Page 4 - Philips Electronics News Today

Foreign student restriction plans need a rethink, minister told

Confidence among manufacturers in the Netherlands remained less pessimistic at the start of the year, data from the Central Bureau of Statistics showed on Tuesday.

Estonia's retail sales continued to decline at the end of the final quarter, data from Statistics Estonia showed on Tuesday. Retail sales fell 5.4 percent annually in December, though slower than the 8.

Hapag-Lloyd Aktiengesellschaft (HLAGF), a container shipping company, on Tuesday registered a significant decline in preliminary earnings for the full year, mainly due to lower freight rates attributable to normalization of global supply chains.

Speedy Hire Plc (SDY.L), a British tool and equipment hire services company, on Tuesday said that it expects its annual profit to be below its previous expectations, citing weakness in some of its end markets and seasonal product lines, and some delays in mobilization of significant contract wins.

HUTCHMED China (?HCM) announced marketing approval of ELUNATE, or fruquintinib by the Pharmacy and Poisons Board of Hong Kong for the treatment of adult patients with previously treated metastatic colorectal cancer.

Spain's economic growth accelerated unexpectedly in the fourth quarter, flash data from the statistical office INE revealed Tuesday. Gross domestic product climbed 0.

Dutch consumer electronics giant Philips Electronics NV (PHGFF.PK, PHG) reported Monday that its fourth-quarter income from operations was 24 million euros, including charges of 363 million euros connected with the Respironics consent decree, which has been agreed with the US Department of Justice or DOJ, representing the US Food and Drug Administration.

Bank7 Corp. (BSVN) reported that its fourth quarter net income was $1.1 million compared to $8.4 million, a decrease of 87.24% from a year ago. Earnings per share was $0.

Shares of Philips Electronics NV were losing more than 6 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE after the Dutch consumer electronics giant reported Monday a drop in fourth-quarter income from operations amid weak sales.