Companies Focus On Constant-Currency Metrics to Soothe Investors’ Nerves

As the strong dollar pinches earnings, more companies emphasize figures that strip away the negative impact of exchange rates. Read More...


Philips to cut 4,000 jobs ‘immediately’ after bigger-than-expected loss

Royal Philips on Monday said it will “immediately” cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announced the layoffs in a shareholder note, saying the company faces “multiple challenges and our earnings reflect this.” He said Philips plans to strengthen patient safety and quality management, address “various facets” of the Philips Respironics recall and “urgently” improve supply chain operation. The job cuts will help improve product

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