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 reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America.
- Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries, and raised its full-year earnings forecast.
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.