Tuesday, December 11, 2018

Merger in Mizrahi: Yones to guarantee four year freeze on layoffs

Collective bargaining agreement by Mizrahi CEO to the merger with Tefahot includes half-salary bonus to employees Eli Yones is advancing the Bank Mizrahi merger with Bank Tefahot. Maariv has learned that the...

Ginko plans to raise NIS 130 million for oil exploration

Estimates Dead Sea reserves hold 20 billion barrels. Ginko Oil Exploration is planning to raise NIS 130 million on the Tel Aviv Stock Exchange at the end of the month to finance...

Progress in ports strike talks

Progress being made in negotiations between Treasury and Histadrut; strike could end within 24 hours. Significant progress has been made in negotiations between the Histadrut and the Treasury. Earlier this morning (Tuesday)...

Teva’s Q2 profits increase by 9%

Profits totaling $230 million in the second quarter, despite recent negative trends in company's stock. Financial results of the Israeli medicine company were surprisingly positive during the second quarter despite recent negative...

Bank of Israel sets optimistic forecast for 2005

Foresees growth of 3.5%, business output up 4.8% and unemployment down to 9.9%. Economic growth will reach 3.5% in 2005, business production will increase by 4.8% and standard of living (individual consumption)...

Alvarion earns $2.5 million in Q2

Income rises by 9% in comparison with previous quarter to $48.8 million; net profit rises by 74%   Alvarion reported Q2 2004 results, including a record income of $48.8 million, a 9% rise...