Turkish Airlines Orders up to 20 777-300ERs

Image Turkish Airlines has announced an order for 15 Boeing 777-300ERs plus five options. Three of the aircraft will be delivered in 2014, followed by seven in 2015, five in 2016 and five in 2017. Boeing's list price for the order is approximately $6.3 billion. The Turkish flag carrier has been playing up the prospect of orders with both Boeing and Airbus in recent weeks.

Dr. Oz Endorses GMO Labeling

Image Dr. Mehmet Oz, the host of the nationally syndicated TV program, The Dr. Oz Show, today endorsed genetically engineered (GE) food labeling, a fundamental right already in place in 50 countries around the world, including all of Europe, Japan, India and China. 

How Turkish Dairy Boy Hamdi Ulukaya Started $600 Million Chobani

Image Turkish immigrant Hamdi Ulukaya always wondered why U.S. yogurt was so bad. Now, his New Berlin, New York-based Chobani is the leader in Greek-style yogurt. A self-described “dairy boy,” Hamdi Ulukaya grew up in Erzincan, Turkey, working on his family’s dairy farm and in its feta cheese operation. After studying politics in Turkey, he initially came to the U.S. to study English at New York's Adelphi University, and then to do graduate work at SUNY. In 2005, Ulukaya says he used an SBA loan to buy an old yogurt-making plant in upstate New York.  Now Ulukaya’s company, Chobani, has more than 1,200 employees, annual revenues of more than $600 million, and is building a plant in Australia. Ulukaya spoke with Inc.’s Kimberly Weisul about start-ups, ghosts, and, of course, yogurt.

American Turkish Society Gives Award to CNNT

Image The New York-based American Turkish Society (ATS) has given this year’s award to the broadcaster CNN Türk, which celebrated its 13th year of partnership with media giant Turner. The annual award is given to successful partnerships between American and Turkish firms. The award was presented at a ceremony in New York to Doğan TV Chairwoman Arzuhan Doğan Yalçındağ by American businessman Donald Trump. Turner Broadcasting President and Chief Executive Officer Philip Kent received the award from Christiane Amanpour, CNN’s chief international correspondent.

Comodo Releases Internet Security Premium 2013 Beta

Image Comodo Group has announced the first public beta of Internet Security Premium 2013, an early look at their next generation of products. Comodo Group has announced the first public beta of Internet Security Premium 2013, and the first change you’re sure to notice is the bright, colourful and touch-friendly interface, which has been completely redesigned to make sure that even novice users can navigate the package without feeling intimidated.

Sierra Nevada Corporation Acquires 3S Engineering

Image SPARKS, Nev. — Sierra Nevada Corporation (SNC) has announced the acquisition of 3S Certification and 3S Engineering of Wichita, Kansas. The privately owned 3S Certification holds a Federal Aviation Administration authorized Organization Designation Authorization (ODA). Since its inception in 2006, the company has provided subject matter experts specializing in avionics and cabin equipment modifications and certification. In the last two years, the company has expanded to include an ODA, which provides the authority for approval of Supplemental Type Certificates for aircraft modifications.

Charlie Rose Talks to Muhtar Kent

Tell me about Project Last Mile, Coke’s effort to get medicine to remote locations while lowering costs?
This project began by a very simple question: “Why can’t we get these medicines out there and Coca-Cola can be everywhere?” Coca-Cola, I’ll give you, is one of the widest and most effective logistics and distributions systems in the world. We work tirelessly every day to make it better, to make it more efficient, to ensure that we can actually satisfy every week 20 million points of sale, retailers around the world that we call on with our fleet of delivery vehicles. So we do get to the last mile, we do get to different smaller villages.
 

OPIC Board Approves $250 Million for Renewable Energy/SME Lending in Turkey

Image WASHINGTON — The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $250 million in financing to support investment in renewable energy and energy efficiency projects and small and medium-sized enterprises (SMEs) in Turkey, two sectors vital to the country’s economic growth which have traditionally lacked access to long-term capital.

Turkey's TV Housewives Are Desperate, Too

Image  The Desperate Housewives of Wisteria Lane have a new address: Istanbul’s Gul Street. In Russia, Peg and Al Bundy of Married … With Children have morphed into Gena and Dasha, who squabble in their apartment in Yekaterinburg rather than a suburban home near Chicago. And Sony (SNE) this summer released an Arabic version of Everybody Loves Raymond to coincide with the heavy Ramadan TV-viewing season, proving that dysfunctional families know no borders.

Turkey's Entrepreneurial Ecosystem: More Than Just Start-Ups

Image ISTANBUL, TURKEY — As if you needed to be convinced that Istanbul is one of the world’s hottest technology start-up scenes, New York private equity firm, General Atlantic, announced on Monday a $44 million stake in Turkish on-line food order platform, Yemeksepeti. It is an investment that follows on from a series of brow-raising commitments made last year. They include a $26 million investment Kleiner Perkins and Tiger Global put into Trendyol, Turkey’s Gilt Groupe and a 70 percent stake that South Africa’s Naspers took on Markafoni, a Turkish private shopping club. Amazon, Intel and eBay also put money in 2011 into respective e-commerce platforms, Ciceksepeti, an on-line flower and chocolate marketer, Grupanya, a Groupon namesake, and GittiGidiyor, an eBay clone.
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