Teva to pay $1.2b to settle Provigil case

The US FTC fine is to compensate insurance companies, pharmacies, and retailers that paid more for an original drug.

Thu: Tel Aviv 25 Index down 2.2% for week

Migdal and Leumi fell sharply after reporting their financials.

Mobile marketing co Ubimo raises $7.5m

The proceeds will be used to advance the company’s growth and accelerate its self-service platform expansion.

Opportunity for new start with Israel Tax Authority

The "voluntary disclosure" procedure offers a chance to settle past tax debts without fear of criminal proceedings.

Rakefet Russak-Aminoach Israel Corp. share sale doubles Bank Leumi's profit

Leumi made a NIS 1.171 billion first quarter profit, compared with a NIS 565 million profit in the first quarter of 2014.

David Fattal Fattal buys 18 hotels in Europe for €200m

The acquisition was of 12 hotels in Germany, one in Switzerland, and five in Belgium.

Israel Railways train  picture: Eyal Yitzhar Israel Railways to strike from Sunday

The workers committee says it is protesting unilateral measures by management and the violation of agreements.

shekel  picture: bloomberg Shekel weakens against euro, flat against dollar

FXCM Israel: The interest rate gap between the dollar and the shekel will widen this will push the shekel-dollar rate upwards.

Gadi Lesin Strauss reports lower sales, higher profit

Strauss Group CEO Gadi Lesin: We're investing considerable efforts in product innovation and applying streamlining measures.

Ori Yogev First interest expressed in IMI privatization tender

4-5 Israeli and foreign groups are expected to express interest in acquiring Israel Military Industries.

Jon Medved, photo: PR OurCrowd CEO: We'll reach raising $1b annually

Jon Medved’s innovative investment model connects angel investors and start-ups, creating a new kind of venture capital fund.

Mizrahi Meir

Adv., Meir Mizrahi & Co.

Israel Chemicals workers protest Israel Chemicals signs agreement with workers

40 workers will be laid off and 100 put on early retirement, thus ending the 3-month strike.

Yisrael Katz Katz: We'll arrest striking port workers as criminals

Minister of Transport: If they don't obey the emergency court orders, we'll demand that they be arrested.

Erez Vigodman Teva buys 1.35% stake in Mylan

Teva: Acquiring shares of Mylan underscores our commitment to consummating a transaction as soon as possible.

Mega store  photo: Eyal Yitzhar Mega's losses mount

The supermarket chain's first quarter loss was NIS 31 million, up 39%, from a NIS 22 million loss in the first quarter of 2014.

Dr. Norman Bailey Lessons of Gilo's departure

The antitrust commissioner's resignation is a positive, but the regional news is mixed.

Elsztain Elsztain seeks to delist IDB Development

Eduardo Elsztain is proposing to replace his current commitments under the IDB Holding debt arrangement.

Moshe Kahlon  pohoto: Tamat Matzapi Kahlon breaks election pledge on gas monopoly

Finance Minister Moshe Kahlon promised to liquidate the gas monopoly but recused himself because his friend owns Isramco.

Golan Telecom Golan Telecom TV likely to cost NIS 49 per month

Golan Telecom is aiming to change the rules for competing in the market as it did in mobile telephony.

Ken Minesinger "Israel must work fast to develop Leviathan"

Nevertheless, leading Alaska gas advisor Kenneth Minesinger warns that Israel should not make hasty agreements.

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