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 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 €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.
LG Electronics launches premium range productsOctober 8th, 2009 NEW DELHI - Consumer electronics major LG has launched new products in the premium category in the Indian market. The company has launched four new models of side-by-side refrigerators, front loading washing machines, air purifiers with a distinctive filter system, and convection microwave ovens with as many as 101 auto cook menu options.
NC-based Cree plans to add 575 more jobs by 2013 as demand for efficient lighting expandsOctober 8th, 2009 NC LED-maker Cree to add 575 jobs in next 3 yearsDURHAM, N.C. — A North Carolina-based maker of energy-efficient lighting elements is expanding and plans to add 575 jobs in the next three years.
Amazon expanding its in-house brands by selling electronics accessoriesSeptember 19th, 2009 Amazon widens private labels with electronics gearSAN FRANCISCO — Consumers visit Amazon.com for deals on products from companies ranging from Apple Inc. to Zenith Electronics Corp.
Philips starts making sex toysSeptember 3rd, 2009 BERLIN - Philips, the consumer electronics company which for decades has been a byword for Dutch solidity, announced in Berlin Thursday that it had begun manufacturing sex toys. Three electrical vibrators are to be marketed under a new product segment to be known as "relationship care".
Tata Communications completes 6,700 km cable system with TycoAugust 18th, 2009 MUMBAI - The installation, testing and commissioning of the 6,700 km TGN-Intra Asia (TGN-IA) cable system was complete, telecom service provider Tata Communications and undersea communications technology leader Tyco Telecommunications announced Tuesday. "The fully operational 6,700 km TGN-IA system links Hong Kong, Singapore, Tokyo, Vietnam and the Philippines, providing route diversity throughout the Asia Pacific region, Tata Communications said in a regulatory statement.
Premier Farnell, Littelfuse sign agreement for circuit protection productsAugust 4th, 2009 BANGALORE - Premier Farnell, the leading multi-channel, high service distributor supporting millions of engineers and purchasing professionals worldwide, today announced that Littelfuse, the world leader in circuit protection products, has appointed Premier Farnell to be the company's franchised high-service, low-volume partner in Greater China, Southeast Asia, India and ANZ. Under this agreement, Premier Farnell will hold the widest range of Littelfuse products in stock in Asia Pacific while Littelfuse will leverage Premier Farnell's high-serve operations and stocks for same-day or next-day fulfilment to customers.
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.
Best Buy, Nucor, Genzyme, Palm, Tyco Electronics are among big market movers TuesdayJune 16th, 2009 Best Buy, Nucor, Genzyme, Palm are big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Best Buy Co., down $2.82 at $35.84
The electronics retailer's first-quarter profit was down as same-store sales slid, despite former rival Circuit City's market exit. Nucor Corp., up $1.11 at $46.86
The steel producer expects a loss between 55 cents and 65 cents in its second quarter, a better result than analysts had forecast.
element14 set to enhance electronic design engineers' development capabilitiesJune 2nd, 2009 BANGALORE - element14, a new online technology resource and community for electronic design engineers was launched today at www.element-14.com. This new website is specifically created for electronic design engineers who are looking for a wealth of unbiased technical information and tool-focused services in one source to enhance their design and development capabilities.
Product Recalls: Crouton productMay 2nd, 2009 Product Recalls: Crouton productThe following recall has been announced:
—Sugar Foods Corp. is recalling 531 cases of The Farmers Market Butter & Garlic crouton product because the croutons could contain undeclared milk allergens.
Tyco Electronics CEO gets $2.6M pay in 2008; year-ago had gotten big spinoff equity awardMay 2nd, 2009 Tyco Electronics CEO gets $2.6M pay in 2008SAN FRANCISCO — The pay package for Tyco Electronics Ltd. Chief Executive Thomas Lynch was about a quarter the size in the company's fiscal 2008 that it was in 2007, coming in at $2.6 million for the first full year of the company's operation as a standalone entity, according to calculations by The Associated Press based on the company's proxy filing Friday.
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.