Profitloss Centerstage Events

America On-line announcing to buy Time Warner for $162 billion takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 2

Elizabeth II bought a 5percent stake in the Millennium Mapping...

Elizabeth II bought a 5percent stake in the Millennium Mapping Company —which is creating a huge aerial photo of the United Kingdom. Queen Elizabeth's investment in the company is seen as a show of support for the project and for the use of technology to document the country's landscape. The investment also highlights the Queen's interest in technology and innovation, as well as her role as a patron of the arts and sciences.

Monday, 10 January, 2000

E*Trade Group Inc. received approval from federal banking regulators to...

E*Trade Group Inc. received approval from federal banking regulators to acquire Telebanc Financial Corp., paving the way for a combined bank and brokerage offering on the internet in just a few months. The deal had already been approved by both companies' boards and was expected to close soon. The deal is valued at approximately $1.8 billion.

Tuesday, 11 January, 2000

Steve Ballmer is named as the new chief executive officer...

Steve Ballmer is named as the new chief executive officer of Microsoft, succeeding Bill Gates, who stepped down from the position to focus on his philanthropic work. Ballmer, who has been with Microsoft since 1980, is seen as a natural successor to Gates and a strong leader who could continue to drive the company's growth and innovation.

Wednesday, 12 January, 2000

Dayton-Hudson is renamed the Target Corporation. Target had been introduced...

Dayton-Hudson is renamed the Target Corporation. Target had been introduced as a discount retail chain by Dayton-Hudson in the 1960s, and it had quickly gained a loyal following for its trendy merchandise, stylish store design, and low prices. By the late 1990s, Target had become the most successful of Dayton-Hudson's retail brands, and the company made the strategic decision to focus on expanding and building the Target brand. The name change to the Target Corporation is seen as a way to signal the company's commitment to its discount retail business and to create a stronger, more cohesive brand identity.

Thursday, 13 January, 2000

Taiwan shares posted gains following concerns over a possible increase...

Taiwan shares posted gains following concerns over a possible increase in US interest rates that had dampened investor confidence in the Asian-Pacific markets the previous day. The gains in the US markets, combined with the passage of a 500 billion New Taiwan dollar stock stability fund, boosted investor confidence and led to a 1.9% rise in Taiwan shares. The rise in Taiwan shares is a positive sign for the Asian-Pacific markets, which had been experiencing mixed results due to concerns over a possible interest rate hike in the US. The US Federal Reserve had been considering raising interest rates in response to a strong economy and low unemployment, which could have a negative impact on markets that are heavily reliant on US investment and trade.

Friday, 14 January, 2000

Ricardo Lagos is elected as the president of Chile, following...

Ricardo Lagos is elected as the president of Chile, following a run-off election in which he is the candidate of the Party for Democracy. Lagos' election is significant for several reasons, including his status as the first socialist president in Chile since the 1970s, and his background as a respected economist and academic.

Saturday, 15 January, 2000

Dr. Jean-Pierre Garnier is the "hands-down logical choice" to lead...

Dr. Jean-Pierre Garnier is the "hands-down logical choice" to lead the newly merged SmithKline Beecham PLC and Glaxo Wellcome PLC, following the $75.7 billion deal that is expected to be unveiled the following day. According to people familiar with the negotiations, Dr. Garnier is instrumental in making the merger happen, and without him, the deal might not have come to fruition. The combined company, which is named GlaxoSmithKline, has a market capitalization of over $180 billion and was expected to lead the industry in areas such as research and development, manufacturing, and marketing.

Sunday, 16 January, 2000