Profitloss Centerstage Events

Ground breaking treatment for hepatitis C took centerstage on Saturday, 12 April 2014 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 1

South African retailer Woolworths makes a bid of AUD 2.15...

South African retailer Woolworths makes a bid of AUD 2.15 billion for Australian department store operator David Jones. The offer represents a 25% premium to David Jones's closing price, potentially triggering rival bids. Myer Holdings withdraws its previous proposal following Woolworths's higher offer. This bid signals a potential shift in the Australian retail landscape and may lead to further consolidation within the industry.

Monday, 7 April, 2014

Toyota announces a global recall of 6.39 million vehicles, the...

Toyota announces a global recall of 6.39 million vehicles, the second-largest recall in the company's history, due to various faults affecting multiple parts. The glitches, found in 27 Toyota models as well as vehicles produced for General Motors and Fuji Heavy Industries, have not caused any known accidents or injuries. Toyota expresses apologies for the inconvenience and pledges to address the issues promptly, emphasizing customer safety.

Tuesday, 8 April, 2014

Vodafone Group increases its stake in Vodafone India, buying out...

Vodafone Group increases its stake in Vodafone India, buying out minority shareholders to gain full control of its Indian subsidiary. The acquisition of an 11% stake from Piramal Enterprises, combined with a 4.5% stake purchased from businessman Analjit Singh, results in Vodafone owning 100% of its Indian operations. This move enhances Vodafone's presence in the rapidly growing Indian mobile telecom market.

Wednesday, 9 April, 2014

BMW recalls approximately 500,000 vehicles worldwide due to a defect...

BMW recalls approximately 500,000 vehicles worldwide due to a defect in an engine part. The recall, initiated in China and later expanded to the United States, involves vehicles produced between September 2009 and November 2011. The defect pertains to bolts in the engine-control system that may loosen or break, potentially causing engine stalling. No accidents have been reported, and BMW is taking proactive measures to rectify the issue.

Thursday, 10 April, 2014

Scientists announce a groundbreaking treatment for hepatitis C that achieves...

Scientists announce a groundbreaking treatment for hepatitis C that achieves a 90% cure rate in 12 weeks. This development is considered a major breakthrough and a turning point in hepatitis C treatment. With over 200,000 people infected in the UK and a threefold increase in related deaths, the new treatment offers hope by significantly improving cure rates compared to the existing treatment, which only succeeds in half of cases.

Friday, 11 April, 2014

Prime Minister of Libya, Abdullah al-Thani, resigns, citing an attack...

Prime Minister of Libya, Abdullah al-Thani, resigns, citing an attack on him and his family. The circumstances surrounding the attack and his decision to step down are not specified. This development adds to the political turmoil in Libya, where stability and security have been major challenges since the overthrow of President Muammar Gaddafi in 2011.

Saturday, 12 April, 2014

TIAA-CREF announces plans to acquire Nuveen Investments for $6.25 billion,...

TIAA-CREF announces plans to acquire Nuveen Investments for $6.25 billion, creating a combined firm with $800 billion under management. This deal propels TIAA-CREF into the top ranks of money management, positioning it closer to industry leaders such as BlackRock, Vanguard Group, and Fidelity Investments. The acquisition includes debt and will significantly expand the assets under management for both companies.

Sunday, 13 April, 2014