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Citigroup Inc. Acquires New Stake in Turkish Investment Fund

Citigroup Inc. acquired a new position in shares of TURKISH INVT FD (NYSE:TKF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,882 shares of the financial services provider’s stock, valued at approximately $632,000.

Blackhawk Modifications Teams with Sierra Nevada Corporation to Certify the XP67A for the King Air 350ER

LAS VEGAS, NV – October 9, 2017 – Through Blackhawk Modifications’ subsidiary government and military sales division, Vector-Hawk Aerospace (VHA), the companies have teamed with Sierra Nevada Corporation (SNC) to offer the Blackhawk XP67A Engine+ Upgrade STC Kit for the King Air 350ER at 16,500 and 17,500 pounds maximum allowable takeoff weight (MTOW).  Specifically developed for military and government operations, the offering will include two factory-new Pratt & Whitney Canada (P&WC) PT6A-67A engines, new MT 5-bladed composite propeller assemblies and spinners, and a True Blue Power lithium-ion battery. Training, support, and a five year/2,500 hour enhanced new-engine warranty are also included.

Spat with US to be Resolved Soon: Turkey's Deputy PM

A diplomatic crisis between the United States and Turkey that led them to stop issuing visas to each other's citizens is "overblown" and will likely be resolved soon, Turkish Deputy Prime Minister Mehmet Simsek said. In remarks apparently aimed at defusing tensions between the two countries on Wednesday, Simsek told an event in Washington that Turkey considered the safety and security of US diplomats and employees in Turkey a "top priority", and described the detention of staff at US missions in Turkey as "routine" investigations.

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Western Union HQ moving from Douglas County to south Denver

Western Union, a Fortune 500 company, announced last week that by the middle of next year it will move its global headquarters from Douglas County to take office space at One Belleview Station in southeast Denver. The company, which employs 1,300 people locally, will occupy 246,000 square feet of the new office tower, constructed just off the corner of Belleview Avenue and Quebec Street, just across the street from Greenwood Village city limits, in an area near the Belleview Light Rail Station where development has been aggressive.

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A Response from Dr. Yalcin Ayasli

As expressed in my various prior statements to the media, I decided to divest from Borajet last December, believing that it would help resolve the economic troubles that the company was facing at the time.  These difficulties arose as a result of baseless allegations that damaged the reputation of my company and myself personally. My intention with this sale was to protect BoraJet employees and customers by helping Borajet remain in business.

Orbital Space Mission UNOOSA Call for Interest

The United Nations Office for Outer Space Affairs (UNOOSA) is partnering with the Sierra Nevada Corporation (SNC) to offer United Nations Member States the opportunity to participate in an orbital space mission utilizing SNC's Dream Chaser® space vehicle. The mission will be open to all Member States of the United Nations, and developing countries are particularly encouraged to participate. The mission will carry experiments, payloads, or satellites provided by institutions in the participating countries.

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Sierra Nevada Corporation CEO Calls for Advancement of U.S. Leadership in Space Economy

CHANTILLY, Va. (Oct. 5, 2017) — Invited to address the newly formed National Space Council, Sierra Nevada Corporation (SNC) CEO Fatih Ozmen today told members that the United States has economic and national security interests in promoting U.S. leadership in space through investments, managing risk, and expanding opportunity in a new space economy. The first meeting of the National Space Council took place at the Smithsonian Air and Space Museum’s Steven F. Udvar-Hazy Center in Chantilly, Virginia. SNC's Ozmen was joined by executives from two other leading private space companies, Elon Musk's SpaceX and Jeff Bezos' Blue Origin, on a panel dedicated to space innovation.

Backed By Chobani's Founder, A Local Coffee Chain Tries To Revolutionize The Industry

Arriving in Philadelphia with few possessions and little money, Todd Carmichael started walking the city with business partner JP Iberti to scope out storefronts. In short order, they took on a 50-year lease in a bustling downtown neighborhood, renovated the space themselves and, in May 1994, opened the first La Colombe café. La Colombe Coffee Roasters, with 750 employees, now runs 26 cafés in five cities, distributes its coffee to some 3,500 restaurants, hotels, cafés and retailers and operates an online store. The company says revenue is approaching $100 million. Following a 2015 capital infusion from Chobani LLC Chairman and CEO Hamdi Ulukaya, the company early this year introduced its canned, chilled Draft Latte line nationally, quickly becoming a force in the U.S. ready-to-drink coffee category.

Boeing Earns US $11B Contract From Recovering Turkish Airlines

In recent reports, Turkish Airlines revealed that the company is planning to acquire 40 of Boeing (NYSE:BA)'s 787-9 Dreamliners. This has been a long-awaited arrangement in which indicates that the carrier has bounced back after a terrorist attack on its Istanbul headquarters in the preceding year. Once it gets done, the deal is estimated at a value of US$11 billion before the expected concessions for massive aircraft procurements. According to the pact on Thursday in a brief signing ceremony in New York, such decision sprouted from years of market research. Also, as the airline designed its expansion, negotiations for wide-body planes were done.

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U.N. Puts Out A Global Call for Payloads to Ride on SNC’s Dream Chaser Space Plane

Remember those science-fiction movies where the United Nations was calling the shots in space? We may be one small step closer to that scenario. Today the U.N. Office for Outer Space Affairs, or UNOOSA, called on its member states, and particularly developing countries, to come up with suggestions for 20 to 30 payloads that would go on an orbital space mission it’s planning with Sierra Nevada Corp. SNC would fly the payloads — which could include scientific experiments as well as deployable satellites — aboard its Dream Chaser space plane during a two- to three-week flight.

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