Knesset Bill Aims at Google to Pay Royalties on Israeli Content

Posted on: December 17th, 2013

Google will have to pay 7 percent on revenue from Israeli Internet content that is copyrighted if the Knesset approves a bill submitted by Labor Knesset Member Erel Margalit and now under discussion in the Knesset Finance Committee. The proposed legislation calls for the royalties to be deposited in an account managed by the Finance […]

Off-Shore Oil Field May Contain 3 Billion Barrels of Oil

Posted on: December 17th, 2013

Noble told analysts that drilling will not begin before the end of next year.

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Court Approves Haredi-Led Consortium to Take Over IDB Conglomerate

Posted on: December 17th, 2013

A Tel Aviv court Tuesday has rejected arguments from embattled billionaire Nochi Dankner and has given its stamp of approval to allow a consortium, led by a South American Haredi businessman, to take control of the mammoth IDF holding company. Dankner’s lawyers said they are considering whether to appeal the decision that accepted a creditors’ […]

Should Israel Help Save America’s Jewish Community?

Posted on: December 17th, 2013

Israel has invested more than $125 million trying to bring young Jews to visit, with meager results.

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New Cannabis Regulations Pick National ‘Pusher’ sans Bidding

Posted on: December 16th, 2013

Only the pharmacies will be decided according to an official bid – everybody else basically gets a license to print money.

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Israel’s Frutarom buys US Flavors Company Hagelin for $52 Million

Posted on: December 12th, 2013

Israel’s Frutarom flavor technology company’s appetite continues to grow with the announcement Thursday of the purchase of the American flavor company Hagelin and its affiliate NRC Operating Company for $52 million. It is Frutarom’s third buy-out of a foreign company in a month and counters the trend of American companies purchasing Israel high-rech startups. Frutarom […]

Obama Plans to Name Stanley Fischer as Vice Chairman of the Fed

Posted on: December 11th, 2013

The Obama administration is close to announcing that former Israel Bank Governor Stanley Fischer will take over the number two position at the Federal Reserve Bank under recently confirmed director Janet Yellen. Fischer was hoping to be named head of the Fed,  but at 70, his age was a barrier. Fischer is widely respected in […]

Wealthy Argentine Chabadnik Set to Take over Israel’s Giant IDB

Posted on: December 9th, 2013

We don’t pretend to know how and why God works, but it can be speculated that the financial disaster of Israel’s giant IDB was the way for a Chabad Jew to enter Israel’s secular Big Business elite.

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Israeli Developer of Swallowable Camera Bought for $860 Million

Posted on: December 9th, 2013

An Irish company will purchase Given Imaging Ltd., an Israeli firm that developed a swallowable camera to diagnose problems in the digestive tract. Covidien Plc agreed to acquire Given Imaging from shareholders of IDB Holding Corp. Ltd. for about $860 million, it was reported Sunday. Given Imaging is the inventor of the PillCam, a swallowed […]

Bennett: Israel to Aid Large Islamic Country in Agriculture

Posted on: December 8th, 2013

At an International economic forum in Jakarta, the foreign ministers only wanted to hear how Israel can help their respective countries.

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Tel Aviv Stock Exchange Top Index Hits All-Time High

Posted on: November 21st, 2013

The Tel Aviv Stock Exchange’s flagship index the Tel Aviv 25 hit an all-time record high Wednesday, closing at 1,344 points and passing the previous closing level of 1,341.89 points set on April 21, 2011, Globes reported. Similar to Wall Street’s Dow Jones Industrial Average, the Tel Aviv 25 index consists of the largest 25 companies within Israel’s stock market. The […]

Wages of Hate: Gaza Drowning in Its Own Excrement

Posted on: November 21st, 2013

Normal people wouldn't celebrate this kind of misery, but the Hamas is not staffed by normal people.

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Ex-Teva CEO Jeremy Levin Says He Is Staying in Israel – for Now

Posted on: November 20th, 2013

Jeremy Levin, who moved to Israel last year to take over the helm at Teva Pharmaceuticals only to be fired last month, say he loves Israel and is staying here, at least for the time being. Unlike Stanley Fischer, who made aliya to take over the post of Governor of the Bank of Israel and […]

Report: Apple Pays $345 Million for Israeli Chip Manufacturer

Posted on: November 20th, 2013

Apple has taken another bite into Israel and is buying the home-grown Prime Minister Sense chip manufacturer for $345, according to the Calcalist newspaper. Neither Apple nor PrimeSense confirmed or denied the report. “We are focused on building a prosperous company while bringing 3D sensing and natural interaction to the mass market in a variety […]

Office Depot’s Israel Branch at End of the Road, Closes All Stores

Posted on: November 18th, 2013

The Israeli branch of Office Depot has run out of bankruptcy-saving proposals, and a court on Monday authorized liquidators to lay off all 780 employees and close the stores. “After a lengthy hearing and with all due regret, it seems that the company has reached the end of the road, and nobody can disagree,” said […]

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Sheldon Adelson Fighting Scourge of Online Gambling

Posted on: November 18th, 2013

He says it's “a societal train wreck waiting to happen.” Unlike casino gambling, of course.

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Soros Pledges 1 Dime to every Suffering Syrian

Posted on: November 8th, 2013

UN Secretary General Ban Ki-moon says the minimum required to deal with the suffering in Syria is $4.4 billion.

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Sodastream to Air $4 Million Super Bowl Ad

Posted on: November 7th, 2013

Sodastream, the popular Israeli carbonated drinks company, has announced that it will kick off its 2014 advertising campaign with a $4 million Super Bowl ad for the second year in a row. “The Super Bowl is a proven venue for SodaStream to deliver our beverage revolution message to over 100 million viewers, empowering consumers to […]

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US Gives $75 Million to PA High Impact Micro-Infrastructure Initiative

Posted on: November 6th, 2013

In Bethlehem on November 6, 2013, Secretary Kerry announced an additional $75 million in support of the Palestinian Authority’s High Impact Micro-Infrastructure Initiative (HIMII), bringing the total U.S. Government commitment to $100 million for the initiative. Germany has committed over $10 million to HIMII projects in the PA. According to the State dept., HIMII projects […]

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eBay Apologizes for Nazi Memorabilia

Posted on: November 4th, 2013

The online auction website eBay apologized for allowing Nazi memorabilia to be sold under its auspices. The site removed about 30 items for sale within hours of an investigative report published in the Sunday edition of the Daily Mail. The report went up on the newspaper’s website late Saturday night. “We are very sorry these […]

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