News: Israel’s Business Arena
The food company has gone on the counterattack against protests at the gap between its prices in Israel and abroad.
Israel’s big groups will have to unload substantial holdings if the committee’s recommendations, presented today, are accepted.
The car fleet management solutions and roadside services provider will distribute its entire 2011 profit as a dividend of $25.8 million ($1.23 per share).
The Histadrut’s 503,800 members will vote in its elections on May 22.
The investment arm of Motorola Solutions is recommencing Israeli operations after a two-year hiatus.
The company beat the analysts’ consensus of earnings per share of $0.19 on $330.3 million revenue for the year.
The project has a NIS 40 million budget.
VTB Bank granted a $134 million loan to finance the acquisition of the planned parking garage at the AFIMall City in Moscow.
CF102 was found to be safe in preclinical and Phase I clinical trials.
The bid comes a month after Israel Ports and India’s Cargo Motors won the $700 million tender to build the deepwater port at Nargol, in Gujarat State.
Intel has clarified that Maxine Fassberg will continue to head Israel operations, while Mooly Eden will serve as president.
Eilat Port posted a net profit of NIS 9 million on NIS 56 million revenue in the first half of 2011.
Copaxone sales totaled $3.57 billion in 2011, 20.7% more than in 2010. The increase was apparently due to higher prices.
Thrombotech’s peptide, THR-18 for the treatment of thrombolytic strokes, is undergoing a Phase IIa clinical safety and efficacy trial.
Partner’s 2011 profit fell by a third to NIS 763 million, as its churn rate rose to 29% in 2011 from 21% in 2010.
Yitzhak Tshuva will use the proceeds to finance the companies’ share of developing the Tamar and other gas fields.
Traders are getting ready for next Monday’s interest rate decision for March by the Bank of Israel.
Teva allegedly sold vials large enough to be reused by doctors resulting in colonoscopy patients developing hepatitis C.
Over 12,000 people have joined the call for a boycott.
Most of the reduction will be made in 2013, when fund managers will be allowed to charge management fees of up to 1.1%.
