud and Kylian Mbappé. That is Mbappé’s fifth goal of Qatar 2022 and already his ninth World Cup goal overall, breaking Pelé’s record of seven World Cup goals scored before the age of 24. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Issei Kato/Reuters Kylian Mbappé scores his second goal on November 26, leading France to a 2-1 victory over Denmark. Mbappé was one of the leading stars of the team's World Cup triumph four years ago.

☆ USMNT’s youth and talent at Qatar 2022 bodes well for 2026 World Cup
▼ + stars: | 2022-12-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +31 min

The Netherlands knocked the USMNT out of the Qatar World Cup on Saturday. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Qatar is the first Islamic country to host a World Cup.

☆ Japan vs. Croatia: Samurai Blue aiming to reach World Cup quarterfinals for first time
▼ + stars: | 2022-12-04 | by ( Aimee Lewis | ) edition.cnn.com time to read: +31 min

CNN —In a World Cup of surprises, Japan has played a leading role in headline-making shock results. Croatia is a team undefeated in nine of its last 10 World Cup matches. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament.

☆ England vs. Senegal: Euro 2020 finalist faces African champion for place in World Cup quarterfinals
▼ + stars: | 2022-12-03 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —Sunday’s round of 16 fixtures feature the 2018 World Cup winner, the current African champion and one of the Euro 2020 finalists. Euro 2020 finalist England comes in as heavy favorites having reached the World Cup semifinals in 2018. England has faced African opposition 20 times, including seven World Cup matches, and has yet to lose. Although African nations have lost eight of their nine World Cup knockout round games against European sides, the lone exception was one which featured Senegal’s current manager, Aliou Cisse. “They’ve had to defend a lot in the group stage and they defended very well.

☆ Jakobs makes first start for Senegal in Qatar showdown
▼ + stars: | 2022-11-25 | by ( Shady Amir | ) www.reuters.com time to read: +1 min

DOHA, Nov 25 (Reuters) - Defender Ismail Jakobs gets his first start of the tournament for Senegal and Meshaal Barsham gets the nod in goal for Qatar as the two sides meet in their second Group A game at the 2022 World Cup. Senegal manager Aliou Cisse swaps Jakobs in for the injured Cheikhou Kouyate and Pape Abou Cisse is replaced by Famara Diedhiou, while Qatar boss Felix Sanchez makes three changes from the side that lost 2-0 to Ecuador. TEAMS:Qatar: Meshaal Barsham, Pedro Miguel, Abdelkarim Hassan, Ismail Mohamad, Hassan Al-Haydos (captain), Akram Afif, Karim Boudiaf, Homam Ahmed, Assim Madibo, Boualem Khoukhi, Almoez Ali. Senegal: Eduoard Mendy, Youssouf Sabaly, Kalidou Koulibaly, Abdou Diallo, Nampalys Mendy, Famara Diedhiou, Idrissa Gana Gueye, Ismail Jakobs, Krepin Diatta, Ismaila Sarr, Boulaye Dia. Reporting by Shady Amir, additional reporting by Nick Said and Philip O'Connor; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Hosts Qatar on verge of exiting World Cup after Senegal loss
▼ + stars: | 2022-11-25 | by ( Philip O'Connor | Anita Kobylinska | ) www.reuters.com time to read: +4 min

Summary Hosts Qatar lose 3-1 to Senegal in second group gameMuntari scores Qatar's first-ever World Cup goalQataris could go out of tournament later on FridayDOHA, Nov 25 (Reuters) - The World Cup hopes of Qatar were left hanging by a thread after a 3-1 loss to Senegal that leaves them bottom of Group A and facing elimination just five days after they opened the tournament with a 2-0 loss to Ecuador. With Qatar defending well, it was going to take either a moment of magic or a catastrophic mistake for Senegal to break the deadlock and unfortunately for Qatar defender Boualem Khoukhi it turned out to be the latter. Muntari reduced the deficit in the 78th with a bullet header from Mohamad's cross for Qatar's first ever goal at a World Cup in their debut tournament but Senegal were unruffled as they continued to out-muscle their opponents in midfield. "Expectations were set to give a good performance and organise a good World Cup, and that is the case," he told a news conference, praising his players for their efforts. First, though, they must meet the Netherlands in what will almost surely be their final game at this event.

☆ Philips to cut 5% of its workforce after medical equipment recall
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Oct 24 (Reuters) - Dutch medical equipment maker Philips (PHG.AS) said on Monday it expected to scrap around 4,000 jobs as it tried to streamline its organisation after a massive recall slashed around 70% off its market value in the past year. "My immediate priority is to improve execution so that we can start rebuilding the trust of patients, consumers and customers," Jakobs said in a statement. The cuts represent just over 5% of the company's workforce based on last year's total of 78,000. The company said it expected the reorganisation to cost around 300 million euros ($295.41 million) in the coming quarters. As flagged in a profit warning earlier this month, Philips said its adjusted earnings before interest, taxes and amortisation (EBITA) had tumbled 60% in the third quarter, to 209 million euros.

☆ Philips to cut 5% of workforce as new CEO acts to counter falling sales
▼ + stars: | 2022-10-24 | by ( Tosterling Bart H. Meijer | Bart H. Meijer | ) www.reuters.com time to read: +3 min

AMSTERDAM, Oct 24 (Reuters) - Philips' (PHG.AS) new CEO announced plans on Monday to cut around 4,000 jobs following falling sales and after a massive recall slashed around 70% off the Dutch medical equipment maker's market value in the past year. The company said it expected the reorganisation to cost around 300 million euros ($295.41 million) in the coming quarters. Philips is in talks with the U.S. Department of Justice on a settlement following the recall. Comparable sales dropped 6% to 4.3 billion euros in July-September as Philips said supply chain problems were worse than anticipated and would continue to weigh on sales in the last months of 2022. Jakobs said his top priorities were repairing the company's reputation by ensuring the recall is completed as soon as possible, and resolving the supply chain problems.

☆ Philips shares slump on profit warning and sleep apnea device writedown
▼ + stars: | 2022-10-12 | by ( Bart H. Meijer | ) www.reuters.com time to read: +3 min

Shares were down 9% at 0750 GMT at 14.13 euros, hitting their lowest level since June 2012. In its second profit warning of the year, Philips said third-quarter core profit would drop around 60%, as ongoing supply chain problems had pushed down comparable sales by around 5%. This was expected to have limited adjusted earnings before interest, taxes and amortisation (EBITA) to 210 million euros in the third quarter, down from 512 million euros a year before. RECALL HITS SLEEP BUSINESSPhilips last year shocked investors by recalling 5.5 million ventilators used to treat sleep apnoea, over worries that foam used in the machines could become toxic. "Details of the consent decree have not been fully negotiated at this time," Van Houten said in a call with analysts.

☆ How to make money on OnlyFans, according to creators
▼ + stars: | 2022-05-09 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

OnlyFans has boomed in the last two years, particularly for adult content creators. From DMs to selling courses, here's how creators make money from OnlyFans. OnlyFans, the subscription-based social platform, has become a lucrative way for some influencers, particularly adult content creators, to earn money. Here's our full coverage on how OnlyFans creators make money and manage their time. How OnlyFans creators make money — and how much they make:Some OnlyFans creators have built businesses offering coaching and classes:From messaging fans to shoots at LA mansions, a day in the life of an OnlyFans creator:And while the OnlyFans industry can be lucrative, it's not without problems:

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