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Israel Business News

Israel's Business Arena
Cellcom sees NIS 320m sliced off net profit
The company is considering legal action over the cut in interconnect fees.

Communications minister slams mobile phone cos as he cuts rates
Moshe Kahlon cut the interconnect fee 73% to to NIS 0.068 per minute, effective January 1.

Makhteshim drops US co acquisition bid
Missouri-based Albaugh is the world's largest private agrochemicals producer.

Second Israeli pill camera co mulls IPO
CheckCap's product is at an earlier stage than those of Given Imaging.

Thu: TASE rises, ends week higher
Mobile carriers attracted investor interest. Cellcom fell, but Partner and Bezeq rose.

Top TASE share in 5770: up 621%
Leviathan partner Ratio Oil Exploration led a very strong oil and gas sector.

Elbit Systems buys Mikal subsidiaries, not Mikal
After buying all or most of three subsidiaries, Elbit Systems will sell its existing stake in Mikal.

Kardan unit sells Russian bank stake to partner
TBIF sold part of Sovcombank for EUR32 million.

Workers reject First Int'l Bank bonus offer
The multiyear offer does not specify the amount for 2010.

MARKET

Business in Brief

Markets in Brief

Market report / Boymelgreen falls 24% on heavy Q2 losses

Makhteshim withdraws from Albaugh deal after due diligence 'discoveries'

Fischer applauds German central bank

Brack Capital hopes to expand German venture with TASE float

Driving competition in auto imports

Appeals court puts halt to Teva's generic Evista

Ministry cuts interconnect rates by 74%

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TheMarker- Business
 
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