Profitloss Centerstage Events

The capture of a black hole Devouring a star took center stage on Saturday, 11 January 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

Nestlé partners with Cellular Dynamics International to study the effects...

Nestlé partners with Cellular Dynamics International to study the effects of nutrients on human cells. By obtaining brain and liver cells, Nestlé aims to develop nutritionally enhanced products with potential medical benefits. The research will focus on how fatty acids interact with neurons and potential applications in aging, obesity, diabetes, and Alzheimer's. The agreement between Nestlé and Cellular Dynamics International will be announced, with financial terms undisclosed.

Monday, 6 January, 2014

Hedge fund Elliott Management offers to acquire Riverbed Technology for...

Hedge fund Elliott Management offers to acquire Riverbed Technology for $3.08 billion, hoping to spark a bidding war for the computer-network company. Elliott, owning a 10.5% stake in Riverbed, offers $19 per share, a 6.4% premium over the previous day's closing price. The bid aims to trigger higher offers, as the stock traded at $21 a year ago.

Tuesday, 7 January, 2014

Tunisian Prime Minister Ali Larayedh resigns following renewed protests, paving...

Tunisian Prime Minister Ali Larayedh resigns following renewed protests, paving the way for new elections as per an agreement between the ruling Ennahda party and secular opposition parties. Larayedh's resignation aims to address public demands and foster a transition towards a more inclusive government. The move reflects Tunisia's commitment to democratic principles and responsive governance.

Wednesday, 8 January, 2014

The number of people affected by the Target data breach...

The number of people affected by the Target data breach increases from 40 million to 70 million, with personal information stolen. The breach, occurring during the holiday shopping season, exposes customers who visited Target stores. Target assures customers they won't be liable for fraudulent charges and offers free credit monitoring and identity theft protection. Customers are advised to contact their card issuers and monitor their accounts for suspicious activity.

Thursday, 9 January, 2014

X-ray astronomers capture evidence of a black hole devouring a...

X-ray astronomers capture evidence of a black hole devouring a star in a dwarf galaxy. This marks the first recorded event of a black hole destroying a star. The data from NASA's Chandra X-ray Observatory suggests the "death by a black hole" scenario, providing valuable insights into stellar interactions with massive black holes. The discovery contributes to our understanding of the cosmic phenomena occurring in distant galaxies.

Friday, 10 January, 2014

Volkswagen announces plans to invest $7 billion in North America...

Volkswagen announces plans to invest $7 billion in North America over the next five years, aiming to catch up with competitors in the region. The investment will include building a new plant, though the location is yet to be determined. Volkswagen's goal is to sell 1 million VW-branded vehicles annually in the U.S. market by 2018. This strategic move highlights the company's commitment to expanding its presence and increasing sales in North America.

Saturday, 11 January, 2014

House and Senate negotiators reveal a $1.012 trillion bill to...

House and Senate negotiators reveal a $1.012 trillion bill to fund the federal government for the next 8½ months, marking a temporary ceasefire in budget conflicts. The compromise restores some funding to domestic programs but keeps overall discretionary spending lower than in 2009. The bill aims to stabilize Congress and the economy.

Sunday, 12 January, 2014