frans van houten

Dutch health technology company Philips on Tuesday unexpectedly announced the imminent departure of CEO Frans van Houten, in the midst of a massive product recall that has halved its market…

Royal Philips NV has been subpoenaed by the Justice Department in relation to a sprawling and costly recall of breathing-aid devices affecting millions of sleep-apnea patients.The Dutch…

Dutch health technology company Philips said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to…