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19 December 2014

Benny Landa L'Oreal acquires Benny Landa's ColoRight

The Rehovot-based company develops hair fiber optical digital reader technology.

18 December 2014

Leumi could sell Israel-Corp spinoff stake

Bank Leumi is likely to sell at least 9% of Israel Corporation and Kenon's shares in the next five years.

Alibaba seeks Israeli start-up opportunities

Alibaba representatives visited Israel earlier this week, and met with e-commerce, Internet, and mobile startups.

18/12/2014 22:12 Start ups Roy Goldenberg
Labor/Livni neck and neck with Likud

The latest "Globes"-Smith poll shows that Kahlon, Liberman and Lapid could decide who will form the next government.

18/12/2014 19:09 Politics Lilach Weissman
David Wiessman sells entire Alon Blue Square stake

The market may interpret the sale by the outgoing CEO, in dispute with his partner Shraga Biran, as a vote of no confidence.

18/12/2014 17:14 Retailing Shai Shalev
Compugen, Johns Hopkins team on immune markers

The collaboration will focus on immune checkpoint candidates found by Compugen for potential cancer treatment.

18/12/2014 16:13 Healthcare Globes correspondent
EatWith wins ProSiebenSat.1 SevenVentures Pitch Day

MediSafe and TinyTapt were second and third in the Tel Aviv competition.

18/12/2014 15:19 Start ups Roy Goldenberg
RedHill boosted by University of Minnesota deal

RedHill is buying the rights for the development of a diagnostic Crohn's disease test.

18/12/2014 14:50 Healthcare Globes correspondent
Phoebus Energy to cut Fattal Hotels costs

The smart energy system will save 50-75% on the chain's heating and air-conditioning.

18/12/2014 14:31 Start ups Globes correspondent
Cofix and Cofizz cafe logo conflict heats up

Cofizz has filed a defense with the trademark registrar on the logo similarity suit as the two discount cafes trade insults.

18/12/2014 13:57 Retailing Chen Ma'anit
Water corps to be closed, cutting water rates 9%

The government appointed committee will recommend closing the water corporations.

18/12/2014 12:18 Water Yossi Nissan
GetTaxi adds child seat options in Israel

The GetKids service costs NIS 5.20 and is also available for taxis to Ben Gurion Airport.

Shekel weaker against dollar, stronger against euro

Prico: The potential for shekel depreciation against the dollar has not yet been realized.

18/12/2014 09:22 Market Kobi Yeshayahou

17 December 2014

Teva and Russian partner at loggerheads

Relations between Teva and Biotec have deteriorated into a legal dispute and an entanglement with the Russian authorities.

17/12/2014 20:47 Healthcare Shiri Habib-Valdhorn
Bank of Israel joins war against unreported income

The Supervisor of Banks is ordering Israeli banks to require foreign residents to declare having paid tax on the money in accounts.

17/12/2014 18:24 Financial services Irit Avissar
Teddy Sagi raises 100m in MarketTech London IPO

The Israeli has successfully floated Camden Market, at a company value of 750 million.

17/12/2014 15:13 Market Tali Tsipori
Golan launches 4G service for NIS 99 per month

The plan includes 20GB of data, more than any other network currently offers.

TerraLab incubator hosts EU economic attachés

The diplomats saw four start-ups at the Terra Venture Partners incubator in Yokneam.

17/12/2014 12:51 Start ups Globes correspondent
US court delays Teva launch of generic Celebrex

Teva has lost its 180 days exclusivity for the generic version of Pfizer's arthritis and chronic pain treatment.

17/12/2014 12:39 Healthcare Globes correspondent
Discount Bank sells 2% First Int'l Bank stake

After Discount Bank sells the shares for NIS 100 million, it will have a 16.5% holding in First International Bank.

17/12/2014 10:32 Financial services Irit Avissar
Shekel rallies on jittery market

Matach24: Investors are recovering from the market tailspin and returning to the shekel.

17/12/2014 10:02 Market Kobi Yeshayahou

16 December 2014

"Copaxone risk dramatically down"

Bank of Jerusalem Brokerage has upgraded its recommendation on Teva.

16/12/2014 18:28 Healthcare Kobi Yeshayahou
Bank of Jerusalem in merger talks with Dexia Bank

The aim is for Bank of Jerusalem to acquire all of Dexia Bank, making it a private company.

