World Business Briefing: The Netherlands: Royal Philips Raises Forecast
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Royal Philips Electronics, one of Europeâs largest makers of medical equipment and electronics, said it would more than double profit by 2010 as it streamlines the company. The chief executive, Gerard Kleisterlee, left, said the company was also pursuing acquisitions in health care, lighting and consumer lifestyles, with a focus on emerging markets, namely those in Asia. âWe are always in talks,â he said. âThe timing of acquisitions is always unpredictable.â Philips is paring its business units into three sectors, which will save an estimated 150 million euros to 200 million euros ($205 million to $274 million) by 2010, Mr. Kleisterlee said.
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AMSTERDAM, Netherlands (Dow Jones/AP) -- Royal Philips Electronics NV Friday lowered the outlook for its semiconductors division and its industry growth prediction, giving another indication that the sector is experiencing a slowdown due to high inventory
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Tech stocks such as flat-screen maker LG.Philips drove Asian markets higher on Monday, while optimism about the Japanese economy lifted Tokyo shares and kept the yen at a five-year high against the dollar.
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Dutch Philips Electronics  said on Wednesday it plans to repurchase 5 billion euros ($7.2 billion) worth of its own shares within the next two years, starting on January 2.
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Royal Dutch Shell Plc posted a 2.6 percent rise in underlying quarterly profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.
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Tech stocks such as flat-screen maker  LG.Philips drove Asian markets higher on Monday, while optimism  about the Japanese economy lifted Tokyo shares and kept the yen  at a five-year high against the dollar.
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European stock markets struggled in early trading as a disappointing outlook from Dutch electronics giant Philips and record high oil prices dented sentiment, dealers said.
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Profit soared at technology conglomerate Philips Electronics NV in the third quarter thanks in part to gains on selling shares in other companies, but sales of consumer electronics were weak and the company said computer chip sales would be flat in the fourth quarter.
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LONDON (CBS.MW) - Philips Electronics, the largest consumer electronics maker in Europe, on Tuesday cautioned it expects flat sales in its semiconductor business in the fourth quarter and is seeing ongoing margin pressure in consumer electronics.
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Royal Dutch Shell (RDSa.L) posted a  record European company profit of $27.6 billion for 2007, but  lower production and indications of reserves suggest earnings  growth will rely on oil price rises for some years to come.
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Dutch Philips Electronics   said on Wednesday it plans to buy back 5 billion euros ($7.2 billion) of its own shares after hedge fund pressure for the firm to improve its performance and capital structure.
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SAN JOSE, Calif. --(Business Wire)-- Nov. 2, 2004 -- Nokia, Royal Philips Electronics (NYSE:PHG)(AEX:PHI) together with Rhein-Main Verkehrsverbund (RMV), public transport authority for Frankfurt&#39;s greater
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Investor's Business Daily - Philips Semiconductors has a plan to cash in on the craze for cool new features in cell phones.
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Mobile phone maker Nokia raised its  third-quarter sales and earnings forecasts on Thursday on the  back of strong market demand, reversing a recent spate of grim  outlooks and sending its share price higher.
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PeopleSoft Inc. Monday raised its forecast for the just-ended quarter, helped by an increased average selling price and strong performances in North America and Europe.
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The company raises earnings guidance, boosting the stock.
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Belgian-based supermarket group Delhaize (DELBt.BR: Quote, Profile, Research) raised its outlook for the year after beating expectations with a 33-percent third