Profitloss Centerstage Events

The discovery of seven tiny night frogs in India took center stage on Wednesday, 22 February 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 3

The parent company of Burger King announces plans to acquire...

The parent company of Burger King announces plans to acquire Popeyes Louisiana Kitchen, operator of the Popeyes chicken restaurant chain, in a $1.8 billion deal. This acquisition signifies the expansion and diversification strategy of the company, aiming to tap into the growing fast-food market and strengthen its position in the industry.

Monday, 20 February, 2017

A five-year survey in India reveals the discovery of seven...

A five-year survey in India reveals the discovery of seven new species of tiny "night frogs" in the Nyctibatrachus genus. These frogs, including some of the smallest ever found, have remained undetected due to their small size and insect-like chirping calls. The study highlights the rich biodiversity of the Western Ghats mountain range and emphasizes the need for conservation efforts to protect threatened wildlife and their habitats.

Tuesday, 21 February, 2017

Singapore Telecommunications Ltd.'s Amobee unit acquires Turn Inc., a data...

Singapore Telecommunications Ltd.'s Amobee unit acquires Turn Inc., a data and analytics company, for $310 million. This strategic move expands Amobee's capabilities in programming and data management, allowing marketers to gain a better understanding of customer interactions across various advertising formats and devices. The acquisition aims to enhance Singtel's position in the digital advertising industry.

Wednesday, 22 February, 2017

The Guatemalan army announces that it will block the activities...

The Guatemalan army announces that it will block the activities of the Dutch non-profit group Women on Waves, also known as the "abortion boat," which provides free abortion services to women in countries where the procedure is prohibited. Abortion is illegal in Guatemala, except to save the mother's life. The move by the army aligns with the country's strict abortion laws and reflects the cultural and religious context of the predominantly Catholic nation.

Thursday, 23 February, 2017

Foxconn Technology Group, through its subsidiary Foxconn (Far East) Ltd.,...

Foxconn Technology Group, through its subsidiary Foxconn (Far East) Ltd., acquires a 54.5% stake in SoftBank Group Capital APAC Pte. Ltd., SoftBank's venture investment arm, for $600 million. This investment aims to support Foxconn's search for new startup technologies and aligns with SoftBank's shift in focus toward private-equity deals and larger-scale investments. The collaboration highlights the importance of strategic partnerships in the pursuit of innovation.

Friday, 24 February, 2017

Heavy rainstorms and landslides in Chile contaminate the Maipo River,...

Heavy rainstorms and landslides in Chile contaminate the Maipo River, leaving millions of residents in the capital, Santiago, without access to running water. The authorities have cut off drinking water to at least four million people until the river's water quality improves. The natural disaster has caused casualties and disruptions, prompting emergency response teams to provide aid and restore water supplies to affected areas.

Saturday, 25 February, 2017

Warren Buffett reveals that Berkshire Hathaway has doubled its stake...

Warren Buffett reveals that Berkshire Hathaway has doubled its stake in Apple since the beginning of the year, making it one of the company's largest equity holdings. With about 133 million shares, Berkshire's investment in Apple is now valued at approximately $18 billion. This move reflects Buffett's confidence in the technology giant's future prospects and demonstrates the increasing convergence between technology and traditional investing.

Sunday, 26 February, 2017