Profitloss Centerstage Events

A massive fire affecting 29,000 people in Alberta took centerstage on Tuesday, 3 May 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 1

A massive wildfire prompts a mandatory evacuation order for Fort...

A massive wildfire prompts a mandatory evacuation order for Fort McMurray, Alberta, affecting over 29,000 people. The entire town, with a population of 80,000, is ordered to evacuate due to the out-of-control fire. The Beacon Hill neighborhood suffers significant damage, with 80% of the area destroyed by the fire.

Monday, 2 May, 2016

Turkish Prime Minister Ahmet Davutoğlu announces his resignation, effective May...

Turkish Prime Minister Ahmet Davutoğlu announces his resignation, effective May 22, following conflicts with President Recep Tayyip Erdoğan over increasing authoritarian rule in Turkey. Davutoğlu plans to step down after a meeting of the AKP party leaders on May 22.

Tuesday, 3 May, 2016

Private-equity firm Hellman & Friedman LLC agrees to acquire healthcare...

Private-equity firm Hellman & Friedman LLC agrees to acquire healthcare services provider MultiPlan Inc. MultiPlan's owner, Starr Investment Holdings LLC, will retain a minority investment. The deal, valued at $7.5 billion, signals a significant development in the healthcare industry and demonstrates Hellman & Friedman's commitment to the sector.

Wednesday, 4 May, 2016

China's HNA Group is in talks to purchase a 30%...

China's HNA Group is in talks to purchase a 30% stake or more in Singapore logistics firm CWT, potentially triggering a mandatory offer for the entire company. The deal, valued at approximately $1 billion, marks a significant move in the logistics industry and reflects HNA Group's strategic expansion efforts.

Thursday, 5 May, 2016

Twitter discontinues providing U.S. intelligence agencies with access to a...

Twitter discontinues providing U.S. intelligence agencies with access to a service offered by Dataminr Inc., a company that sifts through Twitter's social media postings. The move, not publicly announced, raises concerns about the relationship between Silicon Valley and the federal government in terms of terrorism and privacy. Twitter's decision appears to be motivated by a desire to avoid close associations with American intelligence services.

Friday, 6 May, 2016

In response to reduced oil revenues, Saudi Arabia proceeds with...

In response to reduced oil revenues, Saudi Arabia proceeds with selling state assets to raise capital and stimulate the private sector. The country's stock exchange, Tadawul, selects HSBC Holdings PLC's unit to manage its planned initial public offering (IPO). This move is seen as an important step toward economic reform, with Saudi Arabia planning to publicly list up to 5% of Saudi Arabian Oil Co. (Saudi Aramco), potentially raising significant capital for the kingdom.

Saturday, 7 May, 2016

Krispy Kreme Doughnuts Inc. is set to be acquired for...

Krispy Kreme Doughnuts Inc. is set to be acquired for $1.35 billion by JAB Holding Co., expanding its portfolio of renowned brands. The North Carolina-based doughnut maker would become a privately held company as a result of the deal.

Sunday, 8 May, 2016