Profitloss Centerstage Events

The lift of the Emergency in Tunisia took centerstage on Thursday, 6 March 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

Qualcomm announces a $5 billion increase in its share repurchase...

Qualcomm announces a $5 billion increase in its share repurchase plan and a 20% dividend boost. The move aims to reward shareholders as Steve Mollenkopf takes over as CEO from Paul Jacobs at the annual meeting. Qualcomm's increased buyback authorization now amounts to $7.8 billion, and the quarterly dividend rises to 42 cents per share.

Monday, 3 March, 2014

Andrus Ansip resigns as the Prime Minister of Estonia after...

Andrus Ansip resigns as the Prime Minister of Estonia after serving for nine years. His resignation paves the way for a successor, likely to be European Commissioner Siim Kallas. Ansip implemented austerity measures during Estonia's recession and led the country into the eurozone in 2011.

Tuesday, 4 March, 2014

Tunisia's President Moncef Marzouki lifts the state of emergency in...

Tunisia's President Moncef Marzouki lifts the state of emergency in place since the 2011 revolution. The decision signals Tunisia's efforts to return to normalcy after adopting a new constitution. Elections are scheduled for later in the year.

Wednesday, 5 March, 2014

Daimler AG plans to sell its 50% stake in Rolls-Royce...

Daimler AG plans to sell its 50% stake in Rolls-Royce Power Systems Holding to Rolls-Royce Holdings in a move that will generate significant cash flow. The deal, subject to formal valuation, follows Daimler's exercise of a put option. Rolls-Royce welcomes the decision, with the option valued at £1.9 billion on Daimler's balance sheet as of December 31.

Thursday, 6 March, 2014

Spain introduces reforms to its bankruptcy laws, making it easier...

Spain introduces reforms to its bankruptcy laws, making it easier for struggling companies to restructure debts. The decree, approved by the cabinet, aligns with recommendations from the International Monetary Fund to aid Spain's economic recovery. Starting Monday, banks will have better incentives to accept debt forgiveness and extend maturities, assisting cash-strapped firms in need of capital.

Friday, 7 March, 2014

United Rentals agrees to acquire four companies supplying pumping equipment...

United Rentals agrees to acquire four companies supplying pumping equipment for $780 million. The acquisition strengthens United Rentals' presence in specialty markets such as pumps, benefiting from the growth in shale gas exploration and nonresidential construction. The move is expected to position the company for increased business opportunities in these sectors.

Saturday, 8 March, 2014

Fyffes and Chiquita, Irish and U.S. fruit firms respectively, agree...

Fyffes and Chiquita, Irish and U.S. fruit firms respectively, agree to merge in an all-stock deal valued at around $1.07 billion, creating the world's largest banana company.

Sunday, 9 March, 2014