AMSTERDAM — Royal Philips Electronics NV, the world's largest lighting maker, says its third quarter earnings are down sharply from a year ago, hurt by falling sales, weaker margins and as its television joint venture continues to lose money. ... Philips profits fall 86 percent, to cut 4500 jobs
Sunday, October 16, 2011
Philips profits fall 86 percent, to cut 4500 jobs
AMSTERDAM — Royal Philips Electronics NV, the world's largest lighting maker, says its third quarter earnings are down sharply from a year ago, hurt by falling sales, weaker margins and as its television joint venture continues to lose money. ... Philips profits fall 86 percent, to cut 4500 jobs
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