Profitloss Centerstage Events

A military coup in Burkina Faso took centerstage on Thursday, 17th September 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 2

Oil Search Ltd. rejects an all-stock offer from Woodside Petroleum...

Oil Search Ltd. rejects an all-stock offer from Woodside Petroleum Ltd. that undervalues the company at AUD 11.64 billion. Oil Search's board concludes that the offer is opportunistic and fails to recognize the company's growth opportunities and track record of success.

Monday, 14 September, 2015

Hewlett-Packard announces plans to cut up to 33,300 jobs over...

Hewlett-Packard announces plans to cut up to 33,300 jobs over the next three years, primarily in its enterprise business. The company, facing challenges in a declining PC market, aims to streamline its operations and adapt to the changing technology landscape.

Tuesday, 15 September, 2015

Burkina Faso experiences a military coup, leading to the overthrow...

Burkina Faso experiences a military coup, leading to the overthrow of the provisional government. The coup leaders establish a transitional body called the "National Council for Democracy," with General Gilbert Diendéré as the head of state. The coup attempt, launched by members of the Regiment of Presidential Security, results in the detention of government officials, including the transitional President and Prime Minister.

Wednesday, 16 September, 2015

Altice, a European communications company, announces its intention to acquire...

Altice, a European communications company, announces its intention to acquire US cable television company Cablevision for $17.7 billion. The move expands Altice's presence in the United States and reflects the ongoing consolidation and competition within the telecommunications industry.

Thursday, 17 September, 2015

Egypt's new Cabinet is sworn in by President Abdel Fattah...

Egypt's new Cabinet is sworn in by President Abdel Fattah el-Sisi, following the resignation of the previous administration due to a corruption scandal. The 33-member Cabinet includes 16 new ministers, including two women. Sherif Ismail, the former petroleum minister, assumes the position of Prime Minister ahead of the upcoming parliamentary elections.

Friday, 18 September, 2015

Volkswagen suspends sales of its 4-cylinder diesel vehicles in the...

Volkswagen suspends sales of its 4-cylinder diesel vehicles in the United States after the U.S. Environmental Protection Agency reveals that the cars violate emissions standards. The EPA orders Volkswagen to rectify the issue, as the vehicles contain software that circumvents emissions regulations. The company's use of "defeat devices" poses a threat to public health and could result in substantial fines of up to $18 billion.

Saturday, 19 September, 2015

Apple intensifies its efforts to develop an electric car, setting...

Apple intensifies its efforts to develop an electric car, setting a target ship date for 2019. The project, known as Titan, has received the green light after extensive investigations. While Apple has hired experts in autonomous driving, the initial electric vehicle is not expected to be fully autonomous. Apple aims to leverage its expertise in areas like batteries and hardware-software integration to make an impact in the automotive industry.

Sunday, 20 September, 2015