By Omri Cohen On Thursday, August 3rd, 2017

Drama in Teva: Cutting 7,000 Jobs in 45 Countries ; Share Price Plunges

Teva Pharmaceutical Industries announced today that it is cutting 7,000 jobs in 45 countries and will close 15 factories by the end of 2018, following the publication of the financial results of the company for More...

By Jewish Business News On Thursday, August 3rd, 2017

See How Airbnb Built a $30 Billion Company in 9 Years

Four months later in February 2008, Nathan Blecharczyk, Chesky’s friend, joined the team as the Chief Technology Officer. The new venture, called AirBed & Breakfast launched its website in More...

By Jewish Business News On Thursday, August 3rd, 2017

Teva Wiped Out $6.1 Billion and Cut Forecasts for 2017

Teva Pharmaceutical Industries said on Thursday it would continue to pursue a breach of contract suit against the former owners of its Rimsa plant in Mexico after the Supreme Court of the State of New York rejected More...

By Avery-Taylor Phillips On Thursday, August 3rd, 2017

How Would U.S.-Israel Trade Be Affected by the Impeachment of Trump?

President Donald Trump has certainly changed the landscape of American politics. Scandals and the President’s capricious nature has led to a long list of high-profile firings, including Sally Yates, Michael Flynn, More...

By Shai Genish On Tuesday, August 1st, 2017

Facebook Buys an AI Startup to Help Messenger Build Out Its Personal Assistant

Facebook has acquired Ozlo, an artificial intelligence startup, to improve Messenger virtual assistant for users. The Palo Alto-based, Ozlo, specializes in understanding text-based conversations, and says it can More...

By Jewish Business News On Monday, July 31st, 2017

Private Equity Invested in Israel $807 Million in First Half of 2017- the Lowest in Three Years 

Key facts: Number of Israeli private equity deals grow in first half of 2017– 17% up from first half of 2016 Israeli PE funds’ investments improve in first half of 2017 – $470 million following a very More...

By Jewish Business News On Sunday, July 30th, 2017

Israeli Company Elbit Systems in Charge of Building the Wall on Mexican Border

  One of most well-known and controversial US President Donald Trump campaign promises was building a wall with Mexico. Now the US hired the services of an Israeli company Elbit Systems to bring in the technology More...

By Shiri Wasserman On Thursday, July 27th, 2017

Ryanair Launches New Flight From Tel Aviv to Rome

Low-cost carrier, Ryanair is to launch a daily new route from Tel Aviv to Rome’s Fiumicino (Leonardo da Vinci) Airport, starting October 29. This new route is in addition to other new routes to Baden Baden, More...

By Jewish Business News On Wednesday, July 26th, 2017

Outbrain Buys Slovenian Adtech Startup Zemanta for $25 Million

  Israeli content recommendation company Outbrain has announced the acquisition of Zemanta, a Slovenian-founded startup with headquarter in New York. The details of the deal were not disclosed, but it More...

By Jewish Business News On Monday, July 24th, 2017

KKR Buys the Medical Consulting Site WebMD for $2.8 Billion in Cash

The health and medical site WebMD was acquired by the KKR holding giant for $ 2.8 billion. The purchase is made five months after the site declared that it is looking for a buyer. The purchase price represents More...


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