Tag: Philips

South China Standoff

Growing tensions between Beijing, Manila over disputed fishing waters could lead to conflict

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Armed Chinese "fisheries protection ship" in disputed waters near Philippines

Tensions between China and the Philippines remain high and U.S. officials say the likelihood Beijing will take some type of military action is growing.

Loose Bulbs

Department of Energy allowed light bulb manufacturer to skirt the rules in L Prize competition, documents suggest

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AP Images

The Department of Energy awarded lighting giant Philips the $10 million L Prize despite the fact that the winning energy-efficient bulb failed to meet several contest criteria requirements, according to documents obtained by the Washington Free Beacon.

Obama’s Dim Bulbs

U.S. Taxpayer paid Philips Global $10 million and all they got was a $50 light bulb

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AP Images

The Department of Energy paid Dutch energy-giant Philips Global $10 million for its newest LED light bulb. Now the two are trying to figure out what to do with it. The bulb, which is slated to replace the 60-watt incandescent light bulb lawmakers banned in 2007, costs $50, well above the $1 consumers are used to spending on traditional bulbs and double the price of many existing LED lights.