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Globes Online 

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DreamIt Ventures seeks five Israeli start-ups

February 7, 2012, 8:32 pm

The US incubator is calling for Israeli entrepreneurs to register for its program in Israel. Read More »

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Better Place hiring service staff

February 7, 2012, 8:02 pm

Service and operations reps will operate the electric car company’s battery charging stations. Read More »

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Histadrut reaches deal with employers

February 7, 2012, 8:00 pm

The agreement over contract workers will not stop Wednesday’s general public sector strike, since the Treasury still opposes a similar deal. Read More »

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InspireMD reports positive stent trial results

February 7, 2012, 7:44 pm

Patients using the MGuard device exhibited significant improvement in micro-vascular criteria compared with those treated with bare metal stents. Read More »

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IDB seeking NIS 200-300m loan

February 7, 2012, 7:34 pm

Chairman Nochi Dankner wants a NIS 200-300 million loan from investment institutions. Read More »

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Dot Hill closes Israeli R&D center after 2 years

February 7, 2012, 5:32 pm

The center is based on the acquisition of IAI spin-off Cloverleaf in January 2010. Read More »

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BoI foreign exchange reserves up $2.2b in January

February 7, 2012, 5:10 pm

The foreign exchange reserves totaled $77.1 billion Read More »

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Perrigo beats the analysts’ consensus

February 7, 2012, 5:00 pm

The pharmaceutical company reported double digit growth in revenue and profit for the second fiscal quarter of 2012. Read More »

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Average salary up in November

February 7, 2012, 4:30 pm

The average gross national salary of 3.04 million Israeli employees rose to NIS 8,571 in November 2011 from NIS 8,545 in October. Read More »

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Bank of Israel employees reach separate work agreement

February 7, 2012, 4:22 pm

The Bank of Israel’s foreign currency dealing room will operate as usual tomorrow. Read More »

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Mekorot CEO promises surplus water in 2014

February 7, 2012, 4:10 pm

Shimon Ben Hamo told the Knesset Economics Committee: First we will have to make up the shortfall, then we’ll begin managing the surplus water economy. Read More »

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Mobile analytics app co Appoxee raises early stage funding

February 7, 2012, 3:54 pm

The company will use the capital to develop the next version of its mobile user relationship management suite, and for international sales and marketing efforts. Read More »

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Defense Ministry seeks donors for mine clearance

February 7, 2012, 3:44 pm

The Mine Clearance Authority is close to securing its first two donations, one totaling $150,000 from a US government agency. Read More »

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House C’ttee approves NIS 2,300 salary hike for MKs

February 7, 2012, 3:20 pm

The Knesset House Committee also approved a one-time NIS 15,000 payment to compensate for their salary freeze in 2011. Read More »

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Pluristem to expand stem cell R&D for radiation sickness

February 7, 2012, 3:10 pm

The company will expand its R&D on use of its PLX placental stem cells to treat acute radiation exposure, following preliminary discussions with government authorities. Read More »

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Frutarom buys Brazil’s Mylner for $15.7m

February 7, 2012, 3:00 pm

This is the food flavoring company’s third acquisition so far in 2012 and its first ever in Latin America. Read More »

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Teva veterinary products unit resumes production

February 7, 2012, 2:12 pm

Teva Animal Health in Missouri produces proprietary and generic veterinary products for the US market. Read More »

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Tower qualifies for Kilopass processors

February 7, 2012, 2:00 pm

Kilopass’s processors target several multibillion dollar markets. Read More »

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Allot triples profits

February 7, 2012, 1:50 pm

The company’s revenue rose 36% to $77.8 million in 2011 from $57 million in 2010. Read More »

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Histradut, Treasury to pull all-nighter to avoid strike

February 7, 2012, 1:10 pm

Tomrrow’s general strike will begin at 6am and include the banks, TASE, public transport, local authorities and government ministries. Read More »

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Strike to hit 4,000 Ben Gurion passengers tomorrow

