Profitloss Centerstage Events

Russia's ban on the EU exports, judged by WTO took center stage on Saturday, 20 August 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 3

Amazon's Twitch announces its acquisition of Curse Inc., a gaming...

Amazon's Twitch announces its acquisition of Curse Inc., a gaming media company. The terms of the deal have not been disclosed. Curse, with over 30 million monthly visitors to its websites and video channels, adds to Twitch's offerings in the gaming industry. This strategic move allows Twitch to expand its services and provide a comprehensive platform for gamers and gaming enthusiasts.

Monday, 15 August, 2016

Singapore Telecommunications Ltd. (Singtel) agrees to purchase stakes in Thailand's...

Singapore Telecommunications Ltd. (Singtel) agrees to purchase stakes in Thailand's Intouch Holdings PCL and India's Bharti Telecom Ltd. from Temasek Holdings for $1.84 billion. Singtel plans to acquire a 21% stake in Intouch Holdings, the largest telecommunications company in Thailand, and increase its stake in Bharti Telecom by 7.39%. This move aligns with Singtel's growth strategy, expanding its presence in key Asian markets and diversifying its portfolio.

Tuesday, 16 August, 2016

AGI Holdings LLC, backed by J.F. Lehman & Co., acquires...

AGI Holdings LLC, backed by J.F. Lehman & Co., acquires Aircraft Appliances and Equipment Ltd., a provider of naval filtration systems and marine valves. The terms of the acquisition are not disclosed. AGI expands its product portfolio with Aircraft Appliances and Equipment's offerings for defense departments globally. This strategic move enhances AGI's position as a provider of situational awareness systems for naval vessels, aircraft, and military ground vehicles.

Wednesday, 17 August, 2016

A Defense Department audit reveals that the United States Army...

A Defense Department audit reveals that the United States Army made $6.5 trillion in improper accounting adjustments in 2015 to balance its books. The audit raises concerns about the Army's financial management practices and the accuracy of its reported financial figures. This discovery underscores the need for improved financial controls and transparency within the defense sector.

Thursday, 18 August, 2016

Russia suffers a second defeat at the World Trade Organization...

Russia suffers a second defeat at the World Trade Organization as the agency rules that most of its 2014 bans on European Union exports of pigs and pork products were unjustified. The bans were imposed during a time of heightened tensions between the EU and Russia over the Ukraine crisis. The WTO's decision highlights the importance of abiding by international trade rules and avoiding protectionist measures.

Friday, 19 August, 2016

Blackstone Group responds to New Mountain Capital's proposal and invests...

Blackstone Group responds to New Mountain Capital's proposal and invests $570 million into JDA Software Group Inc. This deal grants Blackstone a minority stake in the supply-chain management software provider, preventing its potential sale to Honeywell International Inc. New Mountain, JDA's majority shareholder, will remain so. The new capital injection will fuel product innovation, particularly in cloud-based development, reducing JDA's interest expense by $70 million annually and improving its financial position.

Saturday, 20 August, 2016

A recent Windows 10 update has caused compatibility issues with...

A recent Windows 10 update has caused compatibility issues with popular webcams, preventing their use for Skype, broadcasting, and streaming. The update altered how Windows 10 handles video, restricting its usage to a single program at a time. Microsoft acknowledges the problem and is working on a fix, although no specific release date has been announced, causing inconvenience for users reliant on webcams.

Sunday, 21 August, 2016