Edition:
United States

Tova Cohen

UPDATE 2-Israel's Bezeq may write down up to 2.1 bln shekels in Q2

Aug 25 2019

TEL AVIV, Aug 25 Bezeq Israel Telecom said on Sunday it may write down as much as 2.1 billion shekels ($599 million) in the second quarter from its mobile telephone and satellite TV units, sending its shares down nearly 7%.

Israel eases rules on cyber weapons exports despite criticism

Aug 23 2019

TEL AVIV Israel is easing export rules on offensive cyber weapons, despite accusations by human rights and privacy groups that its technologies are used by some governments to spy on political foes and crush dissent. | Video

Israeli ex-CEO convicted in U.S. over $145 million binary options fraud

Aug 08 2019

TEL AVIV/NEW YORK A U.S. jury has convicted Lee Elbaz, the former chief executive of Israel-based Yukom Communications, of orchestrating what prosecutors called a scheme to defraud investors through the sale of $145 million of financial instruments known as "binary options."

UPDATE 1-Israeli ex-CEO convicted in U.S. over $145 mln binary options fraud

Aug 08 2019

TEL AVIV/NEW YORK, Aug 8 A U.S. jury has convicted Lee Elbaz, the former chief executive of Israel-based Yukom Communications, of orchestrating what prosecutors called a scheme to defraud investors through the sale of $145 million of financial instruments known as "binary options."

Israel's Teva Pharm profit falls less than expected, CFO to leave

Aug 07 2019

TEL AVIV Teva Pharmaceutical Industries reported a smaller-than-expected drop in second-quarter profit on Wednesday and said its chief financial officer was leaving the company.

Chipmaker TowerJazz second-quarter profit drops less than forecast, to expand capacity

Jul 29 2019

TEL AVIV Chip manufacturer TowerJazz posted a drop in second quarter profit as revenue fell due to a price cut for a renewed contract, and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand.

Check Point Software second-quarter results meet forecasts, reaffirms outlook

Jul 24 2019

TEL AVIV Network security provider Check Point Software Technologies reported quarterly net profit in line with forecasts thanks to growth in security subscriptions revenues, and affirmed its outlook for the year.

Israel's Gazit Globe bets on East Europe real estate with Atrium stake increase

Jul 23 2019

TEL AVIV Israeli real estate developer Gazit Globe has agreed to buy the 40% of Atrium European Real Estate it does not already own, betting on growth in densely populated urban areas of Eastern Europe.

On the menu soon: lab-grown steak for eco-conscious diners

Jul 15 2019

REHOVOT, Israel Diners in some upmarket restaurants will soon be able to tuck into laboratory-grown steak, thanks to an Israeli startup that seeks to tap into consumer concerns about health, the environment and animal welfare. | Video

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