February 7, 2012, 1:02 pm

Airlines will try to bring flights forward to reduce the impact on passengers. Read More »

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Can-Fite unit hires Nobel Laureate as director

February 7, 2012, 12:40 pm

Prof. Roger D. Kornberg won the 2006 Nobel Prize in chemistry for his work on the mechanism and regulation of eukaryotic gene transcription. Read More »

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Tax revenues rose to NIS 23.1b in January

February 7, 2012, 12:30 pm

Fuel excise revenues were 3.6% higher in January than in the corresponding month. Read More »

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Shemen Oil hires drilling rig for September 2012

February 7, 2012, 12:20 pm

Atwood Oceanics will provide its Beacon 3 rig for 180 days at $151,000 per day. Read More »

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Shekel splits against dollar, euro

February 7, 2012, 12:08 pm

Barclays sees the shekel-dollar exchange rate falling to NIS 3.60/$ by year-end. Read More »

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Delek, Noble Energy discover gas at Tanin well

February 7, 2012, 11:12 am

The discovery totals 1.2-1.3 trillion cubic feet, making it larger than the Yam Tethys reservoir. Read More »

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Ayalon Highway northern stretch closed until Friday

February 6, 2012, 6:02 pm

Heavy rain has caused ruts in the roadbed between Herzliya and the final exit leading to Ra’anana. Read More »

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Ofer’s Pacific Drilling to raise $300m in debt

February 6, 2012, 5:50 pm

The ultra-deepwater drillship owner will use the proceeds for company growth, working capital and general corporate requirements. Read More »

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DS: Excess demand won’t allow home prices fall

February 6, 2012, 4:12 pm

Chief economist Alex Zabezhinsky: So long as we don’t see a major change on the supply side, the fall in home prices will only be brief and insignificant. Read More »

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BiolineRX signs second hepatitis C licensing deal

February 6, 2012, 4:02 pm

The company will collaborate with France’s Genoscience and RFS Pharma to develop and commercialize BL-8030. Read More »

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General strike to start Wednesday

February 6, 2012, 3:12 pm

Banks, TASE, buses, railways, hospitals, airports, ports, local authorities, and the government ministries will be shut down. Read More »

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Discount New York profit flat

February 6, 2012, 3:02 pm

Discount New York’s profit fell to $50.1 million in 2011 from $50.6 million in 2010. Read More »

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Shaul Mofaz: Israel needs Merkava tank

February 6, 2012, 2:22 pm

The Knesset Foreign Affairs and Defense Committee chairman promised the Manufacturers Association that he will convene a special committee meeting. Read More »

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BoI: Interest rate cut won’t boost home prices

February 6, 2012, 2:12 pm

The Bank of Israel rebuffs criticism of interest rate cuts, saying that mortgage restrictions have weakened transmission of the interest rate to home prices. Read More »

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Barclays sees upside in Partner, Bezeq

February 6, 2012, 2:00 pm

Barclays raised its recommendation for Partner to “Overweight” and reiterated his target price of NIS 38. Read More »

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Livnat group confirms Mashav purchase means IDB exit

February 6, 2012, 12:30 pm

The notice to the TASE follows a “Globes” report yesterday. Read More »

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Minrav, Electra win NIS 9b IDF ‘training city’ tender

February 6, 2012, 12:14 pm

Defense Ministry director general Udi Shani: This is a great day for the south. Read More »

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Teva faces further NIS 200m tax bill

February 6, 2012, 12:02 pm

After the Tax Authority issued a tax assessment of NIS 2.7 billion in January, it is due to issue a new assessment for 2005. Read More »

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Shekel-euro rate at 5-month low

February 6, 2012, 11:48 am

In international markets, the dollar has strengthened against the euro and the yen. Read More »

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Arnon Milchan to set up content incubator in Israel

February 6, 2012, 11:38 am

Milchan’s New Regency Enterprises will invest in developing concepts submitted by Israeli creators to Add Content. Read More »

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Maiman axes dozens from Ampal and Merhav

