Profitloss Centerstage Events

The increase in the population of tigers took centerstage on Monday, 11 April 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

Goldman Sachs agrees to a $5.06 billion settlement to resolve...

Goldman Sachs agrees to a $5.06 billion settlement to resolve allegations related to the sale of substandard mortgages before the global financial crisis. The settlement includes a $2.385 billion civil penalty and $1.8 billion allocated to support distressed borrowers and communities affected by the housing crisis, as determined by the U.S. Justice Department.

Monday, 11 April, 2016

Peabody Energy, the largest privately-owned coal producer globally based in...

Peabody Energy, the largest privately-owned coal producer globally based in St. Louis, Missouri, files for bankruptcy protection due to substantial debts and a decline in worldwide coal prices. The filing reflects the ongoing challenges faced by the coal industry in adapting to changing energy dynamics and transitioning to cleaner alternatives.

Tuesday, 12 April, 2016

Volodmyr Groysman assumes the role of Prime Minister of Ukraine,...

Volodmyr Groysman assumes the role of Prime Minister of Ukraine, succeeding Arseny Yatseniuk. Groysman, a Ukrainian politician, previously served as the Mayor of Vinnytsia and held positions as Vice Prime Minister for Regional Policy and Minister of Regional Development, Construction, and Housing and Communal Services of Ukraine.

Wednesday, 13 April, 2016

Mitel Networks Corp. announces its agreement to acquire Polycom Inc....

Mitel Networks Corp. announces its agreement to acquire Polycom Inc. in a cash-and-stock deal worth nearly $2 billion. The acquisition is driven by Elliott Management Corp. with the intention to promote consolidation in the telecom-equipment industry, creating potential synergies and enhancing the companies' offerings in the market.

Thursday, 14 April, 2016

Denis Sassou Nguesso, the longstanding President of the Republic of...

Denis Sassou Nguesso, the longstanding President of the Republic of the Congo, is inaugurated for another term following a contentious election. As a veteran leader, Nguesso's re-election sparks discussions about political stability and transition in the country.

Friday, 15 April, 2016

Finance ministers and central bankers from the Group of 20...

Finance ministers and central bankers from the Group of 20 (G-20) issue a warning to tax havens, urging them to comply with international tax transparency and information sharing standards. The G-20 officials call on the Organization for Economic Cooperation and Development (OECD) to identify non-compliant jurisdictions and highlight that defensive measures may be taken against those unwilling to cooperate. This response follows the exposure of the Panama Papers, which unveiled widespread offshore tax activities by public figures and influential individuals worldwide.

Saturday, 16 April, 2016

Airbus Group SE's space unit and OneWeb Ltd. announce plans...

Airbus Group SE's space unit and OneWeb Ltd. announce plans to establish an innovative satellite manufacturing facility in Florida. This state-of-the-art plant, named OneWeb Satellites, will employ highly automated processes to assemble and test up to 15 advanced communications satellites per week. The facility aims to support the production and launch of over 640 satellites by the end of 2019, contributing to expanding internet access globally, especially in developing regions.

Sunday, 17 April, 2016