Edition:
United States

Tova Cohen

Sohn Conference: Hedge funds recommend Japanese equities, Germany's E.ON, selling AT&T debt

Oct 03 2018

TEL AVIV, Oct 3 Hedge fund managers recommended buying Japanese equities and shares in German utility E.ON , and shorting AT&T debt among their top investment picks at the Sohn investment conference in Tel Aviv on Wednesday.

Pipeline deal brings export of Israeli gas to Egypt within sight

Sep 27 2018

JERUSALEM Companies operating in both Israel and Egypt will buy a 39 percent stake in the EMG pipeline to enable a landmark $15 billion natural gas export deal to begin next year, the partners said on Thursday.

UPDATE 1-Israel's Bank Hapoalim profit beats estimates, dividend on hold

Aug 16 2018

TEL AVIV, Aug 16 Israel's largest lender Bank Hapoalim reported higher quarterly net profit that topped estimates, but put its second quarter dividend on hold for now due to a U.S. tax evasion investigation.

Israeli markets to get short-term boost from improved credit ratings

Aug 05 2018

TEL AVIV Israeli shares jumped nearly 2 percent on Sunday after Standard & Poor's upgraded the country's sovereign debt rating, and analysts said that in the short term the move would boost stocks, bonds and the shekel.

Teva Pharm shares sink as sales forecast disappoints market

Aug 02 2018

TEL AVIV Teva Pharmaceutical Industries on Thursday raised its profit outlook for 2018 after reporting a smaller than expected drop in second-quarter net profit, but its shares tumbled eight percent on disappointment over its unchanged revenue outlook.

Check Point Software doubles share buyback plan after solid second quarter

Jul 25 2018

TEL AVIV Network security provider Check Point Software Technologies reported a better-than-expected second quarter net profit and doubled its overall share repurchase program on Wednesday to $2 billion.

Israel's Elbit speeds up race to fly military drones in civil airspace

Jul 12 2018

REHOVOT, Israel Israeli defense firm Elbit Systems on Thursday unveiled a 1.6 ton unmanned aircraft vehicle (UAV) designed to fly in airspace currently reserved for piloted civilian planes as a race heats up to deploy military drones outside combat zones.

Israel charges former employee of NSO Group with cyber crimes

Jul 05 2018

TEL AVIV A former employee of cyber surveillance company NSO Group has been charged with stealing intellectual property and trying to sell it for $50 million over the Darknet in a manner that could harm state security, Israel's Justice Ministry said.

Exclusive: BrainStorm will not provide ALS therapy under U.S. Right to Try act

Jun 26 2018

TEL AVIV BrainStorm Cell Therapeutics Inc will not make its experimental stem cell treatment for neurodegenerative diseases available under the new U.S. "Right to Try" (RTT) act, citing a failure to find a way to enable all patients to afford the treatment.

SkyHigh not the limit of McAfee's ambition, IPO an option

Jun 21 2018

TEL AVIV Cybersecurity firm McAfee is looking at further acquisitions after buying security provider SkyHigh Networks this year and has not ruled out going public again to widen its options, its chief executive said.

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