February 5, 2012, 8:20 pm

Ampal: As part of the request to postpone debt repayment, we are already implementing a streamlining plan. Read More »

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Visual prosthetics co VisionCare raises $20m

February 5, 2012, 7:50 pm

VisionCare has developed the Implantable Miniature Telescope for the treatment of end-stage age-related macular degeneration. Read More »

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Treasury mulls c’ttee to cap management fees

February 5, 2012, 7:40 pm

The committee is the ministry’s response to a private member’s bill by MK Haim Katz (Likud) to lower management fees from 2% to a maximum of 0.7%. Read More »

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Babylon CEO sells NIS 7.8m stake

February 5, 2012, 7:32 pm

Alon Carmeli has overseen a turnaround in the company’s fortunes and accumulated shares and options worth NIS 25 million. Read More »

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Livnat family to trade IDB for Nesher Cement

February 5, 2012, 5:52 pm

The Livnats are in talks to buy Nesher parent Mashav, which will also give them full control of haulage and logistics firm Taavura. Read More »

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$700m net foreign investment in TASE in 2011

February 5, 2012, 3:50 pm

However, non-residents sold a net $210 million worth of Israeli shares traded on foreign exchanges in 2011. Read More »

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Cabinet unanimously approves Eilat railway

February 5, 2012, 3:30 pm

The 350-kilometer high-speed Tel Aviv-Eilat railway is supposed to cut travel time to two hours. Read More »

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Medi-tate wins EU CE Mark for prostrate device

February 5, 2012, 3:18 pm

The company’s mechanical Benign Prostate Hyperplasia device is for a minimally invasive procedure to reshape the urethra. Read More »

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Treasury to petition Supreme Court against general strike

February 5, 2012, 3:10 pm

The Finance Ministry says the Histadrut does not want talks on contract workers. Read More »

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RedHill obtains Canadian approval for chemo nausea drug

February 5, 2012, 2:34 pm

RedHill has an agreement with Canada’s Algorithme Pharma Inc. to conduct the bioequivalence clinical trial. Read More »

Globes Online »

Israeli VC managers see reduced activity

February 5, 2012, 2:22 pm

VC Indicator: Only 10% of respondents believe that they will increase investments in start-ups over the next six months. Read More »

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Russian oligarch building Caesarea mansion

February 5, 2012, 1:40 pm

Valery Kogan is building a NIS 350 million Caesarea estate down the street from Prime Minister Benjamin Netanyahu’s residence. Read More »

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Electra Real Estate sells 2 Norfolk, Virginia, properties

February 5, 2012, 1:30 pm

The company will report no profit on the $66 million sale. Read More »

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FDA accepts ET View’s balloon catheter application

February 5, 2012, 1:12 pm

The Viva-EB balloon catheter is visually inserted into the bronchial tubes to block one lung. Read More »

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Ticket information co TiqIQ raises $1.7m

February 5, 2012, 12:42 pm

TiqIQ has six employees in New York City and nine at its development center in Tel Aviv. Read More »

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Satcom plunges as purchase offer fails

February 5, 2012, 12:02 pm

Eurocom sought to buy the public’s 20% holding in the satellite communications provider. Read More »

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TASE traders strike

February 5, 2012, 11:50 am

Private traders are protesting the capital gains tax hike to 25% from 20%, as recommended by the Trajtenberg Committee. Read More »

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IDB ends talks to sell Clal Industries

February 5, 2012, 11:36 am

Nochi Dankner opened talks to sell Clal Industries’ unit Nesher Cement to the Livnat family. Read More »

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Delek, Noble Energy discover gas at Tanin well

February 5, 2012, 11:00 am

The Tanin discovery totals 1.2-1.3 trillion cubic feet, making it slightly larger than the Yam Tethys reservoir. Read More »

Globes Online »

SingTel in talks to buy Amobee for $300-350m

February 5, 2012, 10:46 am

SingTel is one of several companies interested in acquiring the Israeli mobile ads development company. Read More »

Globes Online »

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