Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
The former cellmate's lawyer, Bruce Barket, told NBC that officials at the jailhouse said in an email that Tartaglione would face no charges or internal discipline now that...Politicsread more
Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
Dutch health care technology company Philips reported weaker-than-expected third-quarter net income on Monday, citing subdued growth in key markets and foreign currency headwinds.
Here are the key highlights:
"The profit improvement of 40 basis points on the operating income could have been a bit higher if it were not for currency headwinds, which were sizable in the emerging markets. It is something that of course we will compensate as we go forward so not a structural issue," Frans van Houten, CEO of Philips, told CNBC's "Squawk Box Europe" on Monday.
"The other thing that we saw coming is the start of duties and sanctions against, something that we are concerned about, but I want to reiterate that overall Philips is on track to meet its goal of 4 to 6 percent of growth this year," he added.
Despite rising sales and improving margins, Philips posted a profit of 292 million euros ($335 million) for the quarter ending Sept 30. Analysts at data firm Refinitiv had been expecting third-quarter profit to come in at around 350.5 million euros.
Adjusted earnings before interest, tax and amortization (EBITDA) came in at 590 million euros in the third quarter, compared with 532 million in the same period last year.
Revenue increased to 4.31 billion euros from 4.15 billion euros in the same period last year, with comparable sales growth up 4 percent.
Since the separation of its lighting division in 2016, the firm focuses on medical devices and health care products ranging from medical scanners to toothbrushes.
The company also announced Monday it had initiated a share repurchase program for up to 5 million shares. At the current share price, this program is expected to total 174 million euros. It is expected to be completed by November 10.
Shares of Philips are up almost 10 percent year-to-date.