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Dutch health technology company Philips presents the company's financial results for the fourth quarter in Amsterdam

Philips Parts Ways With CEO In Midst Of Massive Recall

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 value over the past year.
Display of stock information in Shanghai

Stocks Drift, Oil Slumps On Recession Fears

Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.

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