Profitloss Centerstage Events

Apple's probable venture into Hollywood took center stage on Wednesday, 16 August 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

Air Berlin, Germany's second-largest airline, files for bankruptcy protection after...

Air Berlin, Germany's second-largest airline, files for bankruptcy protection after its main shareholder, Etihad Airways, chooses not to provide further financial support. The airline has been burdened by debt for nearly a decade and reported a substantial loss in 2016. Flights will continue to operate temporarily with assistance from a transitional loan provided by the German government. Discussions are underway for Lufthansa to potentially acquire part of Air Berlin.

Monday, 14 August, 2017

Apple allocates a budget of approximately $1 billion to procure...

Apple allocates a budget of approximately $1 billion to procure and produce original content over the next year, positioning itself as a serious competitor in the entertainment industry. With its global reach and marketing influence, Apple aims to deliver high-quality video content, potentially through its streaming-music service or a new video-focused platform. This investment demonstrates Apple's commitment to expanding its presence in Hollywood and the original content market.

Tuesday, 15 August, 2017

Blackstone Group announces its acquisition of Harvest Fund Advisors, an...

Blackstone Group announces its acquisition of Harvest Fund Advisors, an investment-management firm specializing in midstream energy assets, with over $10 billion in assets under management. This move aligns with Blackstone's strategy to profit from the increasing natural gas production, even in a low-price environment. Terms of the deal have not been disclosed.

Wednesday, 16 August, 2017

Energy Capital Partners, along with a consortium led by Access...

Energy Capital Partners, along with a consortium led by Access Industries and Canada Pension Plan Investment Board, agrees to purchase power-generation company Calpine Corp. for $5.6 billion in cash. The deal is part of Energy Capital's focus on the power sector and marks a significant transaction in the energy industry. Calpine's market value as of Thursday stood at $4.9 billion.

Thursday, 17 August, 2017

Pakistan holds a state funeral for Ruth Pfau, a German-born...

Pakistan holds a state funeral for Ruth Pfau, a German-born Catholic nun known as "Pakistan's Mother Teresa," who dedicated her life to combating leprosy in the country. Pfau emigrated to Pakistan in 1961 and spent over 55 years establishing leprosy clinics and treating thousands of patients. Her significant contributions to healthcare and her compassionate service earned her numerous awards and recognition. Pfau passed away in August 2017 and was buried with state honors.

Friday, 18 August, 2017

British scientists have created the world's smallest surgical robot, potentially...

British scientists have created the world's smallest surgical robot, potentially revolutionizing operations for thousands of patients, reported the media on Sunday. Developed in a converted pig shed in Cambridgeshire by 100 scientists and engineers, the robot, named Versius, uses low-cost technology from mobile phones and the space industry.

Saturday, 19 August, 2017

Cisco Systems announces its plan to acquire Springpath Inc., an...

Cisco Systems announces its plan to acquire Springpath Inc., an early partner in the hyperconverged systems market. This move is part of Cisco's strategy to shift its focus towards selling software and services. Hyperconverged systems combine data storage and computing, enabling cost reduction in operating data centers. The deal, costing Cisco $320 million, is expected to be finalized later this year, positioning Cisco to compete in the growing hyperconverged systems market.

Sunday, 20 August, 2017