Profitloss Centerstage Events

Euthanasia in Belgium took centerstage on Saturday, 17th September 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

Blackstone and ArcLight Capital Partners are in the final stages...

Blackstone and ArcLight Capital Partners are in the final stages of acquiring four power plants from American Electric Power Co. for about $2.1 billion. The deal includes a coal-fired plant in Ohio and three natural-gas plants in Indiana and Ohio. Slumping wholesale electricity rates and low demand have put pressure on independent power generators like AEP.

Monday, 12 September, 2016

German conglomerate Siemens signs a letter of intent to participate...

German conglomerate Siemens signs a letter of intent to participate in energy, transportation, and infrastructure projects in Argentina worth up to $5.6 billion. Siemens CEO Joe Kaeser expresses confidence in Argentina's rapidly changing economy under President Mauricio Macri, making it an opportune time for investment.

Tuesday, 13 September, 2016

Informa PLC, a specialist publisher and events company, acquires Penton...

Informa PLC, a specialist publisher and events company, acquires Penton Information Services for $1.56 billion. The move expands Informa's presence in the United States and contributes to consolidation within the global exhibitions industry. Informa will pay private-equity firms MidOcean Partners and Wasserstein & Co. $1.46 billion in cash and $100 million in shares for Penton.

Wednesday, 14 September, 2016

Abbott Laboratories agrees to sell its eye-surgery equipment business, known...

Abbott Laboratories agrees to sell its eye-surgery equipment business, known as Abbott Medical Optics, to Johnson & Johnson for $4.325 billion. This deal strengthens J&J's position in the cataract surgeries market, estimated at $8 billion and growing at a rate of approximately 5% annually. Abbott is divesting the business as part of its strategic focus on faster-growing device segments.

Thursday, 15 September, 2016

Belgium experiences its first case of euthanasia for a terminally...

Belgium experiences its first case of euthanasia for a terminally ill minor since the removal of age restrictions in 2014. A 17-year-old, suffering from unbearable physical pain, becomes the first minor to be granted euthanasia in Belgium. The country is unique in allowing minors of any age with rational decision-making capacity and in the final stages of a terminal illness to choose euthanasia, with parental consent required for those under 18.

Friday, 16 September, 2016

Professor Will Steffen highlights the continuous trend of record-breaking heat...

Professor Will Steffen highlights the continuous trend of record-breaking heat worldwide for the past 16 months. The influence of the strong El Niño, which contributed to high global temperatures, has diminished or disappeared by August. Professor Steffen, an Emeritus Professor at the Australian National University and a Climate Councillor, emphasizes the concerning pattern of global warming.

Saturday, 17 September, 2016

Unilever agrees to acquire Seventh Generation, a maker of plant-based...

Unilever agrees to acquire Seventh Generation, a maker of plant-based detergents and household cleaners, expanding its presence in the "natural" cleaning products market. The deal's terms were not disclosed. Seventh Generation, with sales over $200 million in 2015, has experienced significant growth over the past decade. Unilever's potential acquisition of Honest Co. was estimated at over $1 billion, while the price for Seventh Generation is expected to be smaller.

Sunday, 18 September, 2016