16/12/2014 16:20 Financial services Irit Avissar
Israel Chemicals to invest $452m in Chinese potash co

Israel Chemicals will set up a joint venture with Yunnan Yuntianhua and hold a 15% stake in the Chinese company.

Defense Ministry conducts successful Arrow 3 trial

Israel's Ministry of Defense said the Arrow 3 anti-ballistic missile system performed its mission successfully on a target missile.

BioLineRX signs Novartis strategic cooperation deal

Novartis will invest $10 million in BioLineRX for a 12.8% stake. They will select three projects for joint development.

16/12/2014 14:56 Healthcare Gali Weinreb
Amdocs launches mobile financial services

Amdocs and Triotech will enable State Bank of India and Bharat Sanchar Nigam to offer mobile financial services.

16/12/2014 14:04 IT Shiri Habib-Valdhorn
Rate of Israelis below poverty line falls

Israel still has the third worst rate of poverty in the OECD, the National Insurance Institute reports.

16/12/2014 13:06 Economy Globes correspondent
easyJet to launch Tel Aviv - Paris flights

From March, easyJet will operate three flights a week between Ben Gurion and Charles de Gaulle airports.

16/12/2014 12:05 Tourism Globes correspondent
Starboard sells DSP Group holdings

After ousting its chairman, the US-based fund is no longer a party at interest in DSP.

16/12/2014 11:35 IT Shiri Habib-Valdhorn
Merrill Lynch sees shekel rate cut in Q1 2015

Deflation in the economy will mean an interest rate cut unless the shekel continues depreciating steeply, Merrill Lynch says.

16/12/2014 11:14 Economy Globes correspondent
Shekel weakens after Moody's warning

The shekel has weakened sharply after Moody's warned yesterday that Israel's political situation was "credit negative".

16/12/2014 10:11 Market Yossi Nissan

15 December 2014

IEC may withdraw $4.2b suit against Egypt

Israel Electric Corp denies there is Israel government pressure to drop the suit over the halting of Egyptian gas in 2011.

15/12/2014 19:21 Politics Amiram Barkat
Consumer Price Index down 0.2% in November

The CPI has also fallen 0.2% in 2014 so far, despite the shekel's depreciation and historic low interest rates.

15/12/2014 18:51 Economy Amiram Barkat
Discount Bank to expand early retirement program

The bank may expand its early retirement program to include 100 more employees.

15/12/2014 18:30 Financial services Irit Avissar
Another Israeli cannabis co to be traded on Wall Street

One World Cannabis is holding a reverse merger with Dynamic Applications.

15/12/2014 18:29 Healthcare Shiri Habib-Valdhorn
Israel Chemicals mulls Namibian Leviev investment

Lev Leviev plans investing $800 million to set up the Namibian phosphate mine.

15/12/2014 18:29 Market Shai Shalev
Ramat Gan mayor Yisrael Zinger suspect in graft affair

Zinger has been placed under house arrest and another suspect is Nimrod Nir, son of Judy Nir Mozes Shalom.

15/12/2014 17:54 Legal Chen Ma'anit
Pfizer buys Israel-developed hormone drug from Opko

Pfizer will pay $295 million for the growth hormone treatment and up to $275 million in milestone payments, and royalties.

15/12/2014 17:11 Healthcare Gali Weinreb
Ceragon to fire 46 in Israel

The wireless backhaul solutions provider is laying off 155 employees worldwide, 145 of its workforce.

15/12/2014 16:47 Employment Shiri Habib-Valdhorn
Trax Image Recognition raises $15m

The company provides in-store shelf monitoring, analysis and technology powered by image recognition.

15/12/2014 15:51 Start ups Roy Goldenberg
Moody's warns gov't collapse is credit negative

Moody's: Israels political turmoil will dampen economic confidence, delay growth-boosting reforms and hinder fiscal planning.

15/12/2014 15:27 Politics Adi Ben-Israel
Outbrain readies for Nasdaq IPO with senior appointment

The Israeli content recommendation company has appointed former Check Point exec Ronen Koehler as head of staff.

15/12/2014 14:54 Start ups Shiri Habib-Valdhorn
Outflow from mutual funds accelerates

Against a background of falling markets, most categories of funds saw a rise in net redemptions last week.

