Turkey's state-owned Halkbank is expected to continue processing payments for Iranian oil imports to Turkey, U.S. Treasury Undersecretary David Cohen said on Monday. "Halkbank has for some time been involved in handling oil payments for importing oil from Iran into Turkey and we expect that to continue," David Cohen, Undersecretary for Terrorism and Financial Intelligence told reporters.
The owner of the Indy Eleven says his new pro soccer team could build an 18,500-seat multipurpose stadium for $87 million, benefit from local tax revenue and not take money from the city’s budget. Ersal Ozdemir said Friday night that he understands why Indianapolis taxpayers wouldn’t want to pay for yet another sports venue. “I totally get that. People are just tired of that,” said Ozdemir, a local real estate developer. “Because of that, really, we were being very thoughtful of that.”
The boss of Coca-Cola has warned that if the world's youth unemployment problem is not solved, it could create severe social problems. Muhtar Kent, chief executive officer of Coca-Cola, told Bloomberg TV that if the issue is not resolved, the "social peace and mosaic" of the world could crack and everyone could be made "much worse off". Kent, speaking at the World Economic Forum's annual meeting in Davos, also claimed there is a "huge mismatch" between what businesses need from employees and what universities are teaching students.
SAN JOSE, Calif., Jan. 23, 2014 /PRNewswire/ -- Maxim Integrated Products, Inc. MXIM -1.64% reported net revenue of $620 million for its second quarter of fiscal 2014 ended December 28, 2013, a 6% increase from the $585 million revenue recorded in the prior quarter. Reported revenue included $35 million from Volterra. Excluding Volterra, revenue was flat compared to the prior quarter.
