Dutch electronics giant Philips to cut 6,000 jobs worldwide

( ) -q-22- UNDATED (Correspondent Jeremy House) “and economic headwinds.”

Dutch consumer electronics and medical equipment maker Philips says it is cutting 6,000 jobs worldwide over the next two years.

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Out-cue: and economic headwinds]

TAG: Correspondent Jeremy House reporting. Philips CEO Roy Jakobs said 2022 was “a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and step up performance with urgency.”

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VERBATIM: The company made the announcement as it revealed a net loss of 1.7 billion dollars in 2022. The job losses come on top of a reduction of 4,000 staff the company announced in October. The company, which has its headquarters in Amsterdam, is reeling from a worldwide recall of sleep apnea machines and economic headwinds.

Biden, McCarthy to discuss debt limit on Wednesday

House Speaker Kevin McCarthy will meet with President Biden at the White House this week. Wednesday’s meeting will be their first sit-down since McCarthy became speaker. Topping the agenda is lifting the debt ceiling so the government can pay bills it already incurred. The two leaders have different approaches. The president wants to increase the debt limit without any conditions, while the speaker wants to include spending cuts in any agreement. However, McCarthy is pledging that cuts to Social Security and Medicare will be off the table.

Sales, Inflation Rate Indicate Rate Hikes Slowing Economy

It’s the latest evidence that the Fed’s series of interest rate hikes is slowing the economy. Prices rose 5% last month compared to the previous year, DOWN from the 5.5% year-over-year increase seen in November. It was the third straight drop.

Former President Trump Kicks Off Campaign Events

The former President is kicking off his 2024 campaign with two stops along the East Coast. More from Correspondent Bernie Bennett.

Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.

Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.

Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.

Bernie Bennett reporting.

Indictments handed up in attacks on pro-life pregnancy centers

Indictments have been handed up in attacks on pro-life pregnancy centers

VERBATIM: A federal grand jury has charged two Florida men with vandalizing pro-life facilities in Winter Haven, Hollywood and Hialeah. Marjorie Dannenfelser of Susan B. Anthony Pro-Life America says it’s about time, adding “Since the leak of the Dobbs decision eight months ago, there have been at least 79 attacks — including firebombings and threats of violence — on pregnancy centers and other nonprofits working to save lives.” She credits GOP lawmakers for pressuring the Department of Justice. Michael Harrington, SRN News.

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