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Business and Economy
Super Bowl 2013 ad that upset Pepsi and Coke: 
'With SodaStream, we could have saved 500 million bottles on Game Day alone.'
 

Posted on: June 6th, 2013

News & ViewsBusiness and Economy

If you can’t beat’em, join’em. PepsiCo is reportedly bidding $2 billion buy out the Israeli SodaStream firm. A buyout could jeopardize the factory in Maaleh Adumim because of the boycott movement.

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Posted on: June 5th, 2013

News & ViewsBusiness and Economy

Argentinean real estate mogul Eduardo Elsztain said he will invest $75 million in Israel businesses, including $57 million in the struggling IDB group and $18 million in Ganden Holdings, both controlled by Israeli businessman Nochi Dankner. In February Elsztain, a vice president of the World Jewish Congress, bought a 10 percent stake in Ganden for […]

 

Posted on: June 4th, 2013

News & ViewsBusiness and Economy

The Israeli-based Wix website developer company has filed for a $75 million initial public offering (IPO) to raise the company’s value to $400 million. Last week, the Israeli-based Kamada medical treatments company completed an IPO prior its stock trading on NASDAQ last week. Software developer Babylon also has filed for IP, and Caesarstone Sdot Yam […]

 

Posted on: June 2nd, 2013

News & ViewsBusiness and Economy

Israel is the home to 84,000 millionaires, putting it in 10th place in the world’s ranking of the number of millionaires as a percentage of the number of households, according to The Boston Consulting Group, in its report “Maintaining Momentum in a Complex World: Global Wealth 2013.” In percentage term, there is a millionaire in […]

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Posted on: June 2nd, 2013

News & ViewsBusiness and Economy

Israeli VAT tax went up 1% to 18% on Saturday night. It’s now at its highest level in a decade. The government expects the tax hike will raise an additional NIS 4.4 billion a year in revenue, assuming the economy stays strong. The price of gasoline also rose to NIS 7.52 for 95 octane. This […]

 

Posted on: May 31st, 2013

News & ViewsBusiness and Economy

Former U.S. Secretary of the Treasury Larry Summers will join several other world financial leaders on June 18 for a $30,000 farewell party for Bank of Israel Governor Stanley Fischer, the Globes business newspaper reported Thursday. Fischer is leaving in the middle of his second term of office after having made aliyah to take the […]

File photo of the SEC seal in Washington
 

Posted on: May 30th, 2013

News & ViewsJewishAntisemitism

Shurat HaDin sent a warning letter to TIAA-CREF last month informing its leadership that the boycott resolution was a violation of both federal and New York State law.

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Posted on: May 30th, 2013

News & ViewsBusiness and Economy

Israel’s Waze user-based social mapping and navigation startup seems to be too Zionist for Facebook, which has been trying to pay up to $1 billion for the company. Facebook reportedly insists that the Waze management team re-locate to California from Israel, a condition that money can’t buy, at least not yet, according to the AllThingsD […]

The JC Penney tea kettle that can be seen as resembling Hitler
 

Posted on: May 29th, 2013

News & ViewsBusiness and Economy

Bad publicity sometimes is great for business, especially if it involves Hitler. JC Penney hurriedly removed a billboard showing a tea kettle that looked like Hitler. It sold out on the Internet.

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microsoft-sign-resized.jpg
 

Posted on: May 29th, 2013

News & ViewsBusiness and Economy

Microsoft and Cisco learn how Abbas defines ”direct talks.” Their officials are to attend an Israel-PA high-tech confab. Abbas’ adviser says it’s “unacceptable.” It gives the world the wrong impression.

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Rabbi Berkovits addressing the crowd of nearly 500 women at the Temech Conference in Jerusalem.
 

Posted on: May 29th, 2013

News & ViewsIsraelAliyah

What makes a brand extraordinary is its “why” – the emotional reason that makes a person want to purchase that item. Simple, right? Basic, too. What’s more, it works.

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Posted on: May 26th, 2013

News & ViewsBusiness and Economy

The electric car company Better Place, which had pledged to erect electric car charging stations throughout Israel, filed for bankruptcy in an Israeli court on Sunday. The company, based in Palo Alto, Calif., fired about half of its staff in October 2012. Better Place provides charge spots and battery-switch stations for the Renault Fluence ZE, […]

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Posted on: May 24th, 2013

News & ViewsBusiness and Economy

Readers are already asking us if newly appointed acting commissioner of the IRS, Daniel Werfel is a Jew.

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Posted on: May 24th, 2013

News & ViewsBusiness and Economy

With the deal Facebook and Waze not yet closed, Google has reportedly jumped into the fray,  making a play for the Israeli start-up company, who’s opening bid is at $1 billion dollars. There’s another alternative also on the table now, Waze turns down both giants, keeps its independence, and raises money with another round of venture […]

 

Posted on: May 22nd, 2013

News & ViewsBusiness and Economy

The shekel-dollar rate has soared 4 percent in the past two weeks, with the latest jump today (Wednesday) prompted by expectations that the Bank of Israel will lower the interest rate again in June. The rate crossed the level of 3.69 shekels to the dollar on Wednesday after having dropped under 3.55 shekels to the […]

 

Posted on: May 19th, 2013

News & ViewsBusiness and Economy

The government can expect to rake in billions of dollars from natural gas exports in the next 20 years, claimed Yitzchak Tshuva, controlling shareholder of Delek, which is a major partner in the Nobel Energy consortium that has begun pumping gas from its off-shore oil discovery. Opposing views are trying to prohibit exports, arguing that […]

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NBL_East_Med_map_0501-01
 

Posted on: May 16th, 2013

News & ViewsBusiness and Economy

Israel has (more) gas. Baruch Hashem. But who should profit?

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Thousands of grasshoppers seen near Ramat Negev .
 

Posted on: May 14th, 2013

News & ViewsBusiness and Economy

Fundamentalists were working overtime before Passover to describe how just as in Biblical times, the Jews were spared from the plague. Now the locusts are working overtime, just in time for Shavuot.

shekels
 

Posted on: May 13th, 2013

News & ViewsBusiness and Economy

Bank of Israel Governor Stanley Fischer announced on Monday a surprise cut the prime interest rate as part of his battle to fight the appreciation of the shekel and help the economy to keep growing. The financial markets responded with the shekel-dollar rate rising more than 1.5 percent to the level of 3.61 shekels to […]

 

Posted on: May 13th, 2013

News & ViewsBusiness and Economy

Waze and Facebook have reached an impasse in their negotiations, but not over whether Facebook will buy Waze for 700 million dollars, or a clean billion, but over Israel, according to the Israeli site Telecom News. Facebook wants to close down Waze’s Raanana office, and transfer some of the developers to the U.S. While the […]

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