Merkel Commits to New Renewable Energy Policy

Oct. 17 (Bloomberg) -- Bloomberg Europe Editor David Tweed reports that German Chancellor Angela Merkel has backed a proposal to address the glut of EU carbon permits. He speaks on Bloomberg Television’s “The Pulse.”

Philips CEO Expects Operational Improvements to Continue
30:06 - Royal Philips NV, the Dutch health-care equipment maker, reported second-quarter profit that rose more than expected on cost savings and said earnings will improve in the second half of the year. Adjusted earnings before interest, taxes and amortization rose 8.6 percent to 544 million euros ($596 million), the Amsterdam-based company said in a statement Monday. That beat the 519-million-euro average estimate of analysts surveyed by Bloomberg. The company kept its full-year outlook. Chief Executive Officer Frans van Houten Chief Executive Officer Frans van Houten discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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