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%.
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
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."
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."
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.
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.
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.
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.
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