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Weaker European economy pushed Philips to Q4 loss 
Philips cuts more jobs, TV division sale delayed 
Philips in Chinese TV joint venture Philips Electronics has signalled brighter business prospects for the rest of this year and surprised the market with a return to profit in the second quarter.
The Dutch conglomerate remained cautious but expects an improved performance saying some of its markets – notably in emerging economies – may be bottoming out. Helped by cost cuts, earnings before interest and taxes were 118 million euros for Europe’s top consumer electronics firm.More about: Electronics, NetherlandsCopyright © 2012 euronews
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