Topic - Philips

WASHINGTON — Medical device maker Philips said Monday it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S. over its defective sleep apnea machines, which have been subject to a massive global recall.

Philips to pay $1.1 billion to resolve U.S. lawsuits over breathing machines that expel debris →

Other big names such as Google, Citigroup, Morgan Stanley, Philips, Stripe and even Disney have already announced hundreds of thousands of more layoffs and hiring freezes heading into the new year.

Big businesses have begun 'cutting the fat' →