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Court Denies Beechcraft Challenge Of Lost Contract

WICHITA, Kan. (AP) - Kansas airplane maker Beechcraft has lost a legal battle to halt work on a high stakes Air Force contract awarded to rival Sierra Nevada Corporation. The U.S. Court of Federal Claims on Friday denied Beechcraft's request for a temporary injunction. The contract for 20 planes for use in Afghanistan is worth more than $427 million. It could be worth as much as $1 billion, depending on future orders.

April 20, 2013
Published in Companies

At Chobani, the Turkish King of Greek Yogurt

Chobani CEO Ulukaya in upstate New York. (Photograph by Brian Finke for Bloomberg Businessweek)

Hamdi Ulukaya sits in a restaurant in upstate New York, waggling a rolled-up slice of pizza, making bombastic pronouncements about yogurt. As the founder and chief executive of Chobani, the brand of Greek yogurt that has stormed the stainless steel refrigerators of coconut water drinkers and ancient grain eaters, he has some standing in the matter, although he?s actually Turkish.

February 1, 2013
Published in Success Stories

Turkish Businessman Runs for Ukranian Parliament

Turkish businessman Ali Kılınç is running for a seat at Ukrainian parliament. Long time resident of Ukraine, Turkish businessman Ali Kılınç decided to run for a seat at the parliament in the upcoming elections. Ali Kılınç has become a Ukrainian citizen and is now an MP candidate on the list of Ridna Vitçizna party, which means "motherland."

August 15, 2012
Published in Turks in Russia

Turkish Company Develops Large Energy Project in Turkmenistan

President of Turkmenistan Gurbanguly Berdymuhamedov and Chairman of the Board of directors of the Çalık Holding Ahmet Calik discussed the development priorities of the energy sector during the meeting, the Turkmen government said on Wednesday. Turkish businessman announced proposals to ensure a stable and reliable power supply of the Turkmen capital and modernization of power system as a whole.