Philips third quarter net profit triples to €174M, but sales slump by 11 percentOctober 12th, 2009 Philips Q3 net profit triples to €174MAMSTERDAM — Royal Philips Electronics NV reported net profit of €174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a year ago, due to cost-cutting measures. In the same period in 2008, the world's largest lighting manufacturer had reported profits of €57 million, including around €80 million in net restructuring and impairment charges.
Philips third quarter net profit triples to $256 million, but sales slump by 11 percentOctober 12th, 2009 Philips third quarter net profit triples to $256MAMSTERDAM — Royal Philips Electronics NV reported net profit of euro174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a year ago, due to cost-cutting measures. In the same period in 2008, the world's largest lighting manufacturer had reported profits of euro57 million, including around euro80 million in net restructuring and impairment charges.
Philips third quarter net profit triples to euro174M, but sales slump by 11 percentOctober 12th, 2009 Philips Q3 net profit triples to euro174MAMSTERDAM — Royal Philips Electronics NV reported net profit of euro174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a year ago, due to cost-cutting measures. In the same period in 2008, the world's largest lighting manufacturer had reported profits of euro57 million, including around euro80 million in net restructuring and impairment charges.
Philips Healthcare recalling about 5,400 external defibrillators after reports of chip failureOctober 3rd, 2009 Philips Healthcare recalls 5,400 defibrillatorsSEATTLE — Philips Healthcare said Saturday it is recalling about 5,400 automated external defibrillators after receiving reports of a memory chip failure in a small number of some models that could make them inoperable. The defibrillators are used by emergency responders to help treat sudden cardiac arrest, and the company said it is contacting customers to arrange for the devices to be replaced.
Toy libraries come calling to the capitalOctober 3rd, 2009 NEW DELHI - How do you give your child a new toy or game to play with everyday for the next three years and not burn a hole in your pocket? The answer lies in a toy library. One such, Kids Gurukul, was launched in the capital Saturday where you can simply choose from hundreds of games and video games for your child and rent them.
Philips recalls some automated external defibrillators due to danger of devices not workingSeptember 30th, 2009 Philips recalls some HeartStart defibrillatorsSEATTLE — Philips said Monday it is recalling about 5,400 HeartStart FR2 automated external defibrillators due to a possible memory chip failure that could make the device unable to work properly. The defibrillators are used by trained responders and designated response teams to help treat sudden cardiac arrest.
Toys R Us profit doubles in second quarterSeptember 4th, 2009 Toys R Us profit grows in 2QWAYNE, N.J. — Toys R Us Inc.
Importer to pay $31,500 penalty for violating safety standard on toys with small partsAugust 18th, 2009 Toy importer penalized for choking hazardWASHINGTON — TGH International Trading Inc. has agreed to pay a $31,500 civil penalty after it imported and sold toys with small parts in violation of federal child safety standards, government officials said Monday.
20 Sears toys will offer toys on Saturday from Hasbro, Mattel and other toy makersAugust 12th, 2009 Sears to offer toys in 20 storesHOFFMAN ESTATES, Ill. — Sears Holdings Corp., the retail chain lead by chairman and hedge fund financier Eddie Lampert, said Wednesday it will begin to offer toys in 20 of its Sears stores starting Saturday.
Philips Electronics 2Q profit falls 94 percent, sees improvement in second halfJuly 13th, 2009 Philips reports 94 percent fall in 2Q profit
AMSTERDAM — Royal Philips Electronics NV, the world's biggest lighting maker, reported Monday a 94 percent fall in net profit for the second quarter, due to weak sales amid the global economic downturn and asset divestments in the same period a year ago. Net profit was euro44 million ($61.4 million), down from euro732 million.
Toys R Us subsidiary closes on offering of $950 million senior unsecured notes due 2017July 10th, 2009 Toys R Us subsidiary completes note offeringWAYNE, N.J. — Toys R Us Inc.
India bans import of toys lacking safety standardsJune 17th, 2009 NEW DELHI - India has announced restrictions till January 2010 on the import of all toys that fail to meet international safety standards. Hitherto, the ban only related to Chinese toys.
Jardine cribs recalled for third time since June 2008April 30th, 2009 96,000 cribs sold a Toys "R" Us recalledWASHINGTON — About 96,000 Jardine cribs sold at Toys "R'' Us and Babies "R'' Us were recalled Thursday, the company's third crib recall in a year. The slats on the seven models of recalled cribs can break, leaving a gap where small children can get trapped or strangled, according to government safety officials.
Philips makes big push in India, launches new productsMarch 20th, 2009 PANAJI - Philips Electronics India Friday gave a big push to its expansion in the country by launching over 150 new products in the lighting and home decorative sector and a new line of home healthcare products. With demand slowing down in its key lighting and electronics sectors, the company is now planning to expand its medical equipment business.
India relaxes ban on Chinese toy importsMarch 2nd, 2009 NEW DELHI - The government has relaxed the ban imposed on import of Chinese toys, the Directorate General of Foreign Trade (DGFT) said a notification issued Monday. The DGFT notification said that imports will be allowed only if the importer can produce a certificate stating that the toys conform to certain internationally-accepted quality standards.
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