Page 164 - Philips News Today

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Under a settlement with regulators, the company must revamp some operations before resuming sales of its CPAP and ventilator devices in the United States.

Under-fire Dutch medical device maker Philips said Monday it would halt new sales of sleep machines in the United States after a series of recalls that continued to weigh on results.

Under-fire Dutch medical device maker Philips said Monday it would halt new sales of sleep machines in the United States after a series of recalls that continued to weigh on results."Until the relevant requirements of the consent decree are met, Philips Respironics will not sell new... sleep therapy devices or other respiratory care devices in the US," the company said.

Philips has stopped selling ventilators and sleep apnea breathing-assist machines in the United States as part of a settlement agreement with the U.S. Food and Drug Administration, the Dutch health technology company announced with its annual figures on Monday.

By Elena Vardon Royal Philips reached an agreement with the U.S. Food and Drug Administration on the terms of a settlement linked to recall of its...

European markets open mixed on a busy week for earnings, central bank announcements and data.

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.

Biggest week of earnings: 10 of our portfolio names, including all but Nvidia in our Super Six.

(RTTNews) - European shares traded mixed on Monday after notching two-year highs in the previous session, thanks to some upbeat quarterly earnings...