Profitloss Centerstage Events

Detection of the second set of gravitational waves by LIGO took center stage on Wednesday, 15 June 2016 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

Virgin Australia Holdings announces plans for an equity raising of...

Virgin Australia Holdings announces plans for an equity raising of AUD 852 million (USD 626 million) and fleet reduction as part of its strategy to compete with Qantas Airways. Major shareholders, including Singapore Airlines and Virgin Group, intend to support the offer, which aims to strengthen Virgin Australia's position in the aviation market.

Monday, 13 June, 2016

Scientists confirm the detection of a second set of gravitational...

Scientists confirm the detection of a second set of gravitational waves by the Laser Interferometer Gravitational-Wave Observatory (LIGO). This breakthrough in astrophysics validates the existence of gravitational waves and opens up new avenues for studying the universe. The detection, resulting from the merger of two smaller black holes, builds upon the historic first observation of gravitational waves in September 2015.

Tuesday, 14 June, 2016

Switzerland's Federal Assembly votes to withdraw the country's application to...

Switzerland's Federal Assembly votes to withdraw the country's application to join the European Union. The decision marks a significant development in Switzerland's relationship with the EU and reflects the nation's desire to maintain its independence. Foreign Minister Didier Burkhalter emphasizes that the government will inform the EU to consider the application as officially withdrawn.

Wednesday, 15 June, 2016

IEX Group receives regulatory approval from the Securities and Exchange...

IEX Group receives regulatory approval from the Securities and Exchange Commission (SEC) to establish a new stock exchange. The approval grants IEX the status of the 13th national stock exchange in the United States, despite objections from competitors. IEX's unique model, which includes a "speed bump" to slow trading, aims to address concerns over market fairness and provide additional protection for investors.

Thursday, 16 June, 2016

The DAO (Decentralized Autonomous Organization), a digital currency investment fund...

The DAO (Decentralized Autonomous Organization), a digital currency investment fund built on the Ethereum platform, suffers a massive hack resulting in the loss of approximately $55 million worth of Ethereum coins. The incident highlights the vulnerabilities associated with emerging technologies and the need for robust security measures in the cryptocurrency industry.

Friday, 17 June, 2016

The Cleveland Cavaliers defeat the Golden State Warriors in a...

The Cleveland Cavaliers defeat the Golden State Warriors in a thrilling seven-game series to clinch the 2016 NBA Championship. This victory not only crowns the Cavaliers as basketball champions but also ends Cleveland's 52-year drought in major sports titles. LeBron James, the Cavaliers' star player, is unanimously named the Most Valuable Player (MVP) of the NBA Finals for the third time, cementing his status as one of the game's greatest talents.

Saturday, 18 June, 2016

Bombardier Inc. announces the sale of its firefighting water-bomber plane...

Bombardier Inc. announces the sale of its firefighting water-bomber plane program to Viking Air Ltd. The move allows Bombardier to focus on its core businesses in business jets, commercial aircraft, and rail transportation. The sale, expected to close in the coming months, aims to streamline Bombardier's operations, although specific terms of the deal remain undisclosed.

Sunday, 19 June, 2016