Profitloss Centerstage Events

Bridgestone/Firestone Inc. is offering to replace 6.5 million tires, mostly on Ford light trucks and sport-utility vehicles takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 1

A group of 28 US states has filed a lawsuit...

A group of 28 US states has filed a lawsuit against major record labels, alleging that they have maintained artificially high prices for CDs since 1995.

Monday, 7 August, 2000

Phone.com Inc. and Software.com Inc., which provide Internet software to...

Phone.com Inc. and Software.com Inc., which provide Internet software to telecommunications companies, have agreed to merge in a $6.4 billion stock-swap deal. The new company will be led by Donald J. Listwin, who previously worked at Cisco Systems Inc. and has been lured away to head the newly merged company. Both companies' boards have approved the merger, and the announcement was made on Wednesday. The companies did not provide any specific details about the changes that the merger will bring.

Tuesday, 8 August, 2000

Bridgestone/Firestone Inc. is offering to replace 6.5 million tires, mostly...

Bridgestone/Firestone Inc. is offering to replace 6.5 million tires, mostly on Ford light trucks and sport-utility vehicles, as it faces increasing public attention over fatal traffic accidents allegedly linked to its tires. This marks the second-largest tire recall in history.

Wednesday, 9 August, 2000

Late Wednesday, Hamburg-based electrical power company Hamburgische Elektrizitaets-Werke AG (HEW)...

Late Wednesday, Hamburg-based electrical power company Hamburgische Elektrizitaets-Werke AG (HEW) announced its plan to acquire the 49% stake in Berlin utility Bewag AG currently held by German energy company E.On AG. In exchange, E.On will receive HEW's 15.7% stake in Swedish utility Sydcraft AB, its 61.9% stake in natural gas company Hein Gas Hamburger Gaswerke GmbH, and €248 million ($223.1 million) in cash.

Thursday, 10 August, 2000

The Foreign Investment Promotion Board (FIPB) has recommended 38 cases...

The Foreign Investment Promotion Board (FIPB) has recommended 38 cases of Foreign Direct Investment valued at Rs. 952 crores, which have been approved by the Commerce and Industry Minister, Mr. Murasoli Maran. The proposals cover various sectors such as bulk drugs, internet software solutions, health care, petroleum, auto industry, Indian medicine systems, personal computers, and banking activities. Among the major proposals cleared is the INR. 430 crore investment by the Qatar-based Ras Laffan Liquefied Natural Gas Company for setting up LNG receiving facilities. Additionally, the proposal of Intel Technology, which envisages an investment of Rs. 169 crores, for expansion of activity as well as expansion of the company's capital base has been approved. L.G. Information Systems has also been allowed to hike its equity stake from 54.52 to 100 per cent. The company is involved in the manufacture of public switching systems, wireless local loop systems, CDMA terminals, and other transmission products. An official release states that the FDI proposals have been approved in various sectors.

Friday, 11 August, 2000

India is demands that the United States declares Pakistan a...

India is demands that the United States declares Pakistan a terrorist state and has provided Washington with compelling evidence to support its claim.

Saturday, 12 August, 2000

The antitrust regulator of the European Commission intensifies their examination...

The antitrust regulator of the European Commission intensifies their examination of the nuclear power industry by commencing an in-depth investigation into the joint venture for equipment production proposed by Siemens AG of Germany, and France's Framatome SA and Cogema SA. The commission cautions that the proposed partnership would lead to the three companies having an excessively large share of the market in the manufacturing of certain nuclear power equipment, and added that "the transaction has to be assessed within a broader context, taking into account the overall impact on nuclear technology markets."

Sunday, 13 August, 2000