PHG - Koninklijke Philips N.V.

Amazon’s Answer to ChatGPT Seen as Incomplete

(Bloomberg) -- Amazon.com Inc.’s cloud customers are clamoring to get their hands on the ChatGPT-style technology the company unveiled six weeks ago. But instead of being allowed to test it, many are being told to sit tight, prompting concerns the artificial intelligence tool isn’t fully baked. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillBiden, McCarthy Forge Debt Deal in

The past three years for Koninklijke Philips (AMS:PHIA) investors has not been profitable

Koninklijke Philips N.V. ( AMS:PHIA ) shareholders should be happy to see the share price up 18% in the last quarter...

Top 20 Most Popular Consumer Electronics Brands

In this article, we will take a look at the top 20 most popular consumer electronics brands. If you want to see more brands in this selection, go to the Top 5 Most Popular Consumer Electronics Brands. According to Zion Industry Research, the size of the consumer electronics industry is set to increase from $1.10 […]

Is Koninklijke Philips (PHG) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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Former SVB CEO Blames Fed & Media Hype For Collapse, FTC Plans Lawsuit to Block Horizon Therapeutics $28B Takeover, Home Depot Lowers Annual Outlook: Today's Top Stories

Benzinga Former SVB Chief Blames Fed, Media Hype For Bank's Devastating Collapse Greg Becker, the former CEO of SVB Financial Group, the parent company of Silicon Valley Bank, attributed the bank's collapse to a combination of factors, including rapid rate hikes by the Federal Reserve and negative sentiment amplified by social media. This marks the first public statement by Becker since SVB was placed into receivership on March 10. In a written testimony for a U.S. Senate Banking Committee heari

Philips To Pay $62M Settlement On Corruption Charges In China

Dutch medical device maker Koninklijke Philips N.V. (NYSE: PHG) will pay $62 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) concerning conduct related to its sales of medical diagnostic equipment in China. Philips has agreed to return $47 million in profits from the alleged misconduct, plus interest, and pay a $15 million civil penalty. The Securities and Exchange Commission said Philips had agreed to settle its claims without admitting to or denying the fin

Philips to pay $62 million to resolve charges it violated US law

WASHINGTON (Reuters) -Dutch medical device maker Philips will pay $62 million (56 million euros) to resolve charges it violated the Foreign Corrupt Practices Act over its conduct related to sales of medical equipment to China, the U.S. Securities and Exchange Commission said on Thursday. Philips said the settlement related to allegations of "irregularities in the medical device industry" in China between 2014 and 2019, for which it took a provision in the fourth quarter of last year.

Royal Philips to Pay $62 Million to Settle China Bribery Probe

Amsterdam-based company used special price discounts for distributors and manipulated Chinese procurement processes by influencing state-run hospital officials, regulators said.

10 Easiest Countries in Europe to Get Citizenship

In this article, we will take a look at the 10 easiest countries in Europe to get citizenship. If you want to see more companies in this selection, go to the 5 Easiest Countries in Europe to Get Citizenship. Europe had a difficult 2022. Industries and consumers had to deal with skyrocketing energy prices as […]

Is NuVasive (NUVA) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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Philips' (PHG) Q1 Earnings Jump Y/Y on Strong Top-Line Growth

Philips' (PHG) first-quarter results benefit from robust performances by the Diagnosis & Treatment and the Connected Care businesses.

Koninklijke Philips N.V. (AMS:PHIA) institutional owners may be pleased with recent gains after 18% loss over the past year

Key Insights Significantly high institutional ownership implies Koninklijke Philips' stock price is sensitive to their...

Elon Musk Plans Next Starship Launch Within Two Months, NBCUniversal CEO Resigns Amid 'Inappropriate Relationship, Micron Tech Caught Between US-China Tensions: Today's Top Stories

Benzinga Elon Musk Plans Next Starship Launch Within Just 2 Months After Failed Debut SpaceX CEO Elon Musk on Saturday said that Starship could be ready to launch again in 1 to 2 months. Starship can be ready to launch again in 1 to 2 months post-repairs of damage at the Starbase launch site, said Elon Musk in a Twitter reply on Saturday. Musk was responding to Eric Berger, Senior Space Editor at tech publication Ars Technica. Berger noted in his tweet that a former senior SpaceX employee told h

Why Shares of Royal Philips Jumped Monday

Shares of Dutch medical equipment maker Royal Philips (NYSE: PHG) rose by more than 14% in early trading Monday after the company announced first-quarter earnings. Philips' stock had been lagging because of concerns over the recall of faulty ventilators and sleep apnea masks made by its subsidiary, Philips Respironics, as well as lawsuits connected to the recalls.

Philips stock rises on Q1 earnings beat

Yahoo Finance Live anchors Julie Hyman and Brad Smith break down the rise in stock for Philips following first-quarter earnings.

Coca-Cola Saw a Nice Pop, but This Healthcare Stock Was Monday's Big Early Winner

On Monday morning, it appeared based on stock index futures that markets would open with a modest move lower. One stock that many investors know quite well is Coca-Cola (NYSE: KO), and its latest earnings results came as a pleasant surprise for many who follow the beverage giant. Shares of Coca-Cola were higher by between 1% and 2% in premarket trading Monday morning.

Why Philips Shares Are Soaring Monday Morning

Koninklijke Philips N.V. (NYSE: PHG) shares are up Monday premarket following its first-quarter FY23 results. It reported a first-quarter comparable sales growth of 6% year-on-year to €4.2 billion, mainly driven by the Diagnosis & Treatment businesses. Additionally, momentum for the Diagnosis & Treatment and Connected Care businesses in China supported the sales growth. Philips' order book remains strong and is 10% higher than one year ago despite flat order intake growth. Comparable sales for D

Philips shares jump on recall provision and profit improvement

AMSTERDAM (Reuters) -Philips shares jumped 13% on Monday as the Dutch health technology company reported much better than expected first-quarter results and said it had set aside 575 million euros ($631 million) related to lawsuits over its recall of respiratory devices. Amsterdam-based Philips has been grappling with the fallout of the global recall of millions of respirators used to treat sleep apnoea since it was announced in June 2021 over worries that foam used in the machines could become toxic. The recall has knocked off around 70% of Philips' market value since then as investors feared the costs of a string of U.S. class-action lawsuits launched by patients who claim to have suffered economic losses due to the use of the device.

Philips (PHG) Drives Healthcare Prospects With Enhanced Dataset

Philips (PHG) announces its expansion with MIT IMES, which will help researchers and educators access a new critical care dataset.

Oracle (ORCL) and Zoom Partner to Expand Access to Virtual Care

Oracle (ORCL) and Zoom enter a partnership to connect patients and their records with doctors seamlessly.

Philips (PHG) Inks 7-Year Partnership With Northwell Health

Philips (PHG) announces that it has entered into a seven-year agreement with Northwell Health, one of the largest healthcare providers in the state of New York.