Profitloss Centerstage Events

Lenovo to buy IBM servers business took center stage on Monday, 29 September 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 5

A day after President Ashraf Ghani's inauguration, Afghanistan's new government...

A day after President Ashraf Ghani's inauguration, Afghanistan's new government signs a long-awaited security agreement with the U.S. The previous president, Hamid Karzai, had delayed signing the agreement, partially due to concerns over civilian casualties. This deal permits 9,800 U.S. troops to remain in Afghanistan after the scheduled departure of foreign forces on December 31. President Ghani encourages the Taliban to participate in peace talks, citing the Afghan population's weariness of the ongoing conflict.

Monday, 29 September, 2014

Pacific walruses are facing a unique challenge as they come...

Pacific walruses are facing a unique challenge as they come ashore in record numbers on a beach in north-west Alaska. With diminishing sea ice in Arctic waters, these walruses are unable to find suitable resting places. This situation highlights the impact of climate change on wildlife habitats and the need for conservation efforts to protect these marine mammals.

Tuesday, 30 September, 2014

J.P. Morgan Chase & Co. revises its deal with Swiss...

J.P. Morgan Chase & Co. revises its deal with Swiss trading firm Mercuria Energy Group Ltd., reducing the value of the sale of its physical-commodities business from $3.5 billion to approximately $800 million. This adjustment signifies a shift in J.P. Morgan's divestment strategy and aligns with its efforts to reshape its business operations.

Wednesday, 1 October, 2014

Constellium NV announces its acquisition of Wise Metals Intermediate Holdings...

Constellium NV announces its acquisition of Wise Metals Intermediate Holdings LLC for $1.4 billion, as the company aims to expand its presence in the growing U.S. market for automotive aluminum sheet. The deal enables Constellium to compete with industry leaders such as Alcoa and Novelis and taps into the increasing demand for lightweight materials in the automotive sector.

Thursday, 2 October, 2014

Sweden's new centre-left government surprises by becoming the first European...

Sweden's new centre-left government surprises by becoming the first European Union member to officially recognize the state of Palestine. This decision reflects Sweden's position on the Israeli-Palestinian conflict and sets a precedent among EU countries. The move emphasizes the ongoing diplomatic efforts to address the Israeli-Palestinian issue and achieve a peaceful resolution.

Friday, 3 October, 2014

Becton, Dickinson & Co. agrees to acquire CareFusion Corp. in...

Becton, Dickinson & Co. agrees to acquire CareFusion Corp. in a $12.2 billion deal, aiming to provide comprehensive medical products to hospitals seeking to improve quality and reduce costs. This strategic move strengthens Becton's portfolio and enhances its position in the healthcare industry, enabling them to offer a wider range of medical solutions to meet the evolving needs of healthcare providers.

Saturday, 4 October, 2014

Hilton Worldwide Holdings Inc. agrees to sell the iconic Waldorf...

Hilton Worldwide Holdings Inc. agrees to sell the iconic Waldorf Astoria hotel in Manhattan to Chinese insurance company Anbang Insurance Group for $1.95 billion. This landmark deal reflects the increasing interest of Chinese investors in the global hospitality sector and represents a significant transaction in the luxury hotel market.

Sunday, 5 October, 2014