Profitloss Centerstage Events

Detection of 15 powerful fast radio bus from a different Galaxy took center stage on Wednesday, 30 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 4

Berkshire Hathaway, led by Warren Buffett, becomes the largest shareholder...

Berkshire Hathaway, led by Warren Buffett, becomes the largest shareholder of Bank of America by exercising its right to acquire 700 million shares at a discounted price. This investment reflects Buffett's long-term confidence in the banking industry. Berkshire Hathaway now holds significant stakes in major U.S. banks, positioning itself as a key player in the financial sector.

Monday, 28 August, 2017

Breakthrough Listen researchers announce the detection of 15 new powerful...

Breakthrough Listen researchers announce the detection of 15 new powerful fast radio bursts (FRBs) from FRB 121102, a dwarf galaxy located billions of light-years away. FRBs are mysterious cosmic signals that have intrigued scientists for years. This discovery sheds light on the enigmatic nature of FRBs and deepens our understanding of the universe's most energetic events.

Tuesday, 29 August, 2017

Wells Fargo uncovers an additional 1.4 million potentially fraudulent bank...

Wells Fargo uncovers an additional 1.4 million potentially fraudulent bank and credit card accounts, bringing the total number of problematic accounts to around 3.5 million. The revelation adds to the ongoing fallout from the Wells Fargo cross-selling scandal, where millions of unauthorized accounts were created without customers' consent. The scandal has had significant legal and financial implications for the company, resulting in substantial fines and ongoing litigation.

Wednesday, 30 August, 2017

The Supreme Court of Kenya nullifies the results of the...

The Supreme Court of Kenya nullifies the results of the recent presidential election due to irregularities and orders a new election to be conducted. The decision comes after opposition allegations of election manipulation and raises questions about the electoral process. The ruling highlights the importance of transparent and fair elections in maintaining democracy and public trust.

Thursday, 31 August, 2017

Australia and Timor-Leste reach a landmark agreement on maritime boundaries...

Australia and Timor-Leste reach a landmark agreement on maritime boundaries in the Timor Sea, resolving a longstanding dispute. The agreement, facilitated by the Permanent Court of Arbitration, paves the way for joint development of oil and gas resources in the region worth an estimated $40 billion. This diplomatic breakthrough strengthens the bilateral relationship between the two nations and promotes cooperation in the exploitation of shared resources.

Friday, 1 September, 2017

Hurricane Harvey is predicted to become one of the costliest...

Hurricane Harvey is predicted to become one of the costliest hurricanes in U.S. history, with estimated damages ranging from $72 billion to over $125 billion. This devastating natural disaster has caused widespread destruction, displacement, and loss of life. The financial impact is expected to be significant, comparable to the damages caused by Hurricane Katrina. The recovery and rebuilding efforts will require substantial resources and support.

Saturday, 2 September, 2017

United Technologies Corp announces its acquisition of airplane parts maker...

United Technologies Corp announces its acquisition of airplane parts maker Rockwell Collins for $30 billion, including assumed debt. This strategic move aims to strengthen United Technologies' position in the aerospace industry and expand its product offerings. The deal is expected to have a significant impact on the aviation sector.

Sunday, 3 September, 2017