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19 April 2015

Teva Kfar Saba Teva offers early retirement to 200 Kfar Saba plant employees

The cuts are part of Teva's attempts to maintain its global competitiveness.

19/04/2015 16:58 Healthcare Nadav Neuman
Apartments sold and rented

A selection of recent deals in the residential real estate market.

19/04/2015 15:25 Real estate Ori Chudy
Maya Yaniv Cellcom workers agree voluntary retirement terms

200 employees retired in last year's cuts, and it is estimated that the number of retirees this year will be even greater.

19/04/2015 15:06 Employment Gad Perez
Vladimir Putin Putin warns Israel against selling arms to Ukraine

The Russian president warned against a possible Israeli response to the Russian sale of the S-300 air defense system to Iran.

19/04/2015 14:00 Politics Globes correspondent
Haifa Bay  picture: Eyal Yitzhar Haifa municipality blockades polluting plants

Haifa mayor Yona Yahav: We are taking matters into our own hands and not waiting for the government.

19/04/2015 12:57 Economy Globes correspondent
Erez Vigodman Teva mulling bid for Mylan – Bloomberg

According to Bloomberg, "Teva is evaluating the purchase internally and has also approached advisers."

19/04/2015 10:16 Healthcare Globes correspondent
Ryanair Ryanair plans €140 Israel-Europe flights

Ryanair is renewing talks with Israeli tourism and aviation authorities, "Yediot Ahronot" reports.

19/04/2015 09:28 Tourism Globes correspondent

16 April 2015

Light rail construction to disrupt TA traffic till 2021

Construction of five underground stations in Tel Aviv is due tocommence later this year.

Teva dips as generic Copaxone approved

The FDA has approved a generic version of 20mg Copaxone produced by Sandoz and Momenta Pharmaceuticals.

16/04/2015 22:07 Healthcare Kobi Yeshayahou
Gulf state reps eye Israeli cyber technology

The representatives held meetings with an Israeli company at Interpol World 2015 in Singapore.

Former Teva CEO Jeremy Levin heads US start-up

US company Ovid is working on a Lundbeck product to develop a treatment for autism.

16/04/2015 20:34 Healthcare Gali Weinreb
Intec signs $150m delayed release drug deal

Intec Pharma is partnering with a major pharmaceutical company on the treatment.

16/04/2015 17:10 Healthcare Gali Weinreb
Gasoline prices expected to rise NIS 0.06 next month

A liter of 95-octane gasoline at self-service pumps in Israel could rise to NIS 6.58 in May.

16/04/2015 15:16 Energy Hedy Cohen
IDF deploys tunnel detectors on Gaza border

The detectors developed by Elbit Systems can cost up to $2 million per kilometer.

Intel results boost Mellanox

Intel's new communications platform is generating demand for Mellanox's products.

16/04/2015 14:33 IT Shiri Habib-Valdhorn
Netanyahu moves forward in forming new coalition

Naftali Bennett's Habayit Hayehudi party will likely receive three cabinet portfolios.

16/04/2015 13:08 Politics Lilach Weissman
23% of Israel's Holocaust survivors live in poverty

189,000 Holocaust survivors are living in Israel, 36% of them live alone.

16/04/2015 10:39 Economy Michal Raz-Chaimovich
Treasury softens stance on Israeli gas monopoly

The ministry of finance will not demand that Noble Energy lower its Leviathan holding from 36% to 10%.

16/04/2015 10:17 Energy Amiram Barkat
Shekel stronger against dollar after CPI rise

The CPI rise in March takes pressure off the Bank of Israel to again cut interest rates.

16/04/2015 09:43 Market Globes correspondent

15 April 2015

CPI rises 0.3% in March, less than expected

The Consumer Price Index (CPI) has fallen 1% over the past 12 months, and 1.3% since the beginning of the year.

15/04/2015 18:58 Economy Amiram Barkat
Israel joins Chinese infrastructure bank

Israel is joining the Asian Infrastructure Investment Bank (AIIB) despite US opposition.

Shell acquisition of BG jeopardizes Leviathan deal

Analysts warn that Israel's regulator must act fast to save the Leviathan partners $30 billion BG deal.

15/04/2015 18:44 Economy Hedy Cohen
Dispute deepens between fiber-optic venture partners

The Israeli partners are accusing ViaEuropa and Cisco of stealing money.

Israel's Matomy acquires activities of Canada's Avenlo

Avenlo brings significant real-time, data-driven ad targeting and media buying capabilities to Matomy.

Foamix raises $60m in Nasdaq secondary offering

The Israeli biomed company develops foam-based dermatological drugs.

15/04/2015 17:46 Healthcare Gali Weinreb
ICL tells court layoffs will be implemented

115 employees at Dead Sea Works and Bromine Compounds have been served with dismissal notices.

