May 2- Philips Electronics NV:. *Philips: Berenberg raises price target to 26.40 euros from 25. Reuters Station users, click. 1580.
U.S. stock index futures pointed to a slightly higher open on Wednesday, with eyes on the Federal Reserve’s first policy statement of 2013.
European equities scaled fresh two-year highs on Tuesday, boosted by miners, as optimism about economic recovery gained momentum following encouraging U.S. home price data and comments over growth in top metals consumer China.
AMSTERDAM, Jan 29- Philips Electronics agreed to sell its audio and video business to Japan's Funai Electric Co for 150 million euros, quitting a traditional sector to focus on its more profitable home appliances and healthcare operations.