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 A total of 3,609,210 shares were properly tendered and not withdrawn by July 10, 2012, the final date for withdrawals.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.

By WSJ Staff - Visitors and residents of SoHo, drawn to the neighborhood’s chic stores, soon will be able to sample a different kind of culture. Popular yogurt brand Chobani is planning to open a yogurt bar in the neighborhood later this month. It will mark the company’s first attempt to sell its wares directly to customers fast-food style. Chobani yogurt now is mostly sold in grocery stores.

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.