Profitloss Centerstage Events

The consolidation wave in Europe's banking industry has brought together Deutsche Bank and Dresdner Bank takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 1

Microsoft Corp. is quits the software-industry trade association that has...

Microsoft Corp. is quits the software-industry trade association that has backed the government's antitrust lawsuit against the company.

Monday, 6 March, 2000

Cap Gemini Announces Strategic Alliance With Cisco Systems provide systems...

Cap Gemini Announces Strategic Alliance With Cisco Systems provide systems and services for the Internet economy.

Tuesday, 7 March, 2000

IBM Buys Stakes in i2, Ariba, Showing Focus on Business-to-Business...

IBM Buys Stakes in i2, Ariba, Showing Focus on Business-to-Business Market.

Wednesday, 8 March, 2000

A bomber in Sri Lanka blew him up, killing 18...

A bomber in Sri Lanka blew him up, killing 18 other people and wounding 46 on a busy street Thursday, but apparently missed his target -- a motorcade of cabinet ministers.

Thursday, 9 March, 2000

The consolidation wave in Europe's banking industry has brought together...

The consolidation wave in Europe's banking industry has brought together Deutsche Bank and Dresdner Bank, who announced their plans to merge in a $29.6 billion deal. This move is expected to create a stronger banking entity that can better compete in the global financial market. The merger will bring together the resources and expertise of the two banks, resulting in increased operational efficiency and a wider range of financial products and services for their customers. However, the merger may also result in job cuts and the consolidation of branches and operations, as the new entity seeks to eliminate redundancies and reduce costs. The impact of this merger on the broader European banking industry remains to be seen, as other banks may also seek to consolidate in response to this trend.

Friday, 10 March, 2000

European shares advanced Friday as telecommunications and semiconductor issues boosted...

European shares advanced Friday as telecommunications and semiconductor issues boosted French and Dutch stocks.

Saturday, 11 March, 2000

U.K. and France Back Koehler, German Candidate, to Head IMF....

U.K. and France Back Koehler, German Candidate, to Head IMF. Horst Koehler, a German politician and former President of Germany, as Managing Director of the International Monetary Fund (IMF) is supported by the United Kingdom and France, as well as other European countries. This breaks the tradition of appointing an American as head of the IMF.

Sunday, 12 March, 2000