Steve Rusckowski News
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Haitian Prime Minister Laurent Lamothe, Donna Karan and Sean Penn were at the Inter-American Development Bank’s Cultural Center last night for the opening of “Discover Haiti,” an exhibition of products and artwork from the beleaguered island.
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Royal Philips Electronics NV, the world’s biggest lightbulb maker, said the chief of its health care unit resigned, the latest departure in a management reshuffle led by Chief Executive Officer Frans van Houten.
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Royal Philips Electronics NV is looking for acquisitions as it expands in cardiology, oncology and women’s health and plans to work with Google Inc. and Microsoft Corp. to improve home-care offerings.
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Royal Philips Electronics NV forecast weakening demand for health-care equipment in Europe next year as deteriorating economies crimp spending on body scanners and heart monitors.
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Royal Philips Electronics NV won U.S. approval to sell a combination scanner that performs both PET and magnetic resonance imaging, in a competition to capture a share of the world’s biggest health-care market from incumbent General Electric Co.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
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Royal Philips Electronics NV aims to prove remote health-monitoring can be efficient and save cash as it competes against companies including General Electric Co. and Intel Corp. in a market that may exceed $8 billion by 2012.
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Royal Philips Electronics NV , the world’s largest maker of patient-monitoring systems, said healthcare markets are returning to pre-crisis levels and growth in the U.S. is expected to be in the “low single-digits” this year.
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