Brynwood Partners to Sell Maker of Turtles Candy

Image The owner of Godiva chocolates is dipping deeper into the candy business. Yildiz Holding, the Istanbul-based food and beverage company that has several brands including Godiva, has agreed to purchase DeMet’s Candy Company, the maker of Turtles chocolates, from the private equity firm Brynwood Partners for $221 million.

Call for Nominations: TASSA Young Scholar Awards

Image TASSA launches a new award to recognize the achievements of young Turkish American scholars, as part of its 2014 Annual Meeting. The scholars are invited to submit a nomination (including self-nominations) for the inaugural TASSA Young Scholar Awards. The deadline is on January 6, 2014. The nomination package should include the nominee's latest CV along with one article (already published in the literature or a working manuscript) that exemplifies the best work of the nominee. Each winner will receive an Award Certificate at the conference, and is expected to deliver a short oral presentation during the TASSA Annual Meeting, to be held at the University of Maryland, College Park, on March 22-23, 2014.
 

Turkey Selects Local Shipyard for LPD Contract

Image ANKARA — Turkey selected a local shipyard to award the country’s first-ever contract for the acquisition of a Landing Platform Dock (LPD), a deal industry sources estimated at about $500 million. Turkey’s procurement agency, the Undersecretariat for Defense Industries (SSM), announced on its web page late Dec. 27 that it picked up Sedef Gemi Insaati A.S., a privately-owned Istanbul shipyard, to open contract negotiations for the LPD program.

Dr. Oz Moving to WSB-TV from Fox 5 In Fall 2014, Replacing 'Katie'

Image Dr. Mehmet Oz will be moving his popular talk show from Fox 5 to WSB-TV in the fall of 2014, replacing Katie Couric's talk show, WSB-TV general manager Tim McVay confirmed. Couric's show, which debuted in the fall of 2012 and airs weekdays on WSB-TV at 3 p.m., will not be back this fall after it failed to break into the top echelon of talk shows. While ratings weren't bad, Deadline.com reported that it was a very pricey show to produce and license.

Muhtar Kent: Coca-Cola Is Not Yesterday, Coca-Cola Is Tomorrow

Image Moinak Mitra, The Economic Times - Running a $48 billion company is not a joke, particularly when the brand in question is Coca-Cola. For five years now, Muhtar Kent, the Turkish-American Chairman & CEO of The Coca-Cola Company, has been doing it with purpose, pragmatism and panache. The 61 year-old New York-born CEO has faith in the "golden triangle" of business, government and civil society — or neo-capitalism, as is evident from this exclusive conversation he recently had with CD. Kent bubbles over his rise from the ranks while pouring a sparkling dose of neocapitalism Edited excerpts:

10 Reasons to Fall In Love with Turkey's Marmara Region

Image For millennia, Turkey’s Marmara has been a physical and figurative bridge between Eastern and Western cultures, religions, and histories. It was here, at this crossroad of civilization, where Persian King Xerxes built his famed bridge of boats over the Dardanelles for his conquest of Europe. Here, on the treacherous waters of the Bosphorus, Jason led the Argonauts to find the Golden Fleece. Up against the legendry Walls of Troy, an impossible beauty launched a thousand ships and a wooden horse destroyed an ancient people.

Major International Court Finds the Ottoman Armenian Controversy Not Settled History

Image On December 17, the European Court of Human Rights (ECHR) reversed the criminal conviction by a Swiss court of Dogu Percinek, a Turkish politician who publicly challenged that Armenians were subject to genocide in the final years of the Ottoman Empire nearly 100 years ago. The ECHR is an international court whose decisions are binding in 47 countries, including all of the European Union and every NATO member state except the U.S. and Iceland. Some 800 million people are subject to its jurisdiction. It has rendered judgment in more than 10,000 cases since its founding in 1959.
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