Philips Says Cost-Cutting Program Boosting Profits

Oct. 22 (Bloomberg) -- Frans van Houten, chief executive officer of Royal Philips Electronics NV, talks about third-quarter profit at the world’s largest lighting company. He speaks from Amsterdam with Linzie Janis on Bloomberg television's "Countdown." (Source: Bloomberg)
Budapest Trains Suspended as Refugees Flood Station
15:45 - Hungary has suspended direct trains from Budapest to western Europe. The railway company has cited security reasons for the move as thousands of refugees flood the station. Bloomberg's Hans Nichols reports on "Countdown." (Source: Bloomberg)
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