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☆ America's best bet for banning TikTok would have terrible side effects
▼ + stars: | 2023-04-19 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

As talk of a TikTok ban builds, the leading legislation with bipartisan support is the RESTRICT Act. Here's why the RESTRICT Act has some people so worried — and what the experts say might be a better approach. The type of data TikTok collects is similar to what Facebook or Twitter collect from its users. What would actually solve the concerns about the Chinese government getting US user data is comprehensive data privacy legislation, he and other experts said. "What we're saying is that if you're concerned about the Chinese government getting user data from TikTok," Greene said.

☆ This maker of CPAP machines can gain market share as rival deals with a recall, Mizuho says
▼ + stars: | 2023-04-14 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

An ongoing product recall for one of ResMed's top competitors opens up a big opportunity for the continuous positive airway pressure (CPAP) equipment maker, according to Mizuho. Philips Respironics, a rival CPAP hardware maker, is still contending with a 2021 recall of its products, leaving the door open for ResMed to grow its market share, Petrone said. "In aggregate, we see RMD settling at nearly ~60% permanent sleep device share, up from ~50%, as a result of the extended Philips CPAP recall," Petrone wrote on Thursday. Petrone added that ResMed has maintained its market share from a decline in Philips for longer than expected. RMD YTD mountain RMD in 2023 Mizuho pointed toward proprietary survey data that indicated pent-up demand and a rebound in U.S. volume.

☆ Ferrovial shareholders vote on Dutch move in possible prelude to U.S. listing
▼ + stars: | 2023-04-13 | by ( Corina Pons | ) www.reuters.com time to read: +3 min

MADRID, April 13 (Reuters) - Ferrovial (FER.MC) shareholders vote on Thursday on a plan to move the Spanish construction group's holding company to the Netherlands, paving the way to a listing in the U.S. and potentially access to subsidies available there. The government fears more companies could follow suit and argues that a full U.S. listing is perfectly possible for a Spain-based company, although there are no such precedents. The move must be approved by a majority of shareholders to go ahead in a meeting that starts at midday (1000 GMT). Several investment funds have said they will vote in favour and two independent proxy advisers recommended backing the move. Ferrovial also wants to approach institutional funds in the U.S. willing to buy stakes if it gets a listing there.

☆ Google TV gets 800 free channels
▼ + stars: | 2023-04-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: 1 min

Google announced that starting Tuesday it's adding more than 800 free channels to its Google TV app on the Chromecast streaming device and select TVs made by Sony, CL, Hisense and Philips. Google's aggregation of several existing free TV services like Fox's Tubi, Paramount Global's Pluto TV and Haystack News is a move to differentiate its streaming operating interface from competitors, including Roku , Apple and Amazon . The Alphabet unit said it is integrating free channels into the "Live" tab where users will see content from channels like NBC, ABC, CBS and FOX. The service is launching in the U.S. on all Google TV devices. Eligible Android TV devices will be able to access the new TV guide and free channels later this year.

☆ 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.

Ever since it first released in 2021, it's been one of our top picks for the best smart display. If you're in the market for an Alexa smart display, the Echo Show 8 should be your first buy. Amazon Echo Show 8 Amazon's mid-range and mid-size Echo Show 8 is the best smart display in its current lineup. Everyone in your home will likely use a smart display a little differently. The Amazon Echo Show 8 is larger than the Echo Show 5, making watching videos a more enjoyable experience.

The second-generation Google Nest Hub compact design that's perfect for a nightstand. Deal Google Nest Hub (2nd gen) Released in 2021, the second-generation Google Nest Hub is a cameraless smart display that can automatically track your sleep habits, making it ideal for the bedroom. Steph Coelho/InsiderThe second-generation Google Nest Hub looks pretty similar to its predecessor, with just a few minor tweaks that make it more aesthetically pleasing. Privacy featuresSince the Google Nest Hub is geared towards bedside use, there isn't a camera like with many other smart displays. The Google Nest Hub is worth the price, especially for Google Home fans.

☆ A top GE HealthCare marketing exec reveals the brand strategy that helped the GE spinoff become a $35 billion company two months after going public
▼ + stars: | 2023-03-13 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

GE HealthCare built a brand campaign that helped the company hit a $35 billion marketing cap. In January, GE HealthCare started publicly trading as its own business, and it now has a market cap value of $35 billion. GE HealthCare launched an ad campaign created by BBDO on January 4, the day of the spinoff. GE HealthCare is also building a social presence, mostly focused on LinkedIn. "It was a brilliant move because the GE brand stands for innovation, thinking differently, and creating dialogue," Fallon said.

