Philips cuts annual sales outlook as China demand deteriorates
Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook for the year.
Roy Jakobs in asian news
Philips shares jump 15% as second-quarter sales grow despite China weakness
Shares of Dutch device maker Philips jumped as much as 15% on Monday after the company reported better-than-expected second-quarter earnings.
Philips shares rocket 29% as firm settles U.S. respiratory device case
Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed to a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices.
Philips' U.S. sales of sleep apnea devices face years-long halt after FDA deal
Dutch health technology company Philips will not sell new devices to treat sleep apnea in the U.S. in the coming years as it works to comply with a settlement with the Food and Drug Administration (FDA) announced on Monday.
Davos 2024: Dimon discusses Zelenskyy meeting; Argentina’s leader urges elite to reject socialism
This was CNBC's live blog tracking developments at the World Economic Forum .