Philips hue articles
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Philips shares rocket up after settlement of US respiratory device recall
AMSTERDAM (Reuters) -Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the United States. Philips said it had agreed to pay $1.1 billion to settle all personal injury claims filed in the U.S., ending uncertainty that had slashed its market value over the past three years. "This settlement is significantly lower than expectations of $2-4 billion and worst case of $10 billion,"...
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Philips Surges 37% After Settlement on US Sleep Apnea Claims
Royal Philips NV shares soared by a record after a lower-than-expected settlement on US claims linked to faulty sleep apnea devices,...
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Philips Surges 37% After Settlement on US Sleep Apnea Claims
Royal Philips NV shares soared by a record after a lower-than-expected settlement on US claims linked to faulty sleep apnea devices, stoking hopes the manufacturer has moved past concerns that have dogged it for the past three years.