Stocks to Watch: Philips, Unilever, Shell, Rio Tinto

The video covers several business news stories. Phillips reports strong financial numbers but faces challenges with a product recall and job cuts. Unilever announces a leadership change with Heinz Schumacher taking over as CEO, following a failed acquisition attempt. Shell is undergoing a restructuring of its business units, with expectations of financial results soon. Lastly, Rio Tinto has lost a radioactive capsule in the Australian desert, a peculiar incident in the commodities sector.

How many job cuts is Phillips potentially facing, and what is the reason behind it?

What unusual incident occurred with Rio Tinto in the Western Australian Desert?