Tag archive for ‘June’
Eli Horn On Saturday, January 31st, 2015

Missing Philanthropist Guma Aguiar Declared Legally Dead

  Guma Aguiar, a Jewish multimillionaire and philanthropist who went missing nearly three years ago while sailing alone in choppy waters off the coast of Florida, was declared legally dead on Thursday. The More...

Vered Weiss On Thursday, January 29th, 2015

Bill Gross Predicts 25 Basis Point Interest Rate Rise by June

A policy statement from the U.S. Federal Reserve indicates a “patient” approach to raising interest rates; Janus manager Bill Gross thinks the rise will be 25 basis points by June 2015. The FOMC More...

Eli Horn On Thursday, January 22nd, 2015

Morgan Stanley to Pay Employees Less Revenue in Bonuses, But More Up Front

Wall Street investment bank Morgan Stanley said it would pay a smaller portion of revenue in bonuses to its bankers and traders this year even in a better revenue environment, Reuters said. The bank reported More...

Ran Dagoni Washington On Tuesday, January 20th, 2015

IMF Cuts Global Growth Forecast by .3% Despite Lower Oil Prices

  Despite the sharp drop in the price of oil, the International Monetary Fund (IMF) has cut its global economic growth forecast for 2015 from 3.8% to 3.5%, and for 2016 from 4% to 3.7%. The growth estimate More...

Eli Horn On Wednesday, January 14th, 2015

Fed Rate Hike Will Be Taken in Stride, S&P Dow Jones’ David Blitzer Says

Many financial market participants are concerned that when the U.S. Federal Reserve begins raising interest rates, stocks and bonds will plunge and the dollar will soar, wreaking havoc on the economy and More...

Vered Weiss On Wednesday, January 14th, 2015

InstaCart Raises $220 Million, Not Threatened by Uber Essentials

Instacart raised $220 million in a funding round led by Kleiner Perkins Caufield & Byers. The venture capital firm is also a backer of Uber, which some see as a potential competitor of the online grocery More...

Foreign Account Tax Compliance Act (FATCA) , TAX , Financial
Irit Avissar On Tuesday, January 13th, 2015

Israeli banks extend FATCA declarations to businesses

By next year, the US Internal Revenue Service will require all Israeli businesses to declare whether any shareholders are US citizens.   The US Foreign Account Compliance Act (FATCA) regulations are being More...

Gil Tanenbaum On Friday, January 9th, 2015

El Al Reveals Details of New Direct Boston-Tel Aviv Flights

People who travel from the New England area to Israel are now in luck. El Al has introduced direct flights between Boston and Israel. The flights are expected to begin at the end of June and as of now its prices More...

Eli Horn On Thursday, January 8th, 2015

American Apparel Overhauls Ethics Code Amid Push to Leave Scandal Behind

  American Apparel Inc., which fired controversial founder Dov Charney as chief executive officer last month for alleged misconduct, strengthened rules to prevent sexual harassment among its employees, More...

Jewish Business News On Wednesday, January 7th, 2015

Nadler, Feinstein, Introduce Bill to Ensure Rights of All Married Couples

Congressman Jerrold Nadler and Congresswoman Ileana Ros-Lehtinen today introduced the Respect for Marriage Act, a bill to repeal the discriminatory Defense of Marriage Act and ensure that all legally-married, More...

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