Profitloss Centerstage Events

Norway becoming the first country to switch off analog radio signals took center stage on Wednesday, 11 January 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

Alibaba Group collaborates with the founder of Intime Retail to...

Alibaba Group collaborates with the founder of Intime Retail to privatize the Hong Kong-listed department store chain. Alibaba, already holding a 28% stake in Intime, plans to invest up to HK$19.8 billion ($2.6 billion) to take the company private. This move aligns with Alibaba's strategy to integrate its e-commerce dominance with physical retail stores, solidifying its position in China's retail industry.

Monday, 9 January, 2017

Norway becomes the first country to switch off its analogue...

Norway becomes the first country to switch off its analogue radio signals in favor of Digital Audio Broadcasting (DAB). The transition to digital signals offers improved quality and coverage while significantly reducing costs. While some express concerns about potential impact on the elderly and motorists, the switch to DAB represents a technological advancement and lays the foundation for more efficient radio broadcasting in Norway.

Tuesday, 10 January, 2017

Anadarko Petroleum Corp. agrees to sell its South Texas oil...

Anadarko Petroleum Corp. agrees to sell its South Texas oil and gas assets to Sanchez Energy Corp. and Blackstone Group LP for $2.3 billion. The deal includes approximately 155,000 net acres adjacent to Sanchez's existing assets and adds to its drilling inventory. Anadarko's asset divestiture aligns with its strategic shift towards focusing on drilling operations in Texas and Colorado.

Wednesday, 11 January, 2017

Blackstone Energy Partners and Sanchez Energy Corp. form a strategic...

Blackstone Energy Partners and Sanchez Energy Corp. form a strategic partnership to acquire Anadarko Petroleum Corp.'s working interest in the Western Eagle Ford shale formation for approximately $2.3 billion. The deal grants Sanchez Energy and Blackstone 155,000 net acres primarily in Dimmit and Webb counties, Texas. The acquisition includes drilled but uncompleted wells and adds significant production volumes to Sanchez Energy's portfolio.

Thursday, 12 January, 2017

President-elect Donald Trump emphasizes his tough stance on trade partners,...

President-elect Donald Trump emphasizes his tough stance on trade partners, stating that companies must shift manufacturing to the U.S. to conduct business in the country. He specifically mentions car companies, including BMW AG and Mercedes-Benz, suggesting that automotive trade between the U.S. and Germany is currently imbalanced. These remarks reinforce Trump's commitment to reviving domestic manufacturing and potentially imposing import taxes on certain goods.

Friday, 13 January, 2017

Scientists achieve the creation of a new form of hydrogen...

Scientists achieve the creation of a new form of hydrogen at temperatures near absolute zero. By adding an electron to liquid helium nanodroplets containing molecular hydrogen or deuterium, clusters or anions of hydrogen are formed. This breakthrough in hydrogen research opens up possibilities for further exploration of its properties and potential applications in various scientific fields.

Saturday, 14 January, 2017

Luxottica, an Italian eyewear maker, and Essilor, a French corrective...

Luxottica, an Italian eyewear maker, and Essilor, a French corrective eyewear manufacturer, announce a merger worth €50 billion. Luxottica, founded by Leonardo Del Vecchio in 1961, is headquartered in Milan, while Essilor has a rich history dating back to 1849. This merger brings together two prominent players in the eyewear industry and combines their expertise in frame design, lens technology, and distribution networks, creating opportunities for growth and innovation in the global eyewear market.

Sunday, 15 January, 2017