TAIPEI - A TransAsia Airways turboprop plane crashed on its second attempt at landing during a thunderstorm on an island off Taiwan on Wednesday, killing 47 people and setting buildings on fire, officials said.
- PepsiCo Inc's PEP.N higher-than-expected quarterly profit could give the company more ammunition against an activist investor who wants it to separate its snack and beverage businesses.
- Boeing Co reported a 52 percent jump in quarterly profit, helped by higher commercial plane deliveries and one-time tax gains, but investors were spooked by rising costs in its military tanker program.
Amid cheering and horn blasts, the hulk of the Costa Concordia cruse ship is making its final journey, away from the Italian island of Giglio where it ran aground two and a half years ago. Rob Muir reports.