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Admin TOA

Backed By Chobani's Founder, A Local Coffee Chain Tries To Revolutionize The Industry

Arriving in Philadelphia with few possessions and little money, Todd Carmichael started walking the city with business partner JP Iberti to scope out storefronts. In short order, they took on a 50-year lease in a bustling downtown neighborhood, renovated the space themselves and, in May 1994, opened the first La Colombe café. La Colombe Coffee Roasters, with 750 employees, now runs 26 cafés in five cities, distributes its coffee to some 3,500 restaurants, hotels, cafés and retailers and operates an online store. The company says revenue is approaching $100 million. Following a 2015 capital infusion from Chobani LLC Chairman and CEO Hamdi Ulukaya, the company early this year introduced its canned, chilled Draft Latte line nationally, quickly becoming a force in the U.S. ready-to-drink coffee category.

Boeing Earns US $11B Contract From Recovering Turkish Airlines

In recent reports, Turkish Airlines revealed that the company is planning to acquire 40 of Boeing (NYSE:BA)'s 787-9 Dreamliners. This has been a long-awaited arrangement in which indicates that the carrier has bounced back after a terrorist attack on its Istanbul headquarters in the preceding year. Once it gets done, the deal is estimated at a value of US$11 billion before the expected concessions for massive aircraft procurements. According to the pact on Thursday in a brief signing ceremony in New York, such decision sprouted from years of market research. Also, as the airline designed its expansion, negotiations for wide-body planes were done.

U.N. Puts Out A Global Call for Payloads to Ride on SNC’s Dream Chaser Space Plane

Remember those science-fiction movies where the United Nations was calling the shots in space? We may be one small step closer to that scenario. Today the U.N. Office for Outer Space Affairs, or UNOOSA, called on its member states, and particularly developing countries, to come up with suggestions for 20 to 30 payloads that would go on an orbital space mission it’s planning with Sierra Nevada Corp. SNC would fly the payloads — which could include scientific experiments as well as deployable satellites — aboard its Dream Chaser space plane during a two- to three-week flight.

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