Profitloss Centerstage Events

Facebook acquiring WhatsApp took center stage on Wednesday, 19 February 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

Chinese auto company Dongfeng Motor purchases an equity stake worth...

Chinese auto company Dongfeng Motor purchases an equity stake worth $1.1 billion in struggling French automaker PSA Peugeot Citroen. This move is part of an effort to provide financial support and stabilize the struggling French company.

Monday, 17 February, 2014

Facebook announces its acquisition of messaging service WhatsApp for a...

Facebook announces its acquisition of messaging service WhatsApp for a staggering $19 billion in a combination of cash and stock. The deal reflects Facebook's strategy to expand its presence in the mobile messaging market and strengthen its user base.

Tuesday, 18 February, 2014

Sudan puts a married Ethiopian woman on trial after she...

Sudan puts a married Ethiopian woman on trial after she was gang-raped, accusing her of adultery for not reporting the crime immediately. The case raises serious concerns about the treatment of rape victims and highlights the need for justice system reforms.

Wednesday, 19 February, 2014

Matteo Renzi is sworn in as the Prime Minister of...

Matteo Renzi is sworn in as the Prime Minister of Italy, assuming leadership during a challenging period of economic and political uncertainty. Renzi's appointment brings hope for reform and stability as he aims to address Italy's pressing issues and revitalize the country's economy.

Thursday, 20 February, 2014

Joaquin "El Chapo" Guzmán, the notorious drug lord and leader...

Joaquin "El Chapo" Guzmán, the notorious drug lord and leader of Mexico's Sinaloa cartel, is captured by Mexican Navy marines in Mazatlan. The arrest marks a significant milestone in the fight against drug trafficking and organized crime in Mexico.

Friday, 21 February, 2014

European antitrust authorities close a seven-year investigation into energy subsidies...

European antitrust authorities close a seven-year investigation into energy subsidies for Spanish industry, relieving local companies of potentially having to repay billions of euros. This decision has significant implications for Spain's economy, providing relief to industries as the country strives to recover from a deep recession.

Saturday, 22 February, 2014

Cisco Systems sells $8 billion in bonds, the largest offering...

Cisco Systems sells $8 billion in bonds, the largest offering this year by a highly rated U.S. company. The strong demand reflects investors' confidence in Cisco's creditworthiness and the company's rarity in issuing debt. The funds raised will support Cisco's strategic initiatives and capital allocation plans.

Sunday, 23 February, 2014