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The new chief executive of Philips is accelerating his turnaround plan after the Dutch electronics firm posted a surprise net loss of 1.3bn euros ($1.83bn; £1.13bn) for the second quarter.Frans van Houten blamed the poor figure on weak markets and write-downs of the value of its lighting and healthcare assets.He said he intended to make 500 million euros of further cost savings - the equivalent of about $700m (£435m).He also warned there may be more job losses on top of the 6,000 that have already been cut at the firm.
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Video Length: 0
Date Found: July 18, 2011
Date Produced: July 18, 2011
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 BBC News |
July 18, 2011
A year and a half since an earthquake destroyed the Haitian capital Port-au-Prince, it is estimated at least 600,000 people still live in settlement camps, many facing a daily struggle for survival.Their story is one which Dr Paul Farmer - a US anthropologist and physician - tells in his new ...
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 BBC News |
July 18, 2011
The head teacher of a Denbighshire secondary school closed after travelled moved onto the grounds says he had to shut for health and safety reasons.
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 BBC News |
July 18, 2011
Ed Miliband says News International "thought it was beyond responsibility", but that politicians are to blame for allowing the company to go "unchallenged for so long".
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 BBC News |
July 18, 2011
Deposed Egyptian President Hosni Mubarak has lapsed into a coma in a hospital in the Red Sea resort of Sharm el-Sheikh, his lawyer says.
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 BBC News |
July 18, 2011
Bong Borja of Aegis People Support tells the BBC’s Kate McGeown why companies are choosing the Philippines for their outsourcing work.
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