Business


Teva Receives Warning Letter from FDA

Teva has received a warning letter from the FDA [U.S. Federal Drug Administration] – its second in six months – raising concerns over its compliance with the agency’s “good manufacturing practices.”…

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Business Briefs – April 19, 2017

Fed Survey Finds Moderate Economic Growth In Spring WASHINGTON (AP) – The Federal Reserve says the U.S. economy kept expanding in the early spring, with tight labor markets and many…

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Mall Sales Rise Pre-Pesach, Figures Show

Sales at fashion stores in Israeli malls were up 3.5 percent during the days leading up to Pesach over the same period a year earlier, according to analysts. The figures…

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Teva to Seek $2B for Sale of Division

Teva Pharmaceuticals is seeking a buyer for its women’s health division, a weekend report in Bloomberg News said. According to the report, Teva will seek about $2 billion for the…

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UPS Adds Saturday Delivery as E-Commerce Fuels Demand

United Parcel Service (UPS) Inc. will add Saturday ground deliveries, making one of the biggest shipping-time changes in its 109-year history in response to rising demand from online shoppers. Homes…

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PM Netanyahu Seeks to Boost Commercial Ties With China

Israel wants to boost cooperation with China in technology, Israeli Prime Minister Benjamin Netanyahu told China’s premier Monday, as he led a large business delegation on a visit to Beijing…

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Israeli Bus Makers to Go Electric

Two Israeli bus makers have won a tender to produce electric buses for the local market. The companies will work with Chinese bus manufacturers to produce the buses based on…

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Ribbon-Cutting Ceremony for Orthodox Jewish Chamber of Commerce HQ

On Tuesday afternoon, amidst the hustle and bustle of Manhattan’s Financial District, a group of corporate and governmental VIPs, and Orthodox Jewish community leaders and activists, stood outside 44 Wall…

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Israel Holding Two Business Conferences in Japan

Two major business conferences being held in Japan this week by the Economy Ministry’s Foreign Investments and Industrial Cooperation Authority, along with Industry and the Economic Trade Mission in Japan,…

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Business Briefs – February 27, 2017

Ground Broken on New $1.6B Terminal at Los Angeles Airport LOS ANGELES (AP) – Construction has begun on a new $1.6 billion terminal at Los Angeles International Airport. Mayor Eric…

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Trump Signs Another Order to Reduce Regulation

President Donald Trump has signed a new executive order taking aim at government regulations. Trump said the order will direct each federal agency to establish a regulatory-reform task force. The…

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Cofix Owner: I Had No Choice But to Raise Prices

After his “bombshell” announcement Thursday that he was raising prices by 20 percent, Cofix chairman Avi Katz made the round of the weekend newspapers in Israel to explain why he…

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