IDB Development Loses $215 Million Amid Control Wars Between Top 2 Partners

Ben-Moshe, Elsztain

The IDB Group, one of Israel’s largest business groups, which holds leading corporations in key business sectors, posted a $250 million loss for 2014, compared with a loss of only $38 million in 2013, Globes reported. The group’s revenue in 2014 totaled $530 million, a bit less than in 2013. IDB Development is controlled by the partners Moti More...

Indian Manufacturer Arvind Pays Ralph Lauren $3.2 Million to Settle Licensing Dispute

Kulin Lalbhai , Executive Director, Arvind Ltd

Arvind Ltd (formerly Arvind Mills), an Indian textile manufacturer, announced on Monday that its subsidiary, Arvind Lifestyle Brands, would pay $3.2 million to Ralph Lauren to More...

Will Cablevision Buy the New York Daily News for $1?

Mort Zuckerman 640x360

Could Mort Zuckerman’s New York Daily News be sold for as little as $1? That is how much Cablevision has offered for New York’s #3 daily according to a report by Reuters. The More...

Israel Aerospace Industries to Supply Four Super Dvora Mk3 Boat to Africa

Super Dvora MK3 at 48 knots 6 Planing -IAI

  IAI recently received a contract worth tens millions of dollars to supply four Super Dvora Mk 3 Fast Patrol Boat to an African military customer. All four boats will be More...

Lev Leviev’s Africa Israel Suffers Major 14/Q4 Loss

Lev Leviev

Israeli real estate developer Africa Israel Investments, controlled by Billionaire Lev Leviev, posted a loss of $214 million in Q4, resulting from the revaluation of real estate More...

Saudi - Pakistan joint military exercise

Unforeseen Consequences of Iran Nuclear Deal: Saudis Seek Own Bomb, May Let Oil Drop to $25

It appears that Israeli Prime Minister Benjamin Netanyahu is not the only one terrified by the prospect of a nuclear Iran. Its neighbor Saudi Arabia feels it has even more to More...

President Casts Absentee Ballot in Chicago April 7 Race, Says He’s for Rahm Emanuel

President Barack Obama on Friday cast an early absentee ballot, which he said was for incumbent mayor and former White House chief of staff Rahm Emanuel, the Chicago Sun Times More...

Schneiderman Reaches Deal With GNC on Supplements

NY State Attorney General Eric Schneiderman has agreed to settle with GNC, a supplement company, as part of his crackdown on the supplement industry. GNC released a statement More...

Stolen Uber Accounts Sold on the Dark Web, Get Yours for $1 a Pop

uber driver1

Active Uber accounts are for sale on a dark web marketplace for as little as $1 each, Motherboard reported. Armed with a More...

Israel’s Intelescope Solutions Raises $8.3 Million

Intelescope Solutions

Israel’s Intelescope Solutions, a forest analytics company that utilizes drone and satellite imagery to transform the More...

nouriel roubini ‘Dr. Doom’ Nouriel Roubini See Signs of Life in the Eurozone

 The latest economic data from the eurozone suggest that recovery may be at hand. What is...

Howard Marks Watch Howard Marks’ Talk: The Most Important Thing – ‘Origins and Inspirations’

Warren Buffett said: “When I see memos from Howard Marks in my mail, they’re the first...

Exclusive Interview With Billionaire Investor George Soros George Soros: Last Chance for Ukraine and Europe

The European Union stands at a crossroads. The shape it takes five years from now will...

Teva Pharmaceutical Upgraded to ‘Outperform’ By Oppenheimer

Teva-Pharmaceutical-Industries sm

Deutsche Bank set a $68.00 target price on Teva Pharmaceutical Industries (NASDAQ:TEVA) in a research note More...

DreamWorks Animation Stock Rises on Success of ‘Home’

DreamWorks Animation has gotten some badly needed good news this week. Its stock rose after the unexpected More...

Soros Will Invest $1 Billion in the Ukraine, but Others Must Help, Too

Billionaire financier George Soros told Austrian newspaper Der Standard that he is ready to invest $1 billion More...

US Citizens Who Boarded Ben Gurion Flights Under Rocket Attack Sue Hamas

by JNS
hamas rockets

Twenty-six U.S. citizens filed a lawsuit on Tuesday in the Department of Justice asking for compensation from More...

Former Israeli PM Ehud Olmert Convicted in Bribery Affair, His Lawyers Weigh an Appeal

The Jerusalem District Court on Monday convicted former Israeli prime minister Ehud Olmert in the Talansky More...

Toronto Uber Driver Suing Justin Bieber for Assault

A Toronto SUV limousine driver is suing that alleged Justin Bieber for punching him in the head repeatedly More...