Tuesday, January 29, 2013 6:57 pm
News Summary: Philips to sell division, loss grows
The Associated Press
SEEING THE LIGHT: Philips still makes household products like coffee machines and electric toothbrushes, but it is gradually shifting away from consumer electronics manufacturing. Its cutting-edge technologies are mostly concentrated in lighting and health care equipment.
BIGGER LOSS: A big fine from European regulators dragged on its fourth-quarter results, and Philips' loss widened from the year before.