Edition:
United States

Ari Rabinovitch

Mar 23 2017

Teva Pharm says media reports of up to 6,000 layoffs incorrect

JERUSALEM Teva Pharmaceutical Industries' plans to end unprofitable activities and freeze recruitment, but said Israeli media reports of up to 6,000 layoffs were incorrect.

Mar 22 2017

Currency fallout seen as Israel closes in on Citi's main bond index

TEL AVIV Investment bank Citi is expected to include Israel in its influential World Government Bond Index in coming months, a boost for the local bond market but a potential headache for the central bank as it fights to contain the surging shekel.

Mar 13 2017

Intel's $15 billion purchase of Mobileye shakes up driverless car sector

JERUSALEM/DETROIT Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global automakers. | Video

Mar 13 2017

Intel's $15 billion purchase of Mobileye shakes up driverless car sector

JERUSALEM/DETROIT Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion (12.52 billion pounds) on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global automakers. | Video

Feb 23 2017

Leviathan gas field developers approve $3.75 billion investment

TEL AVIV Developers of the Leviathan natural gas field have approved a $3.75 billion investment (FID) in the first phase of the largest energy project in Israel's history, they said on Thursday.

Feb 14 2017

Israeli funds invest pension windfall in private equity abroad

JERUSALEM Israeli institutional investors are placing billions of dollars in foreign private equity funds after government reforms to encourage household savings brought an influx of cash.

Jan 31 2017

U.S. court ruling on MS drug is the latest blow for Teva

A bitter defeat in a U.S. patents case sent shares in Teva Pharmaceutical Industries plummeting on Tuesday, the latest in a series of setbacks that has investors calling for major changes at the world's largest generic drugmaker.

Jan 31 2017

U.S. court ruling on MS drug is the latest blow for Teva

A bitter defeat in a U.S. patents case sent shares in Teva Pharmaceutical Industries plummeting on Tuesday, the latest in a series of setbacks that has investors calling for major changes at the world's largest generic drugmaker.

Jan 19 2017

Israel bolsters navy to protect offshore oil and gas zone

TEL AVIV Israel is boosting spending on its navy to better protect offshore oil and gas deposits and secure a large maritime zone that abuts that of its neighbor and enemy, Lebanon.

Nov 16 2016

Israel wants 2-3 new energy firms to drill off its coast

JERUSALEM Israel began accepting bids this week from energy companies to drill for oil and gas in 24 offshore blocks, and its energy minister said that in the end he would be happy choosing just two or three foreign exploration groups.

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