Royal Philips NL, +3.00% PHIA, -2.66% on Monday said it will “immediately” cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announced the layoffs Read more
Tag: PHG
Dow edges up despite higher-than-expected inflation data
U.S. stock indexes traded mixed on Wednesday, while hotter-than-expected producer price inflation data deepened concerns that the Federal Reserve may continue its aggressive interest rate hikes. How are stock-index futures Read more
U.S. stocks edge up despite higher-than-expected inflation data
U.S. stock indexes edged up in choppy trading on Wednesday, even though hotter-than-expected inflation data deepened concerns that the Federal Reserve may continue its aggressive interest rate hikes. How are Read more
Philips swings to loss and cuts sales guidance
Royal Philips NV PHG, -0.05% PHIA, -10.56% on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related Read more
Philips swings to loss and cuts sales guidance
Royal Philips NV PHG, -0.05% PHIA, -11.44% on Monday reported a swing to a net loss for the second quarter, which it blamed on a number of issues including pandemic-related Read more