Profitloss Centerstage Events

Vassiliki becoming the first woman prime minister of Greece took centerstage on Friday, 28 August 2015 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 4

Medtronic, after relocating its headquarters to Dublin, acquires Twelve Inc.,...

Medtronic, after relocating its headquarters to Dublin, acquires Twelve Inc., a California startup focused on developing a device for repairing faulty mitral valves. The acquisition exemplifies Medtronic's utilization of tax benefits gained from its overseas reincorporation. By leveraging its increased spending capacity in the US, Medtronic aims to bolster its portfolio of medical technologies through strategic acquisitions.

Monday, 24 August, 2015

Oshkosh Corporation secures a $6.7 billion contract from the US...

Oshkosh Corporation secures a $6.7 billion contract from the US Army for the Joint Light Tactical Vehicle, which will replace the Humvee. This contract underscores Oshkosh's expertise in military vehicle manufacturing and positions the Wisconsin-based company as a key player in supplying advanced tactical vehicles to the US military.

Tuesday, 25 August, 2015

Schlumberger, the world's largest oil-field service company, announces its acquisition...

Schlumberger, the world's largest oil-field service company, announces its acquisition of Cameron International for $12.7 billion. This consolidation trend in the energy sector comes as companies face challenges from low oil prices and reduced drilling activity. By joining forces, Schlumberger and Cameron aim to create a powerhouse in energy technology and strengthen their positions in a competitive market.

Wednesday, 26 August, 2015

Vassiliki Thanou-Christophilou is sworn in as Greece's interim Prime Minister,...

Vassiliki Thanou-Christophilou is sworn in as Greece's interim Prime Minister, becoming the country's first female prime minister. Thanou-Christophilou assumes this role during a critical period in Greek politics, following an economic crisis and political instability. Her appointment reflects the ongoing efforts to restore stability and initiate reforms in Greece. https://www.flickr.com/photos/primeministergr/20917744086/

Thursday, 27 August, 2015

Warren Buffett's Berkshire Hathaway accumulates a stake worth nearly $4.5...

Warren Buffett's Berkshire Hathaway accumulates a stake worth nearly $4.5 billion in Phillips 66, further cementing its investment in the oil refiner. This significant ownership stake highlights Berkshire Hathaway's confidence in the company's long-term prospects. The move demonstrates Buffett's strategy of acquiring substantial positions in companies that align with Berkshire Hathaway's investment philosophy.

Friday, 28 August, 2015

An international court orders Volkswagen to sell its nearly 20%...

An international court orders Volkswagen to sell its nearly 20% stake in Suzuki Motor Corp., allowing Suzuki to end the troubled partnership. This ruling marks the official separation of the two companies after years of strained relations. While Suzuki can buy back its stake, the court finds that it breached the alliance agreement, potentially leading to future arbitrations and damages between the two automakers.

Saturday, 29 August, 2015

Ageas, a Belgian insurance company, announces the sale of its...

Ageas, a Belgian insurance company, announces the sale of its Hong Kong Life insurance business to JD Capital, a Chinese asset-management firm, for €1.23 billion. The sale is part of Ageas' strategy to focus on its joint ventures and partnerships in emerging markets in Asia. The transaction is expected to be completed in the first half of 2016, pending regulatory approvals.

Sunday, 30 August, 2015