Royal Philips Electronics NV, the world's largest lighting maker, said Monday it will slash 4,500 jobs after third quarter earnings fell sharply, hurt by a strong euro, weaker margins and more losses at its television division, which it intends to sell. http://www.pennlive.com/newsflash/index.ssf/story/philips-q3-profits-fall-86-percent-to-cut-jobs/1026248361ae4cf6b6ec12f1a65f1171
 


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