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Tova Cohen

UPDATE 1-Check Point Software sees Q2 profit in line with estimates

Apr 18 2019

TEL AVIV, April 18 Network security provider Check Point Software Technologies reported first quarter net profit that topped expectations by a cent and forecast second quarter profit in line with estimates.

Israel parliament panel criticizes bank regulator, seeks more oversight

Apr 16 2019

JERUSALEM A parliamentary panel has proposed lawmakers oversee Israel's banking regulator after blaming the central bank for being too lax on regulation that led to high-profile loan defaults by some of the country's largest borrowers.

UPDATE 1-Bank Hapoalim sells 58 pct of credit card unit ahead of public listing

Apr 04 2019

* Isracard is Israel's largest credit card issuer (Adds details, background, CEO quote)

Israel could face austerity under next government

Apr 03 2019

JERUSALEM Israel's economy has barely featured in the run-up to next week's general election, yet the central bank and many economists warn the new government will need to cut spending and raise taxes to rein in a growing budget deficit.

Israeli adtech firm IronSource sees revenue of $900 million in 2019

Apr 01 2019

TEL AVIV Advertising technology firm IronSource, one of Israel's most valuable private technology companies, expects to double revenue in 2019 and is seeking acquisitions valued at hundreds of millions of dollars.

Nvidia CEO says no plans for more acquisitions after Mellanox deal

Mar 26 2019

TEL AVIV U.S. chip supplier Nvidia Corp has no plans for further acquisitions for the time being after its nearly $7 billion purchase of Israeli chip designer Mellanox Technologies, its chief executive said on Tuesday.

Netanyahu cuts short U.S. trip after rocket attack from Gaza

Mar 25 2019

MISHMERET, Israel Israeli Prime Minister Benjamin Netanyahu cut short a visit to the United States on Monday and the military dispatched reinforcements to the Gaza border after a rocket attack near Tel Aviv wounded seven people. | Video

UPDATE 1-Israel's Elbit sees weapons unit IMI making a profit in 2019

Mar 19 2019

TEL AVIV, March 19 Israeli defence electronics firm Elbit Systems said costs relating to the acquisition of IMI Systems sent its quarterly profit lower, but forecast that the weapons and military technology maker will start to make a profit this year.

Exclusive: Israel's chip sales to China jump as Intel expands

Mar 19 2019

TEL AVIV Israel's exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel's Kiryat Gat plant.

Israel's Bank Hapoalim fourth-quarter profit sinks on U.S. tax probe provision

Mar 18 2019

TEL AVIV Israel's Bank Hapoalim reported on Monday sharply lower quarterly net profit, weighed down by a large provision for an ongoing U.S. tax evasion investigation.

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