15/04/2015 16:55 Employment Yossi Nissan
Comverse transfers 570 jobs to Indian co

The jobs will be transferred as part of a strategic cooperation agreement with Tech Mahindra.

15/04/2015 16:22 Employment Shiri Habib-Valdhorn
Delek US buys 48% Alon USA stake

Alon Israel Oil, which badly needs cash, has sold a 48% stake for $572.4 million.

15/04/2015 16:18 Energy Ron Stein
Israel tax revenues rose 11% in March

March tax revenues exceeded the forecast by NIS 2 billion with revenues from home purchases up 31%.

15/04/2015 15:24 Economy Adi Ben-Israel
Chinese regulator approves D-Pharm epilepsy drug trial

D-Pharm has teamed with China's Nhwa Pharmaceutical in developing DP-VPA.

15/04/2015 14:29 Healthcare Globes correspondent
Viola Private Equity closes $250m investment fund

Viola Private Equity invests in growth-stage companies in software, eCommerce, cyber security, FinTech, and healthcare.

15/04/2015 13:58 Start ups Roy Goldenberg
Nochi Dankner: I believed in IDB

Protesting his innocence in court on charges of manipulating shares, Dankner said he invested NIS 56 million in the stock.

Shekel gains more ground against dollar

FXCM Israel: Today's CPI could cause volatility in the shekel-dollar exchange rate.

15/04/2015 10:02 Market Yossi Nissan

14 April 2015

Cloud security co Adallom raises $30m

The financing round includes the first investment by Hewlett Packard Ventures.

14/04/2015 19:37 Start ups Globes correspondent
Teddy Sagi's Market Tech buys Utopia Village for £44m

The office complex is near to London's Camden Market.

14/04/2015 19:27 Market Globes correspondent
Tel Aviv plans high-tech parking enforcement

The planned computerized camera system will make it unnecessary to deploy parking inspectors on foot.

Rabbi Yoshiyahu Pinto convicted of bribery

Following a plea bargain, the state will ask for a one-year sentence.

14/04/2015 18:34 Legal Gur Megiddo
Leumi's Hedva Bar tipped to be next Supervisor of Banks

The head of Bank Leumi's risk management division is the frontrunner to replace David Zaken.

Accelta signs collaboration with Stemcell Technologies

Accelta believes that its solution will lower the cost of growing stem cells.

14/04/2015 17:22 Healthcare Globes correspondent
Monitoring co EarlySense teams with Japan's Mitsui

The strategic cooperation agreement includes a $5 million investment by the Japanese conglomerate.

14/04/2015 17:14 Healthcare Gali Weinreb
ICL employees tell court talks are deadlocked

The strike at Bromine Compounds and Dead Sea Works has been going on since February.

14/04/2015 17:10 Employment Yuval Azulai
IEC to take up $6b option for Tamar gas

IEC will exercise only part of its option, allowing it to do business later with new suppliers.

14/04/2015 14:11 Energy Hedy Cohen
Music education technology co Tonara raises $5m

Chinese search engine Baidu led the investment, which will accelerate growth, particularly in China.

14/04/2015 12:54 Start ups Roy Goldenberg
Ehud Barak invests $1m in Reporty Homeland Security

The "smart cities" company streamlines communications between citizens and official bodies.

14/04/2015 12:23 Start ups Roy Goldenberg
Partner and Hot Mobile to fire dozens

In forming a joint venture to manage their shared network, Partner and Hot will lay off up to 55 maintenance employees.

Shekel-dollar rate retreats

The shekel-dollar pair has fallen back from the NIS 4/$ level it breached yesterday, and the shekel is also stronger against the euro.

14/04/2015 09:44 Market Hillel Koren

13 April 2015

China's Fosun and Delek extend Phoenix deadline

Delek has given Fosun 30 more days of exclusivity in negotiations to buy the Israeli insurance company.

13/04/2015 19:20 Financial services Ron Stein
Apax Partners buys catering co Schulz

Apax is buying 80% of Schulz, which provides meals to IDF bases, and companies, for an estimated NIS 60-70 million.

"Global Finance:" Hapoalim is Israel's best bank

This is the fourth consecutive year that the magazine has awarded the title to Bank Hapoalim.

Shekel-dollar rate again tops NIS 4/$

The Bank of Israel set the representative rate at NIS 4.014/$ today, 1.8007% above Thursday's rate.

13/04/2015 15:52 Market Globes correspondent
Bank Hapoalim mulls Snapchat updates

The bank has posted an online survey to gauge customer interest in receiving updates via Snapchat or Telegram.

US co Avid to pay $60m for Israel's Orad

Orad Hi-Tec Systems provides 3D real-time graphics, video servers and related asset management solutions.

Shekel weakens sharply against dollar

The shekel-dollar rate has been catching up with the global trend at the end of last week.

13/04/2015 10:22 Market Hillel Koren
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