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Philips loss widens in Q4; sheds division

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AMSTERDAM (AP) — Royal Philips Electronics NV Tuesday said it will sell the entertainment division which contains many of the consumer products for which it is best known, such as audio and video equipment, to Funai Electric Co., Ltd., of Japan for €150 million ($202 million) plus licensing fees. Funai will assume responsibility for the manufacturing of the Philips products but license...