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Philips Settles US Sleep Apnea Claims for $1.1 Billion

Philips Settles US Sleep Apnea Claims for $1.1 Billion
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Philips Posts Record Surge After US Sleep Apnea Settlement

(Bloomberg) Royal Philips NV shares soared by a record after a lower-than-expected settlement on US claims linked to faulty sleep apnea devices, stoking hopes the manufacturer has moved past concerns that have dogged it for the past three years. Most Read from BloombergMusk Wins Tentative Clearance for Tesla Driving System in ChinaMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Intervention Suspicio ....

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