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Philips shocks with 2014 warning

Unfavourable currency effects, restructuring costs and weakness in China and Russia are to blame for an unexpectedly large dip in Q1 profits, Philips CEO Frans van Houten tells Reuters. David Pollard reports.

http://www.wcsh6.com/video/3495617548001/1/Philips-shocks-with-2014-warning http://cdn.newslook.com/d9/d942e0ad66041e1d539b798a787f10d9/images/frame_ext.jpg Philips shocks with 2014 warning Unfavourable currency effects, restructuring costs and weakness in China and Russia are to blame for an unexpectedly large dip in Q1 profits, Philips CEO Frans van Houten tells Reuters. David Pollard reports. FinanceMike IngramFrans van HoutenUkrainephilipsReutersBGC PartnersInc.BGCPdavid pollardnewslookWorldRussiaChina 01:45

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