Philips

A federal court in the United States banned Philips from selling some of its medical devices, including defibrillators, until further notice. This ruling applies to the Philips factory in Andover and company managers Carla Kriwet and Ojas Buch. The ban will remain in effect until Philips makes improvements, Reuters reports.

The United States' Food and Drug Administration FDA recalled 47,362 Philips defibrillators because they may pose serious risks that may result in injury or even death, Financieele Dagblad reported on Wednesday. This is not actually a recall, only a warning of a minor problem with two defibrilators, a spokesperson for Philips said to the Telegraaf. 

Philips expects better results in the coming months, but is still concerned about turmoil in the financial markets, the technology company said on Monday with the presentation of its quarterly results. I the previous quarter Philips turnover amounted to 5.86 billion euros, a 2 percent decrease to the same quarter last year

Philips Lighting is set to hit the Euronext Amsterdam exchange on May 27th, if all goes well. The lighting division will be valued at between 2.78 billion euros and 3.38 billion euros, with shares costing between 18.50 and 22.50 euros

PSV Eindhoven is planning to experiment with the possibilities offered by the new LED lighting from Philips. The football team hopes to use the lighting to put spotlights on individual players, on the penalty area when there is a penalty and show the way to food stands with the shortest queues.

The digitization of the new economy is resulting in rapidly changing job opportunities for holiday workers. While holiday workers are still employed in traditional summer jobs such as bartenders and waiters, they are more and more also being employed in positions that didn't even exist 10 years ago.

Pearltect has won the 10th Philips Innovation Award for a self-defense bracelet intended to protect women from sexual abuse, Philips announced on the award's Facebook page.

A former purchaser of Philips grow lamps, who used them to improve cannabis production, is suing the company for preventing him from buying their products, reports broadcaster NOS. Philips stopped supplying the lamps to the entrepreneur because it did not want to be involved with production of cannabis.

Philips has sold a major part of its stake in LED and automotive lighting to the Chinese-American investment Go Scale Capital, a consortium of investors. The sale is expected to close in the third quarter and will bring in approximately 2.7 billion euros for Philips.

The Rotterdam Radio Museum is organizing an exhibition showing what World War II era radios and electronics were used in the Netherlands to keep contact with the Allies. The exhibition showcases illegal devices, military radios, common receivers and Morse transmitters specifically obtained for the display, the museum said.

Some of Philips' small foreign partner companies stole a total of about 20 million euros from the Dutch technology company by committing large-scale corporate fraud, De Telegraaf reports based on research from the Financieele Dagblad.