Chobani, the Greek-yogurt maker founded by billionaire Hamdi Ulukaya, has rejected an offer from PepsiCo Inc. to take a major stake in the company. Chobani hired Goldman Sachs Group Inc. last year to seek a strategic partner that would invest in the company and help it expand distribution and production. A recent offer from PepsiCo to invest in the company was shot down, effectively ending deal discussions, according to Michael Gonda, a spokesman for the Norwich, New York-based yogurt company. PepsiCo declined to comment.

Los Angeles: The Cleveland Cavaliers, who are expected to be one of the busiest teams in the days leading up to next week's NBA Trade Deadline, have a few players in mind as they continue to find the right deal and rumors claim that among the players that the Cavs have their eyes on are Omer Asik and Tyreke Evans. This season, Tyreke Evans contract is $10.7 million. It doesn't work. Trade exceptions cannot be combined with other players (aggregated in CBA terms). However, Asik is making $9.2 million and would fit within the Brendan Haywood trade exception.

Europe's leading carrier Turkish Airlines' success has become a case study at one of the world's most prestigious collegial institutions -- Harvard Business School (HBS) on Tuesday.  The case study called "Turkish Airlines: Widen Your World" explored the company's transformation from a regional actor to a global powerhouse in the international aviation industry, and discussed its fast and profitable growth in the sector.  "Forecasts for the sector predict approximately 7 percent passenger and capacity growth in 2016. Turkish Airlines plans to achieve 21 percent capacity and 18 percent passenger growth in 2016," said the case study authored by HBS faculty member Prof. Juan Alcacer and HBS Istanbul Research Center’s Executive Director Esel Cekin.