Philips bids farewell to CEO amid massive recall

Philips bids farewell to CEO amid massive recall

Van Houten leaves the helm after almost 12 years To be replaced on October 15 by Connected Care head Jakobs Shares up 2% but down more than 50% since product recall AMSTERDAM, Aug. 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health tech company said … Read more

American Airlines bets on supersonic travel with Boom jet deal

Aug 16 (Reuters) – American Airlines Group Inc (AAL.O) on Tuesday agreed to purchase up to 20 jets from aircraft maker Boom Supersonic, making it the second major U.S. airline to bet on ultra-fast passenger travel in the past two years. The deal brings Boom’s order book to 130 aircraft, including options, worth about $26 … Read more

US housing market starts near 1-1/2-year low; factory output bounce back

Home start-up drops 9.6%; building permits fall 1.3% Single-family start tumbles 10.1%; licenses decrease 4.3% Home construction backlog is up 5.0% Production production recovers 0.7% WASHINGTON, Aug. 16 (Reuters) – US housing construction fell to its lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and building materials prices, suggesting … Read more

Angry China hosts more exercises near Taiwan as US lawmakers visit

China holds drills near Taiwan as US lawmakers visit China shows images of Taiwan’s strategic Penghu Islands Taiwan President: Committed to Maintaining Stability BEIJING/TAIPEI, Aug. 15 (Reuters) – The Chinese military said it conducted more exercises near Taiwan on Monday, when a group of US lawmakers visited the island claimed by China and met President … Read more

NYSE Delisting Signal Indicates Beijing May Be Willing To Compromise Over US Audit Disputes Analysts

A trader walks on the floor of the New York Stock Exchange (NYSE) in New York City, USA June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug. 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) indicates … Read more

UK is first to approve Omicron COVID shot with Moderna nod

A nurse prepares a dose of the Moderna coronavirus disease (COVID-19) vaccine at Glangwili General Hospital in Carmarthen, Wales, UK April 7, 2021. Jacob King/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register UK’s JCVI to decide how shot should be deployed UK will start another COVID booster program in the fall … Read more

American actor Anne Heche is taken off the ventilator 9 days after car accident

Aug 14 (Reuters) – American actor Anne Heche will be taken off a ventilator on Sunday, nine days after she suffered serious injuries in a fiery car accident after a compatible person took delivery of her donated organs, a spokesman said. Heche, 53, had been legally dead since Friday, although still with a heartbeat, and … Read more

Former Deutsche Bank co-CEO Anshu Jain passed away

Anshu Jain, co-CEO of Deutsche Bank, addresses the bank’s annual general meeting in Frankfurt, Germany, May 21, 2015. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register Aug 13 (Reuters) – Anshu Jain, a top financial director best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on the largest Wall Street … Read more

Platoon to cut jobs, close stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said Friday it would cut jobs, close stores and raise prices for its fitness equipment, including treadmills and high-end bicycles, as it undergoes a company-wide revamp to boost its sales and better cash flow. Shares of the company rose about 11% in afternoon trading after the company … Read more

Climate risks dwarf Europe’s energy crisis, space chief warns

PARIS, Aug 11 (Reuters) – The head of the European Space Agency (ESA) has warned of economic damage from heatwaves and drought that could overshadow Europe’s energy crisis, as he called for urgent action to tackle climate change. Director-General Josef Aschbacher told Reuters that successive heatwaves, wildfires, shrinking rivers and rising land temperatures, measured from … Read more