(Reuters) - Paris prosecutors opened a criminal probe into Philips in June over its recall of sleep apnea devices, probing possible charges including aggravated fraud and failure to report safety ...

Technology company Philips plans to cut an estimated 5% of its workforce, about 4,000 positions, due to losses caused by the recall of a sleep apnea product as well as supply chain issues, according ...

STORY: Philips CEO Frans van Houten will stand down. Tuesday's announcement comes as the firm undergoes a massive product recall that has halved its market value over the past year. The company said ...