2 Chinese funds invest $36m in Priortech JV
Access is also in talks with a Korean private equity fund to invest in the current financing round.
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Tnuva fires 70
The layoffs are part of Tnuva’s streamlining of its bloated headquarters.
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NIS 400m class action sought against Partner
The suit claims that Israel’s Orange franchisee subjects customers to overcharging, harassment, time wasting, and mental anguish.
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Home asking prices fall steeply
Since May 2011, asking prices for four-room apartments published on Homeless have fallen in 12 of 13 areas reviewed.
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Barclays: Israel Chemicals success thanks to Mozes
Barclays reiterated its “Buy” recommendation for Israel Chemicals.
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Banks may refuse to clear gambling websites
The Bank of Israel has released the banks from their duty to provide service for suspected illegal gambling websites.
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Netanyahu, Treasury agree: NIS 2.7b defense cut for education
The prime minister and Finance Ministry officials have agreed on the details of the NIS 5.4 billion “large adjustment package”.
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Dankner in talks to sell Clal Industries to Viola
Nochi Dankner has broken off talks to sell the stake to his partner in IDB, the Livnat family.
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Saudi hacker claims info on 1m Israeli credit cards
“I’ve hacked more than 80 Israeli servers’
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Thu: Tel Aviv 25 up 2.5% on week
Teva rose again and gained 8.2% in the first week of 2012.
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Delek Real Estate bondholders call for Tshuva bond boycott
The call comes after Menorah Mivtachim chairman Menachim Gurwitz said the company would not participate in any offerings by Delek Group companies.
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Zim firing up to 100 employees
The troubled shipping company has also cut executive salaries by 10%.
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Frutarom buys UKs Savoury Flavours for ₤3.77m
Savoury Flavours is adjacent to East Anglian Food Ingredients, which Frutarom acquired one year ago.
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Ehud Olmert indicted in Holyland affair
Former Jerusalem Mayor Uri Lupolianski and former Bank Hapoalim chairman Dan Dankner were also indicted.
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Shekel dollar rate hits 17-month high
The shekel-dollar exchange rate is flat in inter-bank trading today.
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Strauss firing dozens in streamlining
The layoffs will be at company headquarters, while production staff in the food group will be unaffected.
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Tax Authority demands NIS 2.7b from Teva
Teva claims the assessment is based on an erroneous interpretation of the Law for the Encouragement of Capital Investment.
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Morgan Stanley: Teva raised Copaxone price 15%
Teva also raised the list price of its Parkinson’s disease treatment Azilect by 6%.
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3 Israelis cos in “NY Times” 2011 best 18 deals list
Teva, Makhteshim and Fundtech featured in the newspapers “Deal Professor A’s” for the best deal makers of the year.
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World cocoa price down 38%; Strauss price up 59%
Strauss hiked the price of its Elite cocoa powder in 2010-2011, even as the cocoa bean commodities price plunged.