☆ Philips management will not receive bonuses for 2022
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: 1 min

AMSTERDAM, Feb 21 (Reuters) - Dutch health technology company Philips' (PHG.AS) top management will not take any bonuses for 2022 after a global recall of respiratory devices resulted in a 70% plunge in the company's market value, it said on Tuesday. In light of the company's performance and negative experience of shareholders and other stakeholders, the supervisory and management boards have waived any 2022 annual incentive payouts, the company said in its annual report. "2022 was a very disappointing year for Philips and its stakeholders," it said. Reporting by Bart Meijer Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

LONDON, Feb 20(Reuters) - Administrators of Sova Capital, a collapsed London broker formerly controlled by Russian banker Roman Avdeev, are seeking UK court approval to sell a pile of Russian securities to Avdeev in a complex and novel attempt to shift illiquid Russian assets. Teneo lawyer Mark Phillips told the court that the portfolio of Russian stocks had become "trapped" inside Sova, which had offered foreign investors access to Russian markets. "There is a substantial portfolio of Russian securities," Phillips said, "significantly impacted by legal restrictions and sanctions imposed by authorities around the world." Russian financial institutions, meanwhile, were mostly "subject to sanctions or asset freezes," which severely limited the "universe of potential buyers," Philips said. Lawyers expect wealthy individuals and institutions to continue seeking court approval for ways of exiting Russian investments while complying with sanctions.

☆ U.S. FDA classifies recall of Philips' respiratory devices as most serious
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

Feb 16 (Reuters) - The U.S. Food and Drug Administration (FDA) on Thursday classified the recall of Dutch medical devices maker Philips' (PHG.AS) respiratory machines as most serious, saying their use could lead to injuries or death. The company's ventilators provide breathing assistance to both pediatric and adult patients. The recall follows Philips' move to call back millions of breathing devices and ventilators in June 2021 due to the potential of a foam part degrading and becoming toxic, possibly causing cancer. Its subsidiary, Philips Respironics, had in December also recalled about 13,811 ventilators which were distributed between March 1, 2022 and Sept. 6, 2022. Philips did not immediately respond to a Reuters request for comment on the impact from the recall.

☆ Sonos, Therabody and Dyson: Best online sales right now
▼ + stars: | 2023-02-07 | by ( Caroline Curran | ) edition.cnn.com time to read: +6 min

No matter which model you choose, you’ll save on a device perfect for athletes and anyone else who appreciates at-home relaxation. Right now you can save up to $170 at Therabody, including savings on the Theragun Pro and Mini. Sonos Home Theater Sale Sonos Arc Sonos In the world of premium speakers, Sonos is always a top contender — and now through Feb. 12, you can score up to $280 off select home theater speakers. Tocess Claw Clips $19 $8 at Amazon Amazon Keep your hair out of the way with a chic claw clip. • Save on our favorite affordable headphones right now — the over-ear Soundcore Anker Life are just $45 right now.

☆ Dyson, Everlane and AirPods Pro 2: Best online sales right now
▼ + stars: | 2023-02-06 | by ( Caroline Curran | ) edition.cnn.com time to read: +5 min

Lowest Price AirPods Pro 2 $249 $199 at Amazon Apple Three years after debuting — and landing in the ears of seemingly everyone you know — Apple’s mega-popular AirPods Pro have finally gotten a refresh. Available now, the AirPods Pro 2 offer major upgrades like improved active noise cancellation (ANC), a wider range of fit options, more expansive touch controls and longer battery life. Right now, the second-gen AirPods Pro are at their lowest price yet of $199, so order now at Amazon to save on these pricey earbuds. Lowest Price Dyson Supersonic Hair Dryer $460 $400 at Amazon Dyson In addition to making your floors spotless, Dyson is a pro at styling your strands with its range of hair tools. And right now, you can snap up a brand-new Dyson Supersonic Hair Dryer for under $400, the lowest price we’ve seen at Amazon.

☆ Nearly 2,000 CEOs think their companies won't be able to make money in 10 years, survey says
▼ + stars: | 2023-02-04 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

That's almost 40% of the total number of CEOs surveyed across 105 countries for PwC's annual global CEO survey. More than half of the CEOs surveyed cited shifts in consumer demand, regulatory changes and labor shortages as challenges to their profitability over the next 10 years. And despite the concerns, most of the company leaders surveyed — 60% — aren't planning any layoffs, at least over the next 12 months. However, the report's prescription for worried CEOs may not bode particularly well for some workers. The surveyed CEOs said they want to make such bold decisions but aren't currently prioritizing them.

