Profitloss Centerstage Events

An oil leak from a damaged pipeline in Israel took centerstage on Thursday, 4 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 1

CGN Power Co., China's largest nuclear power plant operator, raises...

CGN Power Co., China's largest nuclear power plant operator, raises $3.16 billion in a successful initial public offering (IPO) in Hong Kong. With strong demand from investors, CGN Power sells 8.8 billion shares at the top end of the indicative price range, marking the largest IPO in Hong Kong since December of the previous year.

Monday, 1 December, 2014

NextEra Energy Inc. announces a $2.6 billion agreement to acquire...

NextEra Energy Inc. announces a $2.6 billion agreement to acquire the majority of Hawaiian Electric Industries Inc., aiming to bring cleaner and renewable energy to Hawaii. The deal includes the acquisition of Hawaiian Electric's electric utilities, which serve approximately 95% of the state's population, while the banking services provided through American Savings Bank will be spun off into a separate publicly traded company.

Tuesday, 2 December, 2014

Approximately 3000m³ of crude oil leaks from a damaged pipeline...

Approximately 3000m³ of crude oil leaks from a damaged pipeline into a nature reservation in the Arava desert of southern Israel. The spill poses an environmental hazard, impacting the delicate ecosystem of the area and requiring immediate cleanup efforts to mitigate the damage.

Wednesday, 3 December, 2014

A judge in the Netherlands declares the bankruptcy of Dutch...

A judge in the Netherlands declares the bankruptcy of Dutch clothing company Mexx, affecting over 300 stores worldwide, including 95 locations in Canada. The ruling signifies the financial challenges faced by the company, leading to the closure of its stores and the subsequent impact on employees and customers.

Thursday, 4 December, 2014

Sikorsky Aircraft Corp. secures a helicopter contract worth approximately $1...

Sikorsky Aircraft Corp. secures a helicopter contract worth approximately $1 billion from India's defense ministry. Under the deal, Sikorsky will supply 16 S-70B Seahawk multi-role helicopters to the Indian Navy, strengthening defense ties between the two countries. The contract also includes an option for an additional eight helicopters, enhancing India's naval capabilities.

Friday, 5 December, 2014

Merck agrees to acquire Cubist Pharmaceuticals, a company specializing in...

Merck agrees to acquire Cubist Pharmaceuticals, a company specializing in developing treatments for "superbugs," for $9.5 billion. The acquisition demonstrates Merck's commitment to combating antibiotic-resistant bacteria, as Cubist Pharmaceuticals' expertise in this field aligns with Merck's efforts to address the growing global threat of drug-resistant infections.

Saturday, 6 December, 2014

The United Nations launches a funding appeal for $16.4 billion...

The United Nations launches a funding appeal for $16.4 billion to support humanitarian assistance programs in 2015, with a focus on Syria, Iraq, Sudan, and South Sudan. These regions are identified as the areas with the most urgent humanitarian needs, requiring significant financial support to provide critical aid and support to affected populations.

Sunday, 7 December, 2014