Page 40 - Philips News Today

Philips shares soared Monday after the company agreed a $1.1 billion settlement in a U.S. case linked to the recall of some of its sleep apnea devices.

Philips settles $1.1 billion in Respironics ventilator recall lawsuit. Updates on Philips' Q1 performance and 2024 guidance. PHG shares surge 36.9% in premarket trading.

(Bloomberg) -- 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. Most Read from BloombergMusk Wins Tentative Clearance for Tesla Driving System in ChinaMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Interve...

Agreement with US justice department resolves lawsuits over recalled night-time breathing devices in America

Koninklijke Philips, the Dutch healthcare giant, has finally reached a settlement with US regulators over a Respironics product recall back in 2021 worth $1.1bn, causing shares to soar by more than a third on Monday morning.

WASHINGTON (AP) — Medical device maker Philips said Monday it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S. over its

Philips didn't admit fault and said it reached the agreement to resolve any uncertainty over the cases on its defective sleep apnea machines.

After a dozen years unmasking lies and five years before that overseeing UCS’s media relations operation, I am leaving the organization.

US stock futures gain, Tesla closes in on deal to launch driver-assisted software in China, Paramount rises amid reports of possible CEO ouster, Philips shares soar as company agrees to $1.1 billion settlement on sleep apnea devices, and the yen rebounds. Here’s what investors need to know today.

It has recalled more than 5 million of breathing machines since 2021.