15/12/2014 14:51 Market Kobi Yeshayahou
Shekel weaker as CPI reading awaited

Israel's Consumer Price Index is expected to show a 0.3% fall for November.

15/12/2014 12:15 Market Globes correspondent
Police detain senior officials in Ramat Gan graft probe

Ramat Gan municipality officials are suspected of offering jobs and contracts in exchange for support for a mayoral candidate.

15/12/2014 10:43 Politics Chen Ma'anit

14 December 2014

Kushner family withdraws from Phoenix acquisition

The Kushner family was unable to agree on terms with Delek Group.

Pontifax first fund earns 37% return

Healthcare venture capital fund management company Pontifax is likely to raise its fourth fund next year.

14/12/2014 19:09 Healthcare Gali Weinreb
Benny Landa to hire dozens for nano-printing venture

Landa Digital Printing will supply its first printers to its customers in 2015.

Architect Eli Attia sues Google for stealing invention

Google estimates Engineered Architecture has $120 billion potential annual revenue. Attia and Max Sound are suing for compensation.

14/12/2014 18:16 Legal Moshe Lichtman
Sagi's SafeCharge acquires Israeli co CreditGuard

Both companies provide clearing services for online payments and the acquisition will help SafeCharge expand in Israel.

14/12/2014 17:05 Market Tali Tsipori
Shefa Yamim drilling finds potential for precious stones

A drilling test near Haifa revealed corundum, sapphire, rubies, and moissanite.

14/12/2014 15:31 Market Kobi Yeshayahou
El Al extends economy plus class to 777 planes

El Al also announced today that its Sundor brand is introducing regular flights from Tel Aviv to Nice and Naples.

Bella Telecom teams with South Africa's Universal Phone Co

The partnership will give Bella access to sub- Saharan markets.

Gasoline prices to fall sharply at end of month

The price of 95-octane will fall by NIS 0.55-60 per liter at the end of December.

14/12/2014 12:14 Energy Hedy Cohen
Report estimates Royee gas prospect at 3.2 TCF

If it materializes, this makes Royee, owned by Ratio, Israel Opportunity and Edison, Israel's third largest gas reserve.

11 December 2014

Work dispute declared at Haifa Port, Israel Railways

Many of the disputes declared by the Histadrut involve employment of contract workers.

Water rates to fall 10% in January

Rates were also cut by 5% last January and 0.5% in July.

11/12/2014 17:34 Water Kobi Yeshayahou
Teva 2015 guidance sees falling revenue, stable profit

Generic competition for Copaxone and foreign currency volatility will hit Teva's sales.

11/12/2014 16:37 Healthcare Shiri Habib-Valdhorn
Ormat Technologies to dual-list on TASE

Ormat Technologies will also be listed for trading on a third stock exchange.

11/12/2014 16:16 Energy Shiri Habib-Valdhorn
One Hour Translation hires 30 Israelis

The Israeli online translation company will also hire 30 employees in the US and 20 more in Europe.

11/12/2014 15:15 Employment Tzahi Hoffman
Steimatzky wins Ben Gurion airport tender

Under new ownership, Steimatzky will operate 4 airport stores and is opening five new street stores.

11/12/2014 14:35 Retailing Yaniv Magal
Allflex buys milk production monitoring co SCR for $250m

The US livestock ID leader is acquiring the Netanya based dairy herd specialist.

Partner, Cellcom relegated from Tel Aviv 25 Index

Melisron and Frutarom will replace the mobile phone carriers, which have been hit by fierce competition in the sector.

11/12/2014 12:41 Market Globes correspondent
Tshuva: BG Leviathan deal in first quarter 2015

Delek is also concluding deals to sell Tamar gas to Union Fenosa and the Egyptian domestic market.

11/12/2014 11:58 Energy Globes correspondent
Silicom buys Danish network appliances co Fiberblaze

The Israeli networking company will pay $10 million subject to performance milestones.

11/12/2014 10:56 IT Globes correspondent
Shekel rebound against dollar continues

FXCM Israel: Traders are profit taking before the end of the year but the trend in 2015 is for the shekel to weaken.

11/12/2014 10:32 Market Moshe Golan
Missile defense systems boost US military aid to Israel

Congress's 2015 spending bill includes $3.7 billion in US military aid to Israel.

11/12/2014 09:20 Politics Ran Dagoni, Washington
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