philips

What Does a $25 Light Bulb Get You?

If all goes as planned, the phase out of incandescent light bulbs will begin next year and continue through 2014, when light bulb makers hope we'll have adopted LED bulbs as our new favorite light source. But manufactures have to overcome a few obstacles before consumers will be ready to make the switch.

Total Recall: GM, Phillips and Miss Bonnie's

General Motors has called back thousands of Impala and LaCrosse sedans for potential fire hazards and stability-control systems. Meanwhile, Philips calls back a compact fluorescent light that can cut. And Miss Bonnie's Gourmet warns that its cheese spread could be contaminated with salmonella.

As TV Sales Lag, Philips Tunes Into Healthcare

Earlier this week, Royal Philips Electronics warned that its television business would post a first-quarter loss. While TV sales have declined, the company says it sees a growing opportunity in healthcare. Greg Sebasky, CEO of Philips's North American operations, discusses the trends driving the growth -- and the challenges ahead.

Philips Reports Third Quarter Profit of $728 Million

Royal Philips Electronics NV (PHG) reported third quarter earnings of 524 million euros ($728 million), or 55 euro cents per share, up from 174 million euros a year earlier. Profit rose on lower costs and a gain of 154 million euros from the sale of the company%u2019s stake in NXP Semiconductors, Philips said in a statement.

Philips Names Van Houten New CEO as of April 2011

Royal Philips Electronics (PHG) named Frans van Houten as its new CEO, effective April 2011. Van Houten, 50, will replace Gerard Kleisterlee, Bloomberg News reported. Van Houten was a member of the Philips management board until 2006, and led the spinoff of the company%u2019s semiconductor business.