Business


After Russia, Cofix Sets Sights on Turkey

Cofix, Israel’s discount coffee chain, is expanding its holdings abroad. After entering into an agreement in 2016 to open a chain of coffee shops in Russia, the company has now…

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Herbalife Held Unsuccessful Sale Talks

Herbalife says that it was in talks to be acquired and taken private, but that those negotiations ended last week. The nutritional supplement company said Monday that in response to…

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Businesses Increase Stockpiles in June

U.S. businesses increased their stockpiles in June by the largest amount in seven months, while sales also rose. The Commerce Department says business inventories rose by a seasonally adjusted 0.5…

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A Third of Businesses Flouting Price Controls

A round of government inspections has revealed that a third of Israeli businesses are defying price controls, selling food products at well above the mandated ceilings, and without required labeling,…

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Bitan Blocks Binary Bill

After the Knesset Reforms Committee unanimously approved on Monday a bill for a blanket ban on binary options to be sent to the plenum, passage seemed assured. Until, that is,…

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Drip Irrigation Pioneer Netafim Sold for $1.5B

Netafim, an Israeli company that was at the forefront of the “green revolution” around the world, is being bought out by Mexichem, a Mexican firm that manufactures plastics and petrochemicals.…

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BIRD to Fund More U.S.-Israel Joint Projects

BIRD, the Israel-U.S. Binational Industrial Research and Development Foundation, is investing another $7 million in projects that will involve both U.S. and Israeli companies. The new funds were approved at…

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IAI to Acquire Two Cybersecurity Firms

Israel Aerospace Industries (IAI) is investing millions of dollars in two cybersecurity companies in Holland and Hungary, the company announced Thursday on the last day of the Cyber Week conference…

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SuperPharm Loses Exclusive Grip on Malls

Under threat of monetary sanctions from the Israeli Antitrust Authority, the SuperPharm drug chain has agreed to relinquish its exclusivity contracts with 120 shopping centers around the country, according to…

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