Joint ventures
Lou Ottens, inventor of the Audio Cassette Tape, dead at 94
Engineer at Philips also involved in developing compact disc technology
World Bank does not support general salary increase
World Bank(WB) Country Manager for Serbia Tony Verhijen said that the WB was in favor of a selective salary increase as the system in Serbia had many anomalies.
Verhijen said for state-run broadcaster RTS that the governemnt needed a good package to offer to investors for the strategically important enterprises it wanted to privatize.
Charter buys US giant Time Warner Cable in $78.7 billion deal
U.S. cable company Charter Communications announced on May 26 it is acquiring rival Time Warner Cable in a deal valued at $78.7 billion, in a major consolidation on the American market.