NEW YORK, Jul 17, 2012 (BUSINESS WIRE) -- The Turkish Investment Fund, Inc. TKF -0.84% (the "Fund") announced today that, in accordance with the Fund's tender offer for up to 1,123,817 of its issued and outstanding shares of common stock, which expired at 11:59 p.m. New York time on July 10, 2012, the Fund has accepted 1,123,817 shares for payment on July 18, 2012, at $15.31 per share, which is equal to 98.5 percent of the Fund's net asset value per share as of the close of regular trading on the New York Stock Exchange on July 11, 2012. The 1,123,817 shares represent 15 percent of the Fund's outstanding shares. A total of 3,609,210 shares were properly tendered and not withdrawn by July 10, 2012, the final date for withdrawals. Therefore, on a pro rata basis, after making the odd-lot adjustment, approximately 29.70 percent of the shares so tendered by each tendering stockholder have been accepted for payment.
Coca-Cola Co. (KO), the world’s largest soft-drink maker, reported second-quarter profit that topped analysts’ estimates, helped by pricing increases in North America late last year. Net income was little changed at $2.79 billion, or $1.21 a share, compared with $2.8 billion, or $1.20, a year earlier, Atlanta-based Coca-Cola said today in a statement. Excluding some items, profit totaled $1.22 a share. Analysts projected $1.19, the average of 14 estimates compiled by Bloomberg.
Istanbul Convention and Visitors Bureau (ICVB) exhibited at International Pavilion of this year's AIBTM Americas Meetings Week which was held in Baltimore. ICVB General Manager Elif Balcı Fisunoğlu represented ICVB at AIBTM 2012. Reed Travel organized Market Europe Focus Event where a lucky draw took place. ICVB attended the lucky draw with Istanbul Familiarization Trip Package as part of its 15th year celebration. ICVB and Turkish Airlines will host 15 international hosted buyers in Istanbul. The familiarization trip includes Turkish Airlines round trip ticket, 3 days FAM trip featuring 3 night five-star accommodation, transfers, meals, site visits and city tours. 
SPARKS, Nev., July 11, 2012 -- /PRNewswire-USNewswire/ -- Sierra Nevada Corporation's (SNC) Space Systems has successfully completed testing of the nose landing gear for the Dream Chaser® orbital crew vehicle. This milestone evaluated the impact forces experienced by the landing gear at the front of the vehicle, the nose, in order to ensure safe runway landing capability of the Dream Chaser during approach and landing tests, as well as future orbital flights. Test results were presented to NASA on June 25, 2012, and the successful milestone review was completed the same day.
The Congressional Caucus on U.S.-Turkey Relations and Turkish Americans (Turkey Caucus) welcomed its 155th member. With this newest addition, the Turkey Caucus now includes Members of Congress from all six territories and 45 of the 50 states, encompassing every major region in the country. Additionally, the Turkey Caucus now ranks among the top three Congressional caucuses that seek to strengthen bilateral ties between the U.S. and various international allies. 
2011 was a year of growth for the Turkish Cultural Foundation (TCF), both in terms of the new programs that TCF undertook and the grants it awarded to numerous organizations and individuals that share the vision of TCF. In 2011, TCF allocated a total of $6,303,366 in grants and direct disbursements to pursue its mission. An exciting development in 2011 was the move of TCF to its prestigious new location in Washington, DC. The TCF office in the nation's capital joins the Boston and Istanbul offices with a growing team of professionals, interns and volunteers, who implement the mission and undertake the expanding international work of the Turkish Cultural Foundation. 
ISTANBUL, Turkey, July 11, 2012 /PRNewswire via COMTEX/ -- Turkcell TKC -1.01% (ise:TCELL), the leading communications and technology company in Turkey, has been honored by The League of American Communications Professionals LLC ("LACP") for its 2011 Annual Report. 
The President of the Assembly of Turkish American Associations (ATAA), Ergun Kirlikovali, met with the top Republican Leadership in New York. Participating in the meeting were also the President of the Federation of Turkish American Associations (FTAA) Ali Cinar, President of the Turkish American Businessmen's Association (TABA) Ekim Alptekin, President of the Turkish American Business Forum (TABF) Mehmet Kirdar, President of the Turkish American Chamber of Commerce and Industry (TACCI) Celal Secilmis, and General Counsel to the Turkish Union of Chambers of Commerce and Commodity Exchanges (TOBB-USA) Gunay Evinch. 
Are the cola wars at an end? Brace for the yogurt wars, as PepsiCo, long focused on battling its archrival, Coca-Cola, takes on the likes of Dannon and General Mills, not to mention Fage and Chobani. In the most visible sign yet of its efforts to curb its reliance on soda sales, PepsiCo this month will start selling yogurt in the Northeast and mid-Atlantic states. 
Diana Cepeda takes the subway between her Brooklyn home and her Times Square office. Up until a year ago, it was a daily commute that could have killed her. "I was born with heart disease," she said. In and out of cardiologists' offices since she was eight years old, Cepeda's heart condition worsened last year. "As I got older, my aortic valve started deteriorating, and my mitral valve had a little pinhole in it," she said. When she was 53, her failing heart led her to New York-Presbyterian Hospital's Columbia campus to visit one of the best-known heart valve surgeons in the country -- Dr. Mehmet Oz, the celebrity doctor famous for his appearances on Oprah Winfrey's show and his own daytime talk show. 
ROCHESTER, N.Y., Jul 08, 2012 (BUSINESS WIRE) -- Sierra Nevada Corporation (SNC) and ITT Exelis XLS +0.21% have teamed to build Vigilant Stare, a manned aircraft-based Wide-Area Airborne Persistent Surveillance (WAPS) system capability. This partnership will offer customers proven, advanced solutions in airborne wide-area surveillance on an affordable, fee-for-service basis, saving upfront costs and risks. Hosted on a Twin Otter aircraft, the Vigilant Stare system is derived from a U.S. Air Force operationally-proven system.
Now that the Chicago Bulls have pulled off the free agent coupe of the offseason (note sarcasm), they can turn their attention to other decisions and needs as July 11 - the day free agents can sign with new teams - approaches. By adding Kirk Hinrich, who apparently was the Bulls top (only?) target in free agency, management satisfied its desire for a combo guard to fill in for, then play alongside, Derrick Rose. It also means the Bulls, who used their full mini-mid level exception on Hinrich, can now acquire new additions in only two ways: By offering the veteran's minimum, or by trading. 
PARKERSBURG - A local state legislator traveled to Turkey in May as part of a cultural exchange to get an understanding of the Turkish people and the issues its culture faces. Delegate John Ellem, R-Wood, was the only West Virginia legislator to be part of a group of lawmakers from West Virginia and Virginia invited by Mid-Atlantic Federation of Turkic American Associations to travel to Turkey for eight days. The exchange happened after Turkish officials came to the West Virginia Legislature and spent time visiting with lawmakers over a year ago. There was a state senator and delegate who took the trip last year and Ellem was the only one from West Virginia to go this year.
