Royal Philips (NYSE:PHG) reported quarterly earnings of €0.25 per share. This is a 37.5 percent decrease over earnings of €0.40 per share from the same period last year. The company reported €4.31 billion in sales this quarter. This is a 3.71 percent increase over sales of €4.16 billion the same period last year.
Costco’s Brand New Store In Southern China Sparks Shopping Frenzy Amid Economic Slowdown: Report
Costco's new store in southern China attracted massive crowds amid the country's economic slowdown, with customers queuing for hours, reflecting changing consumer behavior favoring budget shopping options.
