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Search resuls for: "ventilators"


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☆ 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.
☆ Hurricane Ian flooded a hospital's lower floor and tore its ICU's roof off, forcing staff to evacuate its sickest patients
  + stars: | 2022-09-29 | by ( Sophia Ankel | ) www.businessinsider.com   time to read: +2 min
A doctor at a hospital in Florida told the Associated Press that Hurricane Ian blew its roof off. The destruction forced staff to evacuate their sickest patients, some of whom were on ventilators. The doctor, who stayed overnight, told AP that patients have been moved to other floors. The damage forced staff to evacuate the hospital's sickest patients from the fourth floor to the two floors that were not impacted, Bodine told AP. On Thursday morning, Hurricane Ian downgraded to a tropical storm, according to the National Hurricane Center.
☆ Republican Toomey blasts Biden's 'irresponsible' use of Cold War-era defense law
  + stars: | 2022-09-26 | by ( Andrea Shalal | ) www.reuters.com   time to read: +2 min
Senator Pat Toomey speaks in the Dirksen Senate Office Building in Washington, D.C.,U.S., May 10, 2022. Tom Williams/Pool via REUTERSWASHINGTON, Sept 26 (Reuters) - Republican Senator Pat Toomey on Monday blasted President Joe Biden for what he called the increasing and "irresponsible" use of a Cold War-era defense law to boost production of baby food, solar panel components and other non-defense items. Toomey, the top Republican on the Senate Banking Committee, told Biden that using the Defense Production Act in this way disrupted supply chains and violated the intent of the law to make goods available in actual national security emergencies. The 1950 law gives the Pentagon wide powers to procure equipment necessary for national defense. Toomey asked Biden to answer a series of detailed questions about the administration's reasons for invoking the law by Oct. 11.
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