Why Koninklijke Philips Stock Is Sinking Today

12:07pm, Wednesday, 12'th Oct 2022
The company expects a big write-down in Q3.
Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman discuss the drop in shares for Philips after the company issued its second profit warning.
Shares of Philips dropped 8% to their lowest level since 2012 after the Dutch tech company issued its second profit warning this year, forewarning that supply chain problems will impact sales and thir
Investors should look for opportunities in international equities as the dollar continues to gain and retain strength, says David Herro – the Vice President of Oakmark Funds.   U.S. dollar index hi
Philips (PHG) is launching cardiac solutions to further benefit from its tried-and-tested strategic operational decision to build new products to attract more customers.
Dutch shareholders association VEB is threatening to take Philips to court over its handling of a worldwide recall of respiratory machines, claiming it caused billions in losses by giving incorrect in
Philips (PHG) is building the world's first spectral detector angio CT solution by forging an alliance with the Leiden University Medical Center.
A department of the Paris prosecution office has opened a preliminary criminal investigation linked to faulty Philips ventilators in June, the office said on Thursday, confirming a French media report
The Paris Prosecutor's Office has opened a preliminary investigation into a respiratory devices recall by Dutch medical device maker Philips, French media outlet France Info reported on Thursday.
Philips (PHG) cautions customers against health hazards faced by the users of CPAP or Bi-Level PAP therapy masks with magnetic headgear.
A subsidiary of Dutch medical device maker Philips has agreed to pay over $24 million to resolve alleged false claims over respiratory-related medical equipment, the U.S. Justice Department said on Th
Dutch medical device maker Philips said on Monday it has expanded an earlier recall of some respiratory machines to a total of 1,700 devices globally due to possible contamination of a plastic compone
A massive recall of Philips breathing devices in 2021 due to a risk of potential injury has left physicians scrambling to find alternatives for the growing number of people who use them.
The U.S. Food and Drug Administration (FDA) said reports of faulty Philips ventilators and sleep apnea machines had risen in the past quarter, underlining problems facing the Dutch company, which has

Philips says CEO Van Houten to leave in October

02:26am, Tuesday, 16'th Aug 2022
Dutch health technology company Philips on Tuesday unexpectedly announced that Chief Executive Officer Frans van Houten would be replaced with company insider Roy Jakobs on October 15.
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