Profitloss Centerstage Events

Passing away of the last person born before 1900 took center stage on Saturday, 15 April 2017 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

Toshiba expresses doubt about its survival for the first time...

Toshiba expresses doubt about its survival for the first time due to significant losses incurred by its U.S. nuclear subsidiary, Westinghouse Electric Co., which recently filed for bankruptcy. The accounting scandal in 2015 and subsequent cost overruns at U.S. nuclear projects have severely impacted Toshiba's financial position. The company warns of a substantial net loss for the fiscal year and reports its delayed earnings without the approval of its auditor.

Monday, 10 April, 2017

Loews Corp. announces a $1.2 billion deal with Bain Capital...

Loews Corp. announces a $1.2 billion deal with Bain Capital Private Equity to acquire Consolidated Container Co., a packaging business deemed resistant to technological disruption. Loews sees the packaging industry as a fragmented market with strong cash flows. This acquisition aligns with Loews' strategy and diversifies its business portfolio, which includes insurance, energy, and hospitality sectors. The move aims to capitalize on the industry's stability and cash generation potential.

Tuesday, 11 April, 2017

Ottawa introduces legislation to legalize marijuana in Canada, making it...

Ottawa introduces legislation to legalize marijuana in Canada, making it the first large industrialized nation to regulate the sale and production of the drug. If approved, individuals aged 18 and older would be allowed to purchase cannabis from licensed producers and possess up to 30 grams in public. Selling or providing marijuana to individuals younger than 18 would carry severe penalties. The proposed legislation aims to establish a regulated framework for cannabis use.

Wednesday, 12 April, 2017

NASA announces that Saturn's moon, Enceladus, possesses conditions in its...

NASA announces that Saturn's moon, Enceladus, possesses conditions in its global subsurface ocean that could support life. Enceladus, known for its reflective ice-covered surface, has an underground ocean, making it an intriguing candidate for studying potential habitable environments beyond Earth. The announcement raises the possibility of finding life beyond our planet and emphasizes the significance of further exploration and research in the search for extraterrestrial life.

Thursday, 13 April, 2017

Emma Morano, the last person born before 1900, passes away...

Emma Morano, the last person born before 1900, passes away at the age of 117. She held the title of the world's oldest living person since May 2016 and was the last verified person born in the 1800s. Her death marks the end of an era and highlights the rarity of individuals who have witnessed multiple centuries. Emma Morano's longevity and remarkable lifespan garner worldwide attention and admiration.

Friday, 14 April, 2017

Turkish voters participate in a referendum to decide whether to...

Turkish voters participate in a referendum to decide whether to replace the country's parliamentary system with an executive presidency, granting President Recep Tayyip Erdoğan expanded powers. Erdoğan's AK Party claims victory, while the opposition CHP expresses its intention to challenge the result. The referendum outcome holds significant implications for Turkey's political landscape, with debates revolving around concerns over the concentration of power and its impact on democratic institutions.

Saturday, 15 April, 2017

Williams Partners, an American pipeline operator, agrees to sell an...

Williams Partners, an American pipeline operator, agrees to sell an olefins plant in Louisiana to Canadian chemical company Nova Chemicals for $2.1 billion. This transaction will enable Nova Chemicals to expand its operations and diversify its petrochemical portfolio. Williams Companies, the parent company, focuses on natural gas processing and transportation, while Nova Chemicals has a long history in petrochemicals, with origins as a provincial crown corporation managing Alberta's natural gas system.

Sunday, 16 April, 2017