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By Jewish Business News On Monday, February 22nd, 2021

Wix Is Worth $20 Billion Making Its Israel’s Most Valuable Company

Wix, the Israeli company which offers customers free website services for their businesses, is now the most valuable company in the country. According to Globes, Wix is now worth $20 billion. The share price More...

By Gali Raz On Wednesday, January 2nd, 2019

Playtech agrees $32 million payment to Israeli tax authorities

London-listed gambling company Playtech said on Wednesday it had agreed to pay Israeli tax authorities additional tax liability of €28 million ($32.16 million; £25.2 million) following an audit of certain 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 Niall McCarthy On Thursday, August 25th, 2016

Global Corporation Tax Levels In Perspective

Corporate tax is levied on the income or capital of corporations or analogous entities with rates varying hugely between countries. Many countries impose it at the national level, though similar taxes are More...

By News On Sunday, May 1st, 2016

Facebook sees 52 percent increase in first quarter

  On July 13, 2015, Facebook became the fastest company in the Standard & Poor’s 500 Index to reach a market cap of Dollars 250 billion. Facebook’s supremacy in the mobile ads world More...

By Jewish Business News On Thursday, March 17th, 2016

Frutarom reported record results; 2016 revenue Reaches $1 billion

Boosted by a string of worldwide acquisitions, Israeli flavors and fine ingredients company Frutarom Industries Ltd.  sees 2016 revenue reaching $1 billion for the first time.The company reported its fourth More...

By News Brief On Monday, January 18th, 2016

Russian oligarchs lose $11 billion in just 10 trading days due to weak rouble and rising oil prices

  Russian oligarchs have lost an estimated $11 billion (£7.6bn) in just 10 trading days since the turn of the year as oil prices slip and the rouble weakens. The nation is home to some of the richest men More...

By News Brief On Tuesday, July 14th, 2015

[VIDEO] Facebook Reaches $250 Billion Market Cap at Record Pace

  It seems like just yesterday that Facebook Inc. went public. Now its market value has topped $250 billion. The social network company’s 2.4 percent climb to a record close on Monday, just over three More...

By Kurt Tucholsky On Thursday, May 28th, 2015

Best Buy Surges on Apple Wave

Best Buy’s US sales figures in the first quarter went up by 0.6 percent, beating the market prediction of a decline of 0.4 percent. The rise in revenue comes as surprise to market watchers who have been More...

By Kurt Tucholsky On Friday, May 1st, 2015

LinkedIn Losing its Luster?

World’s leading business networking service LinkedIn lost a quarter of its value after company reported poor revenue forecast. LinkedIn announced the current quarter’s sales to go down $45 million than the More...

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