LEDVANCE announced Matt McCarron as Vice President of Industrial Commercial Channel for the U.S. and Canada, filling the role held by Mark Corcoran who retired this year but is acting as senior advisor for the trade channel over the coming months.  LEDVANCE is one of the world's leading providers of lamps for professional users and retail customers offering SYLVANIA LED lamps as well as a wide range of traditional light sources, standardized luminaires and connected lighting solutions in North America.

Landing International Development posted a large net loss, despite its revenues rising 3.07 times annually in first six months of 2016 to reach HK $445 million (US $57.39 million).

Philips reports Q2 sales of EUR 5.9 billion (US $6.49 billion) and comparable sales growth of 3%, a 9% improvement in Adjusted EBITA to EUR 544 million and net income of EUR 431 million

Group Financials have been restated as of the fourth quarter of 2014 and for prior periods to show the results of the combined businesses of Lumileds and Automotive as discontinued operations in connection with the process of attracting third-party investors.