Profitloss Centerstage Events

A deal to reduce carbon emissions by EU leaders took centerstage on Thursday, 23 October 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

Daimler AG sells its remaining 4% stake in Tesla Motors...

Daimler AG sells its remaining 4% stake in Tesla Motors Inc., generating a gain of $780 million. The German automaker views the divestment as unrelated to their partnership and cooperation with Tesla, as they focus on establishing a battery making venture in Germany. This move reflects Daimler's strategic realignment to pursue its own electric vehicle initiatives.

Monday, 20 October, 2014

Private-equity firm TPG acquires a minority stake in GreenSky Trade...

Private-equity firm TPG acquires a minority stake in GreenSky Trade Credit LLC, valuing the Atlanta-based home-improvement finance company at nearly $2 billion. TPG's investment of around $150 million is part of a larger funding round and highlights their confidence in GreenSky's potential. This partnership is expected to fuel the expansion and development of GreenSky's consumer-finance services.

Tuesday, 21 October, 2014

European Union leaders reach an agreement on long-term energy and...

European Union leaders reach an agreement on long-term energy and climate change targets, paving the way for global climate negotiations in Paris. The deal commits EU member states to reduce carbon emissions by at least 40% by 2030 compared to 1990 levels, binding each country to this target. The agreement reflects Europe's determination to pursue an ambitious and cost-effective energy path, despite extensive negotiations and compromises.

Wednesday, 22 October, 2014

Alan Eustace, an American computer scientist, breaks the parachuting record...

Alan Eustace, an American computer scientist, breaks the parachuting record by making a free-fall jump from the stratosphere at an altitude of 135,890 feet (41.42 km). Eustace's achievement surpasses Felix Baumgartner's previous record. This remarkable feat demonstrates human potential and the continuous pursuit of exploring new frontiers.

Thursday, 23 October, 2014

The China National Space Administration launches the unmanned Chang'e 5-T1...

The China National Space Administration launches the unmanned Chang'e 5-T1 spacecraft, embarking on a mission to orbit the moon and return to Earth. This space exploration endeavor represents China's continued progress in its lunar exploration program. The mission aims to gather valuable data and expand scientific knowledge about the moon, contributing to humanity's understanding of our celestial neighbor.

Friday, 24 October, 2014

Dilma Rousseff, the incumbent President of Brazil from the Workers'...

Dilma Rousseff, the incumbent President of Brazil from the Workers' Party, is re-elected for a second four-year term. With a significant majority of votes counted, Rousseff secures 51.45% of the vote, defeating Aécio Neves of the Brazilian Social Democracy Party. Rousseff's re-election reflects the continued trust and support of the Brazilian electorate, shaping the nation's political landscape for the coming years.

Saturday, 25 October, 2014

Oneok Partners LP agrees to acquire Chevron Corp.'s natural gas...

Oneok Partners LP agrees to acquire Chevron Corp.'s natural gas liquids assets in the Permian Basin for approximately $800 million. This strategic move is expected to significantly increase Oneok's production, reaching about 800,000 barrels per day. The deal includes an 80% interest in Chevron's West Texas LPG Pipeline Limited Partnership and full ownership of the Mesquite Pipeline, expanding Oneok's NGL gathering pipelines across the Permian Basin.

Sunday, 26 October, 2014