02.09.2010. Stocks rise on economic hopes ahead of payrolls
NEW YORK (Reuters) - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
02.09.2010. China approached Canadian fund on rival Potash bid
MELBOURNE/TORONTO (Reuters) - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.
02.09.2010. Heavy in dollars, China warns of depreciation
BEIJING (Reuters) - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
02.09.2010. Economic data damp down fears of new recession
WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.
02.09.2010. Burger King agrees to $3.3 billion sale to 3G Capital
LOS ANGELES (Reuters) - Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald's Corp.
02.09.2010. Murdoch: Global economy is still not out of turmoil
NEW YORK (Reuters) - News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable
02.09.2010. Bernanke takes blame for muddled message on Lehman
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.
02.09.2010. Lehman preps bank units for sale or shutdown
NEW YORK (Reuters) - Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show.
02.09.2010. HP wins 3PAR for $2.4 billion as Dell drops out
NEW YORK (Reuters) - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday.
02.09.2010. Apple and Google to clash in music space by Christmas
NEW YORK (Reuters) - Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc, according to people familiar with the matter.
Highlights
Small but real salary growth
26.Avgust 2010. Source: Tanjug BELGRADE - Serbia in the past few months saw a 'very small, but still real growth in average earnings'. This is according to Minister of Trade and Services Slobodan Milosavljević, who added that in June 2010, the average net salary was 2.6 percent higher than in the same month last year. "According to the latest statistical data, the average net salary in June was RSD 34,161 (EUR 331), which is by 2.6 per cent more in real terms compared to the same month last year," Milosavljević told reporters in the Trade Ministry, and pointed out that "statistical data show a little different picture than is a general belief in the public and the media." "Except for the state administration, or the public sector, in the rest of the economy we have a small but noticeable increase in average net earnings," Milosavljević said.
Q&A
Question: What does the word 'ORAH' mean? Why did you choose it?
Answer: 'Orah' is the word in Serbian, Croatian and Bosnian for 'WALNUT'. We chose this name for a variety of reasons. Both as a tree and a fruit, the walnut (nux juglandacea) has great symbolic value and meaning in the Balkans. As a fruit, it can be conserved for a long time, it produces oil, it is used to make 'walnut wine' (the French call it St.John's wine) or can be distilled as a strong brandy, it is used in a wide variety of culinary preparations, especially cakes. Its shell, powdered, has the appearance of pepper and is tasteless; it is often used in restaurants to 'dilute' pepper, which is much more expensive. The walnut is also a magnificent tree, 10 - 25 meters high and living up to 3-400 years). Its leaves were used with walnut shell soft cortex to colour the skin of Anglo-Saxon warriors before battle, and was called 'wode'. Of course, the wood of the walnut tree is much used in furniture-making and other carpentry, and is so beautiful that it is also used as veneer. The walnut symbol for ORAH is twofold: its shell is strong and tough like armour, and it is like a small treasure chest; at the same time, it holds the seed of a huge and beautiful tree.
