Profitloss Centerstage Events

Diplomatic relations between the United States and Cuba after 55 years took center stage on Thursday, 18 December 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 3

NASA achieves a significant milestone by emailing hardware, specifically a...

NASA achieves a significant milestone by emailing hardware, specifically a wrench, to the International Space Station (ISS) using the Zero Gravity 3D printer on board the ISS. This marks the first time a tool is manufactured in space and eliminates the need for costly and time-consuming resupply missions. 3D printing technology opens new possibilities for on-demand production in space exploration.

Monday, 15 December, 2014

Spanish energy company Repsol acquires Talisman Energy, a Canadian energy...

Spanish energy company Repsol acquires Talisman Energy, a Canadian energy producer, for $13 billion, including debt. The acquisition strengthens Repsol's presence in North America and diversifies its portfolio. It provides Repsol with access to Talisman's significant oil and gas assets, particularly in North America and Southeast Asia, supporting Repsol's growth strategy in these regions.

Tuesday, 16 December, 2014

The United States and Cuba re-establish diplomatic relations after a...

The United States and Cuba re-establish diplomatic relations after a 55-year-long hiatus. The two countries agree to open embassies in each other's capitals, marking a significant step towards normalizing relations. Talks begin to lift the long-standing trade and travel embargo between the nations. This historic development signifies a thaw in relations and opens new avenues for economic, cultural, and political cooperation.

Wednesday, 17 December, 2014

Thai Union Frozen Products (TUF), one of the world's largest...

Thai Union Frozen Products (TUF), one of the world's largest seafood companies, announces the acquisition of Bumble Bee Seafoods, a U.S.-based seafood producer, for $1.51 billion. The merger aims to enhance TUF's operational efficiency, strengthen its sourcing capabilities, and expand its presence in North American markets. The deal represents a significant milestone for TUF, providing immediate financial benefits and boosting its overall revenue.

Thursday, 18 December, 2014

Hundreds of demonstrators from the group Black Lives Matter Minneapolis...

Hundreds of demonstrators from the group Black Lives Matter Minneapolis stage a protest at the Mall of America, resulting in partial shutdowns and 25 arrests. The protest aims to draw attention to issues of racial injustice and police brutality. The Mall of America, one of the largest shopping centers in the United States, becomes a focal point for the ongoing social movement.

Friday, 19 December, 2014

Keurig, the coffee machine manufacturer, recalls 6.6 million coffee makers...

Keurig, the coffee machine manufacturer, recalls 6.6 million coffee makers after receiving ninety reports of burn-related injuries. The recall is initiated to address a design flaw that allows hot water to spray out during brewing. Keurig takes this action to prioritize consumer safety and prevent further incidents. The company offers remedies to affected customers and emphasizes its commitment to product quality and customer satisfaction.

Saturday, 20 December, 2014

State-controlled Rosneft announces it has repaid $7 billion of its...

State-controlled Rosneft announces it has repaid $7 billion of its bridge loan taken to acquire TNK-BP, marking the largest foreign debt repayment by a Russian company since Western sanctions were imposed. The payment settles part of a $12.7 billion bridge loan and contributes to Rosneft's efforts to repay its foreign debt, which amounted to $24 billion this year. The company had requested state aid in August to navigate the impact of sanctions.

Sunday, 21 December, 2014