Karl Bustamante

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Breaking with tradition, Philips splits off lighting

AMSTERDAM (Reuters) - Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.<p>A Philips logo is seen at Philips headquarters, where Philips CEO Frans van …

Philips splits saying it is time to 'reinvent' itself

Philips is splitting in two. The Dutch conglomerate is to put its lighting business into a separate company<p>It is the latest step in Philips’ plans to move out of less profitable consumer electronics and into fast-growing areas like healthcare.<p>The split will take up to 18 months to complete and the …

Philips rises, Barclays falls in European trade

LONDON (MarketWatch) — Here are some of the companies whose shares made notable moves in Tuesday’s European trading session.<p><b>Gainers</b><p><b>Philips NV</b> PHIA, …

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Buyer Protection Program<p>Undeveloped safeguards your purchase. You never have to worry! We protect every transaction through a careful escrow process, …

Mergers & Acquisitions

DealBook: Philips to Split Into Two Companies as Part of Overhaul

The Dutch electronics giant will split into two entities: one focused on health care and technology, and one on lighting.<p>Read more…

Philips plans to split business

Dutch electronics giant Philips says it is planning to split the company in two, separating its lighting business from its healthcare …

Art for BTWFoundation

Translation

Philips plans split to focus on healthcare, consumer goods

<b>London/Amsterdam:</b> Royal Philips NV chief executive officer (CEO) Frans van Houten plans to break up the 123-year-old Dutch company, separating the …

Electronics Giant Philips to Split in Historic Move

THE HAGUE - Philips (IW 1000/137) announced Tuesday it would split in two, separating its healthcare-lifestyle division from the historic lighting …

Dutch electronics giant Philips plans to split business

<b>Dutch electronics giant Philips has said it is planning to split the company in two, separating its lighting business from its healthcare division.</b><p>Both companies will continue to be based in the Netherlands and use the Philips name, it said in a statement.<p>Philips has been streamlining its business …

Philips to split into two - Headlines, features, photo and videos from ecns.cn|china|news|chinanews|ecns|cns

Philips said Tuesday it would split the 120-year-old Dutch giant in two, separating its healthcare-lifestyle division from the historic lighting …

Electronics Giant Philips Announces It Wants To Split The Company In 2

"We're preparing Philips for the next century," CEO Frans van Houten told a telephone news conference.<p>"Giving independence to our lighting solutions business will better enable it to expand its global leadership position and venture into adjacent market opportunities," Van Houten said.<p>"I do …

Breaking With Tradition, Philips Splits Off Lighting

AMSTERDAM (Reuters) - Philips , the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.<p>Putting the lighting business in a separate company is part of a wider …

Philips to Split Lighting, Health Tech Businesses

"Great companies need to reinvent themselves."<p>Philips, the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin health care and consumer divisions.<p>Putting the lighting business in a separate company …

Breaking with tradition, Philips splits off lighting

AMSTERDAM (Reuters) - Philips (PHG.AS), the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions.<p>A Philips logo is seen at Philips headquarters, where Philips CEO …

Philips Cuts Umbilical Cord With Bulbs, Split To Allow Mergers?

Royal Philips of the Netherlands has announced a dramatic move to hive off its historical lighting activities in a bold step that shows the former global consumer electronics player is retreating to a well-defined niche of health and lifestyle.<p>The question remains whether the split is but a prelude …