Electronics giant Philips to split in historic move

2014-09-23 14:31

Philips has said it would split the 120-year-old Dutch giant in two, separating its healthcare-lifestyle division from the historic lighting business.

EU fines Samsung, Philips over smartcard cartel

2014-09-03 12:12

The EU has fined Infineon, Philips and Samsung for forming a smartcard chip cartel in Europe, says the European Commission.

LEDs bring hope to Africa

2013-05-31 13:01

Light-emitting diode (LED) technology has the potential to light up the African continent if the political will can be found, a major producer has said.

Philips posts higher profits

2012-07-23 11:19

Dutch electronics giant Philips has posted higher than forecast second quarter net profits of €167m, thanks to a 13% jump in sales.

Tech companies woo Africa

2012-03-25 13:14

From solar-powered lights to televisions that can withstand power blackouts, electronics mega-firms are wooing African consumers with products that target local, often challenging, environments.

Now hair dryers are recalled

2011-05-31 15:51

Philips is recalling millions of hair dryers sold globally between 2006 and this year due to fire risk.

European shares retreat

2011-01-07 11:59

European stocks have slipped back after scaling to 28-month highs, with investors avoiding strong bets ahead of a key US jobs report.


Castle lights up in energy saving way

2014-09-05 13:17

As part of an innovation roadshow to address needs in Africa, Philips has lit up the Castle of Good Hope in Cape Town as well as other icons on the continent.

LED makers get smart to rise above price war

2014-04-03 17:55

Lighting companies like Philips and Osram are scrambling to develop more advanced technology as a price war for LED bulbs threatens to eat into profits and bring on a period of low growth.

EU imposes record cartel fine on Philips

2012-12-05 19:01

The European Commission imposed the biggest antitrust penalty in its history, fining six firms a total of €1.47bn for running two cartels.

Light bulb with 20-year life unveiled

2012-04-22 22:17

An energy saving LED bulb from Dutch electronics giant Philips, said to last over 20 years, has gone on sale online and in stores to coincide with Earth Day.

Philips shares plunge on profit warning

2011-06-22 14:52

Philips Electronics, the world's biggest lighting maker, was hit by a 12.8% dive in its share price after it warned of sharply lower profits.

European stocks in the red

2011-01-24 17:26

European stock markets have mostly fallen as earnings from Dutch electronics group Philips disappointed traders.

Philips records three-fold earnings rise

2010-10-18 10:50

Dutch electronics giant Philips has reported a three-fold rise in third-quarter net income to €524m, due partly to rising emerging market sales.

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