Profitloss Centerstage Events

Deal between Valeant pharma and Salix pharma took centerstage on Sunday, 22 February 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 3

Samsung Electronics reveals a cash reserve of $56 billion and...

Samsung Electronics reveals a cash reserve of $56 billion and intends to allocate some of it for mergers and acquisitions. While Samsung faced challenges in the smartphone market in 2014, it responded with increased dividends and its first share buyback since 2007, pleasing investors. However, the company indicates that 2015 will focus more on growth, implying a potentially different approach to returning value to shareholders.

Monday, 16 February, 2015

Japan Post Holdings acquires Australian transport company Toll Holdings for...

Japan Post Holdings acquires Australian transport company Toll Holdings for A$6.5 billion. This strategic move allows Japan Post to expand its postal and logistics business globally, while benefiting from Toll Holdings' expertise in transportation, warehousing, and logistics across different modes. The acquisition strengthens Japan Post's position in the market and aligns with its efforts to diversify its operations and pursue growth opportunities.

Tuesday, 17 February, 2015

Prokopis Pavlopoulos is elected as the new President of Greece...

Prokopis Pavlopoulos is elected as the new President of Greece by the Hellenic Parliament. This appointment comes at a crucial time for Greece, as it navigates economic challenges and political changes. Pavlopoulos assumes the role of President with the responsibility of guiding the country during a period of transition and working towards stability and progress.

Wednesday, 18 February, 2015

The Moldovan Parliament appoints Chiril Gaburici as the new Prime...

The Moldovan Parliament appoints Chiril Gaburici as the new Prime Minister, forming a legislative support coalition consisting of the PLDM, PDM, and PCRM parties. Gaburici assumes leadership at a critical juncture for Moldova, aiming to address various political and socio-economic issues. The newly formed government aims to work collectively to overcome challenges and pave the way for a better future for Moldova and its citizens.

Thursday, 19 February, 2015

The United Steelworkers union notifies Motiva, the owner of the...

The United Steelworkers union notifies Motiva, the owner of the largest refinery in the United States, that its members are going on strike. This escalation in the labor-management confrontation impacts the oil industry significantly. The strike begins at Motiva's refinery in Port Arthur, Texas, with additional strikes planned at other refineries and chemical plants. The union's decision reflects its concerns about safety issues and the need for fair negotiations.

Friday, 20 February, 2015

Valeant Pharmaceuticals announces its acquisition of Salix Pharmaceuticals for approximately...

Valeant Pharmaceuticals announces its acquisition of Salix Pharmaceuticals for approximately $10 billion in cash. This deal marks Valeant's return to significant deal-making after its unsuccessful attempt to acquire Allergan in the previous year. The acquisition of Salix Pharmaceuticals aligns with Valeant's growth strategy and expands its presence in the pharmaceutical industry, contributing to its long-term objectives and market position.

Saturday, 21 February, 2015

The Ukrainian Army states that it cannot withdraw heavy weapons...

The Ukrainian Army states that it cannot withdraw heavy weapons from the front as rebel forces continue to attack, disregarding the ceasefire. Russian President Vladimir Putin claims that a war with Ukraine is unlikely but refuses further meetings with France, Germany, and Ukraine regarding the ceasefire. The situation highlights the challenges in implementing and maintaining peace in the region, with continued military engagements and diplomatic complexities.

Sunday, 22 February, 2015