☆ Nike, Rumpl and Instant Pot: Best online sales right now
▼ + stars: | 2023-02-03 | by ( Caroline Curran | ) edition.cnn.com time to read: +6 min

This weekend, you’ll find a deal on the Philips SmartSleep sunrise lamp, a discounted Instant Pot and savings on Crap Eyewear sunglasses. Instant Pot Duo Plus $150 $110 at Amazon Instant Pot Score a variant of our favorite pressure cooker, the Instant Pot Duo Plus, up to 27% off, alongside a range of other models from the brand. Rumpl 30% off Original Puffy Football Blankets Rumpl Versatile and machine-washable, Rumpl blankets are durable enough for the outdoors yet cozy enough for the couch. Deals you may have missedKindle Paperwhite $150 $110 at Amazon Amazon Our pick for the best budget e-reader, the Kindle Paperwhite boasts a lightweight design and a glare-free screen with adjustable warmth to reduce strain on your eyes. Right now you can score our pick for the best full-size low-profile keyboard at an all-time low price on Amazon.

☆ 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 to Cut a Further 6,000 Jobs
▼ + stars: | 2023-01-30 | by ( Ian Walker | ) www.wsj.com time to read: 1 min

Royal Philips NV said it would cut an extra 6,000 jobs by 2025, including 3,000 this year, as part of a reorganization aimed at improving its performance, adding to a wave of corporate layoffs in recent weeks. The Dutch health-technology company said Monday that a simplified operation model would help make it more agile and competitive while reducing costs. The job cuts are in addition to the 4,000 roles it said it would eliminate in October.

☆ Tech stocks lead losses in Europe on rate jitters
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies STOXX 600 down 0.6%Jan 30 (Reuters) - European shares fell on Monday amid a rout across the board as caution crept in ahead of a slew of central bank policy meetings later this week, with shares of rate-sensitive stocks like technology among the major drags. The pan-European STOXX 600 (.STOXX) was down 0.6% at 0818 GMT. Europe's technology index (.SX8P), led by losses in Prosus NV (PRX.AS) and ASML Holding NV (ASML.AS), was the top decliner among sectors - down 2.1%. German renewable firm PNE AG (PNEGn.DE) slid 15.3% after Morgan Stanley's (MS.N) infrastructure investment arm informed PNE AG's board that it is no longer pursuing talks with potential buyers of Photon's PNE stake. Reporting by Ankika Biswas in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ 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."

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Signify ups 2023 view on profitability margin, skips sales outlook
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

Jan 27 (Reuters) - Signify (LIGHT.AS), the world's largest lighting maker, said on Friday it expects operating profitability to be in the range of 10.5%-11.5% in 2023, but did not give any outlook on sales, citing volatility in the current macroeconomic environment. Signify had earlier this month cut its full-year forecast for both profit margin and sales growth, citing a steeper-than-expected slowdown in China. The Eindhoven, Netherlands-based company had then forecast margin on earnings before interest, taxes and amortisation (EBITA) of about 10% for both the fourth quarter and the year. Signify, the former lighting arm of Philips, on Friday posted adjusted earnings before interest, taxes and amortisation (EBITA) margin of 10.1% for 2022 and comparable sales growth of 1.2%, in line with the profit warning. Reporting by Diana Mandiá; Editing by Jacqueline Wong and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

☆ The best beard trimmers, according to experts
▼ + stars: | 2023-01-19 | by ( Harry Rabinowitz | Harry Rabinowitz Is A Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +9 min

Short or long, they can enhance your look quickly!”SKIP AHEAD The best beard trimmers | Professional beard care tipsWe spoke with hair care professionals who shared with us their top beard trimmers as well as tips on keeping a beard healthy and tidy. How to shop for a beard trimmerLike most personal care products, there are an overwhelming amount of beard trimmers on the market. PowerOur experts recommend beard trimmers that are cordless with rechargeable internal Lithium-ion batteries rather than traditional corded trimmers. WaterproofingMost beard trimmers aren’t waterproof, and trimming your beard while wet can lead to some uneven results (take it from me). The best beard trimmersWe spoke with experts about their favorite beard trimmers and other beard-care essentials.

☆ Factbox: European companies cut jobs as economy sputters
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Stephane MaheJan 17 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. * HUSQVARNA (HUSQb.ST): the garden equipment and tools maker announced in late October it will cut 1,000 jobs, the vast majority of them related to the shift from petrol to battery-powered tools. * SIEMENS GAMESA (SGREN.MC): the Spanish wind turbine maker in late September said it plans to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability. * CLAS OHLSON (CLASb.ST): the Swedish hardware store chain said in December it would cut about 85 full-time jobs amongst other measures to deliver cost savings and reduced depreciation. BANKS AND FINANCIALS* KLARNA: Dagens Industri reported in May the Swedish payments company would lay off about 10% of its 7,000 employees.

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