BRIEF-Philips sells WOOX innovations for $135 mln

April 28 Mon Apr 28, 2014 1:16am EDT

April 28 (Reuters) - Philips

* Signed an agreement regarding sale of WOOX innovations to Gibson brands, inc.,for $135 million

* Deal also includes license agreement for an initial period of 7 years. Deal is expected to close in second half of 2014 Further company coverage:

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.