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AMSTERDAM (Reuters) - Philips said on Tuesday it would break its 120-year-old company in two, creating a stand-alone lighting business and merge consumer and healthcare divisions into a 15-billion euro business. The company said the new structure would bring cost savings of 100 million euros (128.46 million US dollar) next year and a further 200 million euros in 2016. It expects restructuring charges of 50 million euros from 2014 to 2016. ...
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The hours we pass with happy prospects in view are more pleasing than those crowded with fruition.
Goldsmith (1728-1774) English Poet and Prose Writer