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Electronics giant Philips profits fall 32.9% in second quarter

DutchelectronicsgiantPhilipsMondayposteda32.9percentfallinsecondquarterprofits,hitmainlybythecostsofspinningoffitslightingbusinesslastyear.Netincomedroppedto289

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Philips to buy medical device maker Spectranetics for 1.9 billion euros

DutchhealthcarecompanyPhilipshasagreedtobuyU.S.-basedSpectraneticsCorp,amakerofdevicestotreatheartdisease,for1.9billioneuros($2.16billion)includingdebt,asitexpa