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The Latest Breaking News from Roy Jakobs

Philips Losses Worse Than Expected In 2024

Philips on Wednesday posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines.

International Business Times

How Fortune 500 Europe’s C-suite execs spend their time when they’re not hard at work—from puzzle-solving to jumping rope

From mind-bending puzzles to sports, Fortune 500 Europe's C-suite execs have many interests. The common thread? It makes them better leaders, they say.

Fortune

Philips Lowers Sales Outlook On Drop In China Orders

Markets reacted negatively to the announcement with Philips's share price dropping by more than 11 percent in morning trading on the Amsterdam stock exchange's blue-chip AEX index.

International Business Times

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Philips new CEO is overhauling company culture and adding a role to the C-suite

The CEO can't afford anymore disasters as he pushes deeper into AI-assisted medicine.

Fortune

Philips Looks To AI As Seeks To Turn The Page On Defective Respirators

Medical device manufacturer Philips is betting on innovation as artificial intelligence (AI) transforms the healthcare industry, its chief executive told AFP in an interview on Tuesday, as the company looks to turn the page on a massive recall of defective sleep respirators.

International Business Times

Philips Stops Selling Sleep Devices In US Amid Recall Woes

Under-fire Dutch medical device maker Philips said Monday it would halt new sales of sleep machines in the United States after a series of recalls that continued to weigh on results.

International Business Times

Philips to cut 4,000 jobs after millions of devices recalled over safety concerns

The job losses represent a cut of about 5% of the workforce, and will be part of a 300 million Euro restructuring programme in a bid to slash costs and improve productivity

Evening Standard

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Benzinga Before The Bell: Elon Musk May Get Info It Wants From Twitter, Apple To Lay Off 100 Recruiter Contractors, Saudi's Investment Fund Picks Stocks Of US Big Tech And Other Top Financial Stories Tuesday, August 16

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