Wolters Kluwer NV, Europe’s largest tax and legal publisher, will expand its China workforce by 17 percent in the next six months to seize opportunities presented by the nation’s reforms of the health and legal industries.
Royal Philips Electronics NV, the world’s biggest maker of light bulbs, plans to cut 4,500 jobs to revive earnings after quarterly profit fell to the lowest in almost two years and the company predicted no near-term rebound.
Frans van Houten, 100 days into his job as chief executive officer at Royal Philips Electronics NV, is poised to announce a bigger overhaul of the Dutch maker of lighting and DVD players, drawing on cost-cutting skills honed when working with private equity firms.
ASML Holding NV , Europe’s biggest semiconductor equipment maker, posted fourth-quarter profit that beat analyst estimates, with 2010 sales rising to a record. Shares tumbled on concern this year may not be as strong.
ASML Holding NV , Europe’s biggest maker of semiconductor equipment, reported second-quarter profit that beat analysts’ predictions and forecast that 2010 sales will rise to a record level as chip companies boost spending.
Royal Philips Electronics NV dropped the most in more than two months in Amsterdam after the world’s biggest lighting company said it’s “cautious” for the year’s final three months because of the current economic climate.
Toshiba Corp. plans to sign at least three partnerships in the next 12 months to manufacture lighting fixtures in Europe as it seeks to become the region’s third-biggest supplier of light-emitting diodes.
Royal Philips Electronics NV, the world’s largest lighting company, reported third-quarter profit that beat analysts’ estimates as Chief Executive Officer Frans van Houten’s cost-cutting efforts bore fruit.