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Philips to halt CPAP sales in the U.S. as it takes $393 million provision - Vimarsana News

Philips to halt CPAP sales in the U.S. as it takes $393 million provision

Philips on Monday said it will halt the sales of new sleep-therapy devices in the U.S., as part of a broader settlement that led the company to take a €363...

Philips Reaches Agreement With FDA on Ventilator Recall -- 2nd Update - Vimarsana News

Philips Reaches Agreement With FDA on Ventilator Recall -- 2nd Update

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...

Royal Philips's 2023 Sales Growth, Margin Seen Within Guidance -- Earnings Preview - Vimarsana News

Royal Philips's 2023 Sales Growth, Margin Seen Within Guidance -- Earnings Preview

By Elena Vardon Royal Philips is scheduled to report results for its fourth quarter and 2023 on Monday. Here is what you need to know: SALES FORECAST: The...

Tech Down on Rotation Out of AI Issues -- Tech Roundup - Vimarsana News

Tech Down on Rotation Out of AI Issues -- Tech Roundup

Shares of technology companies fell as traders rotated out of some of the fastest rising AI companies. Palantir Technologies fell sharply after analysts at...

Philips shares slump as FDA says sleep product may overheat - Vimarsana News

Philips shares slump as FDA says sleep product may overheat

Phillips shares fell sharply Wednesday as the Food and Drug Administration said there's an emerging safety issue involving its product for sleep apnea.