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North American TV Sales Drag Philips Down

Profits off 28% in first quarter as electronics giant feel pinch

By Jim O'Neill,  Newser User

Posted Apr 14, 2008 10:15 AM CDT

(Newser) – An expanding health-care sector in China couldn’t help Royal Philips Electronics offset poor television and video sales in North America, as the world’s leading lighting company reported core profits fell 28% in the first quarter, Reuters reports today. The company said it expects...   Read full story »

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