IDB board approves Eduardo Elsztain’s rescue plan
The plan calls for an immediate about $201 million rights issue. Moti Ben-Moshe: This is a PR exercise. IDB board approved the proposal of one of the controlling shareholders, Eduardo Elsztain, More...
Israel’s Check-Cap Planning $15 Million NASDAQ IPO
Israel’s Check-Cap Ltd., a clinical stage medical diagnostics company engaged in the development of gastrointestinal imaging devices for the screening for colorectal cancer, announced that it has filed More...
Sitt Selling Brooklyn Venetian for $27 Million
Sitt Asset Management is set to sell the Venetian rental building in Brooklyn’s Midwood neighborhood to Francis Greenburger’s real estate development firm Time Equities for $27 Million, according to The More...
4 Companies that Could Split Up
Dan Ives of FBR Capital Markets discussed four companies that could split up. Many investors speculate on spin-offs, because stocks of such companies usually rise on the news of a breakup and long-term value More...
Oracle’s Larry Ellison Quits following Decade of Bad Mistakes
Larry Ellison, who’s been the chief at Oracle Corp for 37 years, resigned Thursday, and will be replaced by two CEOs (that’s how big he was) Safra Catz and Mark Hurd, Reuters reported. Good More...
Shekel Weaker, Dollar Stronger, But Who’s Winning?
The dollar has risen dramatically against the shekel, with the latter currency declining 6.8% against the dollar since July. This was not necessarily considered a bad thing earlier in the year, when the More...
Kushner Family Seeking Partner for Phoenix Acquisition
Is The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) deal too big for the Kushner family? Market sources believe that the candidate for acquiring the controlling interest in the insurance group from Delek Group More...
‘New and Improved’ Rupert Murdoch Walks Away from Time Warner Deal
– After gunning for Time Warner for months, 21st Century Fox, owned by media mogul Rupert Murdoch, walked away from the deal, which was expected to be a game-changer in media consolidation. More...
Israeli Cyber security StartUp ThetaRay raises $10 million in Round B
– ThetaRay, a big data analytics solution has closed a $10 million investment round from existing investors as well as new financial and strategic investors. – Cyber security company More...
Israeli Treasury Declare financial institutions quasi-public bodies
– Sources believe that the proposal will find sweeping support in the Knesset. – The Ministry of Finance is examining steps to declare financial institutions that manage other people’s money More...